We are delighted become part of Ventex Studio, a hugely exciting climate tech venture studio based here in the UK. Read more about the deal here 👇
𝐑𝐨𝐯𝐭𝐞𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐚𝐜𝐪𝐮𝐢𝐫𝐞𝐝 𝐛𝐲 𝐕𝐞𝐧𝐭𝐞𝐱 🤝 Rovtech has become part the Ventex portfolio of companies. Rovtech has a global track record in the design and manufacture of precision harsh environment robotic sensors, monitoring and intervention systems capable of withstanding radiation, extreme heat, and deep ocean environments and serves the nuclear and subsea energy sectors in the US, Japan, France, and the UK. Rovtech has a growing addressable market in the energy transition with offshore wind, new build nuclear, and the decommissioning of large legacy nuclear and oil & gas portfolios worldwide. We believe that Rovtech’s offering aligns perfectly with recent policy announcements by governments and private sector capital investment. The acquisition on Rovtech follows Ventex investments in Aberdeen-based HPR ROV and decommissioning-focused artificial intelligence firm Rahd AI, headquartered in Perth, Australia. HPR is broadening its expertise by extending its cost-efficient inspection services from the oil and gas sector to also encompass the offshore wind market. This strategic move aims to deliver significant cost savings. Meanwhile, Rahd’s AI technology is poised to dramatically reduce decommissioning costs for North Sea operators. Robert Aitken | Stuart McLeod | Steven Gray #energytransition #oilandgas #climatetech #offshorewind #nuclear