ST. JOHN’S, NEWFOUNDLAND, February 26, 2025 — Kraken Robotics Inc. announces that it has received orders totaling $34 million for SeaPower™ pressure tolerant batteries from three clients.
In addition, Kraken has signed a lease to open a new battery production facility in Nova Scotia to meet rising defense market demand for uncrewed underwater vehicles (UUVs).
“With the emergence of new larger classes of UUVs and greater adoption of these platforms in naval fleets, reliable subsea power requirements are increasing,” said Greg Reid, President and CEO of Kraken Robotics. “These new orders illustrate the robust customer demand we have for Kraken’s SeaPower batteries across the U.S., Europe, and Asia Pacific.”
One order, totaling $31 million, represents Kraken’s largest battery order to date. The client, who cannot be named at this time, provides UUVs to the defense industry. Two commercial clients with UUVs also placed orders totaling $3 million.
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