DeepVerge has been awarded a two-year environmental monitoring and remediation contract with environmental technology company MèreMer for its Blue Carbon Resilience project.
Focused on the coastlines of Georgia and South Carolina, the contract is worth £2.4mln in aggregate and will be conducted on multiple salt-marsh sites owned and managed by the Georgia Ports Authority and the National Oceanic and Atmospheric Administration.
Development work for this project has been underway since the first half of the year, said DeepVerge, and payment of microbiome testing and software licence fees will be in this financial year.
Turnover for the work will be split between £0.8mln in the current financial year and £1.6min in 2023.
DeepVerge added various of its divisions are involved from Labskin providing environmental microbiome analysis; monitoring and membrane technology and equipment from Modern Water and software analysis and AI from Rinocloud.
Gerard Brandon, DeepVerge’s CEO, said: "This is the largest deployment of our EcowaterOS initiative, which was launched in February 2020 and that envisaged a complete solution for managing a water ecosystem.
“The planet's ability to sequester carbon is part of its survival and the Blue Carbon Resilience project is a giant step forward in creating a complete solution for monitoring a complex ecosystem to empirically prove its ability to sequester carbon.”
Ross Walker MèreMer’s chief operating officer, added: "This is a ground-breaking project. A world-first, which will establish new standards and methodologies for vital salt marsh habitats.
"The approach being deployed is fully scalable to over 13 million acres internationally and it's supported by many of the leading bodies in positive marine climate action.”