About Marine Power Systems
Marine Power Systems is a company based in Swansea (United Kingdom) founded in 2008 by Graham Foster and Gareth Stockman. Marine Power Systems has raised $21.62 million across 15 funding rounds from investors including Gov.uk, Development Bank of Wales and European Commission. Marine Power Systems offers products and services including Deep-water Wind Technology and Offshore Wind Services. Marine Power Systems operates in a competitive market with competitors including Carnegie Clean Energy, Ocean Power Technologies, CorPower Ocean, Floating Power Plant and Wavepiston, among others.
- Headquarter Swansea, United Kingdom
- Founders Graham Foster, Gareth Stockman
- Stage Minicorn
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Marine Power Systems Ltd
- Date of Incorporation 11 Aug, 2008
- Jurisdiction SWANSEA, WALES
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$21.62 M (USD)
in 15 rounds
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Latest Funding Round
$3.57 M (USD), Series A
Nov 19, 2024
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Investors
Gov.uk
& 5 more
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Employee Count
Not available
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Products & Services of Marine Power Systems
Marine Power Systems offers a comprehensive portfolio of products and services, including Deep-water Wind Technology and Offshore Wind Services.
Modular technology for efficient deep-water wind energy deployment and harnessing.
Support for installation and management of offshore wind systems.
Funding Insights of Marine Power Systems
Marine Power Systems has successfully raised a total of $21.62M across 15 strategic funding rounds. The most recent funding activity was a Series A round of $3.57 million completed in November 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Marine Power Systems
Marine Power Systems has secured backing from 6 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Gov.uk, Development Bank of Wales and European Commission.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Investor details for Marine Power Systems
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Investments & Acquisitions by Marine Power Systems
Investment portfolio details for Marine Power Systems
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Financial Statements - Marine Power Systems
Detailed financials for Marine Power Systems
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Marine Power Systems Comparisons
Peer comparison for Marine Power Systems
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Competitors of Marine Power Systems
Marine Power Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Carnegie Clean Energy, Ocean Power Technologies, CorPower Ocean, Floating Power Plant and Wavepiston, among others.
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CETO wave energy converters and solar PV systems are provided.
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Ocean energy technologies are provided for intelligent maritime solutions.
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Wave energy converter solutions provider
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Floating wind and wave energy systems are developed and deployed.
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Wave energy is generated via buoy-anchored wire systems.
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Detailed competitors of Marine Power Systems
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Latest news on Marine Power Systems
Complete news archive for Marine Power Systems
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Frequently Asked Questions about Marine Power Systems
Marine Power Systems was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Marine Power Systems is headquartered in Swansea, United Kingdom. It is registered at Swansea, Wales, United Kingdom.
Gareth Stockman is the current CEO of Marine Power Systems. They have also founded this company.
Marine Power Systems is a funded company, having raised a total of $21.62M across 15 funding rounds to date.
Founded in 2008 and based in Swansea, United Kingdom, operations focus on the renewable energy sector, specifically offshore wind. Modular and flexible technology is engineered for deep-water environments to simplify performance and address supply chain issues, deployment challenges, scalability, costs, and risks. Efficient energy yield is facilitated through streamlined installation processes using standard vessels.
Marine Power Systems's top competitors include Carnegie Clean Energy, CorPower Ocean and Ocean Power Technologies.
Marine Power Systems offers Deep-water Wind Technology and Offshore Wind Services.
Marine Power Systems has 6 investors. Key investors include Gov.uk, Development Bank of Wales, European Commission, European Union, and Welsh Government.
The valuation of Marine Power Systems is $59.13M as of Dec 2018.