SWEN Blue Ocean Publishes 2024 Impact Report: Advancing Scalable Solutions for Ocean Regeneration

This marks the second full deployment of the Ocean Impact Navigator (OIN) across the Blue Ocean portfolio, reinforcing the OIN’s role as a robust and scalable impact measurement framework. With more companies reporting quantitative data, the report reveals promising trends, including aquaculture technologies preserving thousands of tons of biomass and shipping innovations avoiding tens of thousands of tons of CO₂ emissions. These results demonstrate the systemic potential of ocean impact innovation to deliver measurable environmental benefits.

Last year, Blue Ocean added five new investments across its three strategic verticals: solutions to ocean overexploitation, solutions to ocean pollution, and marine-based solutions to climate change. Our 2024 investments exemplify the systemic impact, scalable solutions, and return potential of our strategy.

For example, Tidal Vision extracts chitosan from discarded crab shells to create biodegradable products for agriculture, water treatment, and materials industries. One of the applications is a biostimulant that reduces the need for nitrogen fertilizer by up to 25%, reducing eutrophication of the ocean from agricultural runoffs. Meanwhile, MiAlgae produces omega-3 (DHA) from microalgae fermentation using whiskey wastewater as a feedstock. MiAlgae’s product is a substitute to fish oil – a feed ingredient for aquaculture made from forage fish. Given the global supply of whiskey wastewater, MiAlgae’s technology could be used to produce multiple times the existing DHA demand, helping address overfishing for fish oil at scale.

Beyond individual investments, SWEN CP continues to play an active role in building a thriving ocean impact innovation ecosystem. Collaborations with partners such as 1000 Ocean Startups and BlueInvest have expanded the fund’s reach across Europe, North America, and Asia, helping to source new opportunities, review emerging scientific developments, and strengthen ties with fellow impact investors.

With nineteen investments completed by the end of 2024 and one more added in early 2025, the Blue Ocean fund has reached the end of its investment period. The next phase will focus on supporting the growth of portfolio companies and unlocking both impact and financial value through follow-on investments.

We invite you to explore the full report and welcome your feedback.