Nauticus Robotics(US:KITT)2022-11-22 16:45Market Opportunity & Problem - The total addressable market for maritime robotics is estimated at $30 billion[10] - The serviceable obtainable market is $6 billion[10] - Traditional offshore service vessels emit up to 70 MTCO2 per day[14] - Current vessels in the UK will pay a 50% fuel tax by 2030 and 100% by 2035[14] Nauticus Solution & Technology - Aquanaut can execute 80% more work due to its manipulation capabilities[16] - Aquanaut has a 200km range due to its 100kWhr Li-ion battery[17] - Nauticus' technology can achieve a 94-97% improvement in CO2 emissions compared to offshore service vessels[16] Financials & Growth - Nauticus' robotics-as-a-service model is projected to generate $5-8 million in annual revenue per Aquanaut[41] - The gross margins for the robotics-as-a-service model are expected to be 70%[41] - The company estimates a CAPEX of $4-7 million per Aquanaut[42] Target Market & Impact - UK offshore windfarms require $22 million of inspection, maintenance, and repair activities per 1 GW of installed capacity[18] - The UK market alone represents a potential need for 35 Aquanauts, translating to a $280 million market[18] - Worldwide, there was 56GW of installed offshore windfarms as of 2021, equaling a need for over 200 Aquanauts[19]