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The latest update is out from Ocean Sun AS ( (DE:OW7) ).
Ocean Sun has launched a strategic review to explore options for accelerating the global roll-out of its floating solar technology, engaging Fearnley Securities as financial adviser to assess potential pathways. The company reports that its patented, water-cooled membrane-based PV system is commercially proven, with 14 projects across seven countries and a post-Soneva Secret project pipeline that is several times its current installed capacity, reflecting rising interest from developers, utilities and industrial customers and signaling a potential inflection point in its commercial scale-up.
More about Ocean Sun AS
Ocean Sun AS is a technology company in the renewable energy sector that develops and supplies floating solar power solutions. Drawing on Norwegian maritime expertise and photovoltaic know-how, it has patented a system that mounts solar modules on hydro-elastic membranes, aiming to deliver cost and performance advantages over conventional floating PV. With offices in Oslo, Singapore and Shanghai, the company targets inland and near-shore water sites globally and aspires to become a leading provider of floating solar technology.
Average Trading Volume: 59,393
Current Market Cap: NOK77.1M
For a thorough assessment of OW7 stock, go to TipRanks’ Stock Analysis page.