Nysnø invests in the Norwegian Water Technology Company Flocean

A Sustainable Solution to Water Scarcity 

Flocean, a pioneer in subsea desalination technology, has successfully closed its Series A funding round, raising 90 million NOK. The round was led by Burnt Island Ventures, Nysnø Climate Investments and Freebird Partners, with additional support from Norway- and U.S.-based energy and ocean industry investors.  

The funding round positions Flocean to expand globally. By deploying its patented technology, the company will offer a sustainable and robust solution to freshwater scarcity. 

– The market for innovative solutions in subsea desalination is both substantial and critically important. Current seawater desalination plants are highly energy-intensive and contribute to over 400 million tons of CO₂ emissions annually. Flocean has developed ground-breaking technology that enables stable and climate-friendly freshwater production,” says John Egil Johannessen, Investment Manager at Nysnø Climate Investments.  

– With expertise from its parent company, FSubsea, which has installed over 70 deep-water pumps, Flocean is well-positioned to deliver sustainable, scalable, and reliable solutions for freshwater supply. It is great to see that expertise from Norway’s oil and gas industry can be applied to address a global challenge with new Norwegian technology, Johannessen adds. 

Freshwater Shortage Increases Globally 

As freshwater shortages intensify, with the UN forecasting a 40 percent deficit by 2030, traditional desalination remains energy intensive. It produces significant CO₂ emissions and brine, which threaten marine biodiversity. Conventional land-based facilities are also vulnerable to environmental disruptions and geopolitical risks. 

Flocean’s subsea desalination solution addresses these challenges. By installing the desalination plant subsea at ocean depths of 400–600 meters, the technology reduces energy consumption by up to 50 percent, without releasing brine. The solution requires 95 percent less land area than land-based plants, is resilient against seasonal storms and algae blooms and offers enhanced security underwater – a critical factor for ensuring stable national water supplies. 

“Flocean’s mission is to address global water scarcity through an ocean- and climate-friendly approach, and this mission aligns closely with the values and goals of its strategic investors. The capital raised will drive Flocean’s scaling efforts and support the deployment of commercial subsea desalination projects around the world,” says Alexander Fuglesang, CEO of Flocean.   

 

About Flocean 

Flocean AS is the developer of Flocean Desal. The company was spun off from FSubsea, a fifth-generation Norwegian family business, in 2024. Headquartered in Oslo, Flocean focuses on designing and delivering climate-friendly, cost-effective and robust subsea pumping systems, including Flocean. 

About Nysnø Climate Investments 

Nysnø Climate Investments is the Norwegian state’s climate investment company. Nysnø invests in companies and funds with technology for reducing greenhouse gas emissions. With a managed capital of 5,4 billion NOK, Nysnø invests in renewable energy, digital technologies, resource efficiency, sustainable consumption and circular economy. Nysnø is headquartered in Stavanger and is owned by the Ministry of Trade, Industry and Fisheries. For more information visit https://www.nysnoinvest.no/en/.