Drift Energy produces green energy at sea using sailing vessels with underwater turbines and delivers it globally. The company introduces self-described world's first green energy yachts that generate, store, and distribute renewable energy.

Drift Energy

The world needs more green power!

Our mission is to solve the world's biggest problem, by using its biggest resource. Its oceans.

We do this by harvesting green hydrogen at sea and transporting it globally.

Our technology is creating a new class of renewable energy and lends DRIFT multiple advantages over existing classes of renewable energy.  We are viable in more places.  Produce more power, more of the time.  Are simpler to maintain. And are crucially up to 10x quicker to implement.

Please get in touch - we would love to share our story and talk careers, investment and technical partnerships.

DRIFT Energy Ltd

Thrilled to be featured on Sky News Business today! https://lnkd.in/eA3NBpy8 🚢 💚 🌊  

#DRIFT #renewableenergy #energytransition #alternativeenergy #sustainability #OceansOfEnergy #startups #UKtech #oceantech #hydrogen #cleanenergy #business

Mark Kleinman at Sky News broke the story earlier this week...and we are delighted to share the full announcement today. 📢  

Finding ways to generate green hydrogen is critical to decarbonising heavy industry, particularly for island nations with scarcer access to clean energy. 

It's now all systems go for laying the keel of the first ever net positive ship in 2025! 🙌 Let's create #OceansOfEnergy! 🌊  

Read about the latest investment in DRIFT, led by Octopus Ventures with support from Blue Action Accelerator, as well as an Innovate UK grant, here: 
https://lnkd.in/erQysMB7

#DRIFT #renewableenergy #energytransition #alternativeenergy #sustainability #startups #UKtech #oceantech #hydrogen #cleanenergy #business #Bath Zero Emissions Ship Technology Association (ZESTAs)

⛵️ Finding ways to generate green hydrogen will be critical to decarbonising heavy industry, particularly for remote island nations with scarcer access to clean power.

That’s exactly what DRIFT Energy Ltd is doing—building a fleet of high performance sailing vessels to capture wind energy, generate green hydrogen, then distribute it to coastal and island communities. 

They’ve just announced their £5M Series A led by Octopus Ventures, including our investment via Blue Action Accelerator and an Innovate UK grant. Congratulations to founder Ben Medland and the whole DRIFT team on this huge milestone, which looks set to enable production of their vessels from next year. 

Read all about their raise in Sky News (via Mark Kleinman): https://lnkd.in/eA3NBpy8

George Northcott | henry lane fox | Olivia Brooks | Rupert Hayward | Jeff Stoike | Melissa Halpern | Katie Morgan-Jones | Marie-Louise Hayward | Lee Bernasconi | Simon Lovick | Laura Moross | Mike Mackay | Neal Pawson CEng MRINA | Nigel Robinson

#oceantech #cleanenergy #greenhydrogen #cleantech #seriesA

Another leap forward towards making a real impact on the planet.

Smiles all round 😊😊😊 as we cut the ribbon and officially open DRIFT Energy’s first office, situated in the beautiful spa city of Bath in Somerset! 💦 

It’s fantastic to be among so many other exciting tech startups in the region, and we’ve been busy recruiting some amazingly talented people to join our growing team as we approach another important startup milestone. More coming soon about that…🤫
 
If you are in the area, our doors are always open for coffee ☕ and a chat!
 
SETsquared Bristol, Hydrogen South West - Accelerate the change, Zero Emissions Ship Technology Association (ZESTAs)

#startups #UKtech #oceantech #hydrogen #cleanenergy #business #Bath

If you enjoy reading about DRIFT, pop over and follow us on X/Twitter too to keep up with our latest news. More announcements coming soon...! 🤫🤐
👉 https://lnkd.in/eEbBtXdx

The team keeps growing! We are looking for a Project & Procurement Manager to join the team.
- Are you looking to make a difference in the push towards net zero?  
- Are you passionate about technical innovation and interested in putting your experience to work in a cutting-edge green tech company with potential for worldwide environmental impact?

If you answered yes to both questions, please reach out and apply! We would love to meet with you.

https://lnkd.in/diup5VbG

Following our article about DRIFT's recent participation in the 4th International Conference on SIDS, you can watch Ben Medland's speech at the #SIDS4 Private Sector Roundtable on the United Nations Web TV link below. 

Take a look and find out how and why we got started... 💨 👦🏻❔
https://lnkd.in/gHHHxpWT

...and here's the article link, in case you missed it! https://lnkd.in/e6y7iuCs 

#energytransition #greenenergy #oceantech #greenhydrogen #windpower

Notes from a Large Ocean Nation...

One month on from the #SIDS4  United Nations 4th International Conference on Small Island Developing States (SIDS) and DRIFT shares reflections on what we learned.

There is so much to be positive about.  The momentum and bias for action is incredible. And although there are big challenges that need rapid fixes... we stand by our commitment to work with the UN SIDS community to support their energy transition in our own unique way.

Enjoy the read - and shoot us a comment...

#DRIFT #DRIFTEnergyLTd #renewableenergy #energy #energytransition #alternativeenergy #sustainability #OceansOfEnergy

This fantastic video really captures the dynamism and positive mood of the recent FII Institute #FIIPriority event in Rio. We were honoured to be there and take part in the Pitch Competition. 🌎

Metric
Company Name	Drift Energy
Symbol
MSH ID	ENERGY:DRIFT
Market	PRIVATE
Sector	Energy
Industry	Renewable Energy
Country	US
Stage
Employee Count
Website	drift.energy
LinkedIn	drift-energy-ltd
Founders

Metric
Market Cap
Enterprise Value
Monthly Web Traffic
Web Traffic Growth
Valuation
Raised Capital

Metric
Revenue
Revenue (LTM)
Revenue (NTM)
Gross Profit
EBITDA
Operating Income
Net Income
EPS
Diluted EPS
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin
Operating Profit Margin
EBITDA Margin
Net Profit Margin
Return on Equity
Return on Assets
Return on Capital Employed

ENERGY:DRIFT

Drift Energy

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio
P/B Ratio
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio
EV Multiple

Metric
Days Sales Outstanding
Days Payables Outstanding
Days Inventory Outstanding
Operating Cycle
Cash Conversion Cycle
Asset Turnover

Metric
Operating Cash Flow
Free Cash Flow
Cash Flow to Debt
Operating Cash Flow/Sales
Free Cash Flow Yield

Metric
Cash & Equivalents
Accounts Receivable
Inventory
Goodwill
Debt to Capitalization
Debt to Assets
Current Ratio
Quick Ratio

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue
SG&A to Revenue