Equinor Ventures has acquired a minority share in Eelume AS
Equinor Ventures is pleased to announce an investment in the Norwegian subsea drone company Eelume AS, after having supported Eelume through Equinor Ventures early phase project funding since 2016.
Eelume is developing self-propelled, autonomous vehicles well suited for inspection, maintenance and repair on subsea structures such as offshore wind farms, O&G production facilities and pipelines.
Eelume is designed to live subsea connected to a docking station on the seabed where they can be mobilized 24/7 regardless of weather conditions. The technology originated from the Norwegian University of Science and Technology (NTNU), and the investment gives an equity share in the company together with Kongsberg Maritime and the inventors.
Autonomous robots can play an important role and radically change the way Equinor operate its subsea equipment, leading to reduced use of surface vessels and greener, safer and more cost-effective subsea operations.
“Equinor Ventures invests in technologies that can improve operations and be implemented into Equinor’s activities. Start-ups get to test their technology with a demanding customer which will accelerate the development of the technology. I am looking forward to Eelume’s deployment at the Åsgard field enabling further implementation elsewhere in Equinor’s operations,” says head of EV Gareth Burns.