Dublin Offshore Technology, an Irish developer of high-performance permanent mooring systems for offshore energy projects, has secured strategic investment from Shimizu Corporation, a Japanese construction and engineering group, to accelerate international expansion and strengthen positioning in the offshore wind supply chain, according to Business Plus.

The funding round, structured as a share subscription agreement, was led by Shimizu's corporate venture capital arm, marking the first transaction where the Japanese group's CVC team assumed the lead investor role. Enterprise Ireland participated in the round, backing the company as it prepares for international scaling.

Dublin Offshore Technology develops permanent mooring systems designed to reduce costs and risks associated with offshore energy projects, particularly floating offshore wind installations. The latest funding enables expansion of technical capabilities, increased capacity and accelerated commercial growth in overseas markets.

Masanobu Onishi, executive vice president of Shimizu Corporation, said: "Shimizu Corporation is focusing on the offshore wind sector to realize a sustainable society. DOT's technology has the potential to be a game-changer in the industry. Through this investment, we look forward to deepening our partnership and pioneering the future of new energy together."

Darren Hayes, director of Dublin Offshore Technology, described the transaction as a pivotal moment for the business. "This investment marks a pivotal moment in our mission to reduce the risk and cost of high-performance permanent mooring systems," he stated. The development builds directly on groundbreaking innovation which has now reached conclusion with certification issued by DNV, strongly validating engineering expertise.

The investment formalises a collaboration between Dublin Offshore Technology and Shimizu that has existed for more than three years. The partnership is expected to support new joint projects in the Asia-Pacific region, where Shimizu maintains an established presence. The funding round received backing from existing shareholder ESB, which made the original seed investment in 2023.

Explore comprehensive details on the strategic investment and international expansion plans in the complete report.