Equinor invests in Water Linked AS
(July 3, 2020) Equinor Ventures has completed an investment in Water Linked AS.
After following this Trondheim based company for a long time, Equinor Ventures is pleased to announce an investment in the company, together with Investinor as a co-investor.
Water Linked provides acoustic based products for underwater communication and positioning, with an unprecedented combination of precision, size and cost. This technology makes the company well positioned to capture current and coming opportunities for digitizing the ocean space across sectors, such as offshore energy, subsea minerals and aquaculture and food production from the oceans.
Good solutions for communicating and positioning under water are important for several areas of Equinor's operations, such as underwater intervention drones, operation of subsea installations, offshore wind, environmental monitoring and possibly also transport of CO2.
Water Linked was founded six years ago and is now in a good position to grow more expansively and contribute to the ongoing technology revolution of digitalisation of the oceans.