deep sea collaboration
Houston-based underwater robotics company taps energy giant for new partnership
Webster-based Nauticus Robotics, a developer of offshore subsea and surface robots and software, has entered a strategic partnership with Scottish energy consulting and engineering firm Wood, which employs about 11,000 people in Houston.
Nauticus and Wood are teaming up to grab a share of the $2.5 trillion-a-year marketplace in the ocean economy.
“This is a great example of the offshore digitization effort and novel use of emerging offshore robotics. Combining these two innovations make perfect sense,” says Todd Newell, senior vice president of business development at Nauticus.
In the long term, Nauticus hopes to replace large human-operated ships that deploy submersible vehicles with its own fleet of green subsea and surface ocean-going robots. Its robots are Hydronaut, a small surface vessel that can be operated by people, and Aquanaut, a tetherless underwater robot. The technology is aimed at sectors such as offshore renewables, oil and gas, government, and aquaculture.
In December, Nauticus and Greenwich, Connecticut-based CleanTech Acquisition Corp., a special purpose acquisition corporation (SPAC), signed a deal that would result in Nauticus becoming a public company. The SPAC merger, expected to close before June 30, would value Nauticus at $561 million.
Nauticus generated revenue of about $8.2 million in 2021. Revenue is projected to exceed $90 million in 2023. The company was founded in 2014 as Houston Mechatronics; it rebranded last year.
Wood generated more than $6.4 billion in revenue last year. It employs about 40,000 people around the world.