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Verlume
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Short description

Developer of subsea battery energy storage and management system

Founded in 2013
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector energy storage

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters United Kingdom Bridge of Don, United Kingdom
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Updated by Hattie Partner at on 06/09/2025

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Date Partner Type
01/12/2023
Columbia Power Technologies Columbia Power Technologies
Partnership with Verlume, CPower, Saab, Biosonics and FranaTech to test wave power in Hawaii.
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Confirmed by Columbia Power Technologies
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IPO INFORMATION

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Date Investors Type Amount
04/24/2023 Scottish National Investment Bank Scottish National Investment Bank , Par Equity Par Equity (2)
Post-money valuation of
These funds will be used to support operations and technology deployment.
Series A $8,924,652
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