Kraken Receives $14 Million Order for Subsea Power Systems

Kraken Robotics Inc. has received an initial order for subsea batteries valued at $14 million, which includes a significant advance payment. Deliveries will occur in 2023.

Kraken’s SeaPower® 6000-meter rated pressure tolerant batteries are based on Kraken’s unique pressure tolerant gel encapsulation technology for lithium polymer batteries. This provides an attractively priced, environmentally friendly, and superior energy density alternative to the traditional oil compensated batteries commonly used for deep subsea battery applications. Kraken’s hot swappable batteries are modular and include an integrated battery management system within each battery module which provides a very high level of redundancy and safety.