The Provincial Government, through the Innovation and Business Investment Corporation, provided PanGeo Subsea a non-repayable contribution of $715,822 to design and develop the SBI SeaKite to meet the needs of the market. To leverage this investment, PanGeo Subsea is contributing $577,315, and TenneT GmbH is providing a vessel and crew time, valued at $300,000, in order to field test SeaKite. Read more