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Kraken Robotics Announces $35 Million in SeaPower(TM) Battery Sales

By The Northwire Desk — AI Analysis Jan 13, 2026 · 06:30 PNG · 8.43 Kraken Robotics Inc.
PNG · Price

Executive Summary

  • Kraken Robotics announced secured battery sales totaling $35 million to three undisclosed customers.
  • The sales pertain to the company’s SeaPower high‑energy‑density batteries for unmanned underwater vehicles (UUVs).
  • New manufacturing capacity in Nova Scotia will begin operations in Q1 2026, supporting anticipated growth in UUV power demand.

Key Details

  • Total contract value: $35 million across three unnamed customers.
  • Product: SeaPower batteries offering 200% greater energy density and 46% lower weight per kWh versus traditional oil‑compensated or pressure‑housed batteries.
  • Target applications: Defence, commercial, and marine research UUV platforms ranging from extra‑large (XLUUV) to small (SUUV).
  • Manufacturing expansion: New battery manufacturing facility in Nova Scotia slated to start operations in Q1 2026, adding North American production capacity alongside existing European operations.
  • CEO comment: Greg Reid highlighted “increasing momentum on our SeaPower battery sales” and the company’s positioning to supply power systems across a rapidly growing UUV segment.

Notable Quotes

“We’re pleased to see increasing momentum on our SeaPower battery sales and look forward to continued strong growth with our current UUV customers and to integrating on several new platforms throughout 2026.” – Greg Reid, President and CEO

All boilerplate, forward‑looking statements, and contact information have been omitted for brevity.

Read the original news release →

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