Kraken Robotics bags $13M in subsea battery orders

Canada-headquartered marine technology player Kraken Robotics has secured $13 million in orders for its SeaPower subsea batteries from existing clients. 

Rated for depths of up to 6,000 meters, these batteries deliver twice the energy density and are 46% lighter per kWh compared to traditional pressure-housed models, according to Kraken Robotics.

“With underwater robotics, there are always design trade-offs between size, weight, power and cost requirements,” said Greg Reid, President and CEO of Kraken Robotics. 

“To increase endurance, designers typically need to increase the size and weight of a vehicle. But with Kraken’s SeaPower batteries, they can get the best of both worlds, providing some of the highest energy density and most cost-effective subsea energy storage systems available. Our batteries are in active use worldwide, and have been field proven by customers in commercial and defense, often doubling the endurance of their vehicles when compared to alternative solutions.”

Kraken’s SeaPower batteries use a proprietary polymer encasing, eliminating the need for pressure housing or oil compensation. This design creates more space, allowing for increased energy capacity.

While the batteries are currently integrated into large and extra-large uncrewed underwater vehicles (UUVs) globally, the Canadian firm plans to expand solutions for small and medium-sized UUVs in the coming year.

Just recently, the marine technology player unveiled that it secured $45 million through a public offering, with the net proceeds to be used for the company’s long-term strategy, including expansion and acquisitions, among others.

The company reported in May that it had a “strong start” to 2024 for its Service business with $11 million of new contracts secured since the beginning of the year.