Chinese company unveils floating technology that could generate energy on the surface of the ocean — here's what you need to know
The NT10/60GT floating solar module is built for extreme durability. Its dual-glass construction and four-layer waterproof design can handle high humidity, saltwater exposure, and wind, making it one of the most rugged and reliable floating photovoltaic (FPV) systems on the market.
The panel delivers a peak efficiency of 21.78% and an electrical output between 460 and 490 watts. Built on a flexible membrane connected to a floating platform, it's engineered to rise and fall with the ocean, secured by prefabricated rails. An anodized aluminum frame resists salt spray corrosion, while the frameless design reduces aluminum use and keeps costs lower, all without sacrificing strength or performance.
Unlike traditional solar farms, which can disrupt ecosystems, take up large land areas, and overheat, floating systems like this cool naturally and leave habitats largely undisturbed. By taking solar offshore, these panels expand access to clean power in regions where land space is limited or expensive.
Offshore FPV technology could be a game changer for coastal cities, island communities, and offshore industries. Some researchers believe it may even replace offshore oil rigs by tapping into existing subsea power infrastructure. While full life-cycle costs are still being evaluated, recent studies show that semi-submersible designs anchored with durable ropes can withstand harsh ocean conditions and provide added stability.
In addition to supporting a more stable global energy supply, clean power like this directly benefits human health by reducing pollution linked to respiratory illnesses, cancer, and neurological conditions. By decentralizing energy generation, floating solar can give more communities control over their power, potentially even enabling peer-to-peer energy trading in the future.
Installing solar panels at home is one of the most impactful ways to cut your energy bills, increase your home's value, and reduce pollution. In fact, it's one of the easiest home energy hacks, helping you bring energy costs down to or near $0.
EnergySage offers a free tool to compare quotes from vetted local installers and save up to $10,000 on solar installations. Going solar also makes running other money-saving electric appliances, like heat pumps, even cheaper. Services like Mitsubishi can help you find the right affordable heat pump for your home.
Consumers may see this FPV technology deployed sooner than expected. In February, Ocean Sun partnered with Singapore-based Canopy Power to roll out floating solar systems in Australia, addressing land and water scarcity while scaling up renewable energy access.
Should we be harnessing the ocean to power our homes?
Absolutely
Leave it be
It depends
I'm not sure
Click your choice to see results and speak your mind.
Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Wire
15 minutes ago
- Business Wire
Comvest Credit Partners Supports Refinancing of Juvare by Five Arrows
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on a senior secured credit facility for Juvare (the 'Company'), an Atlanta-based leading global provider of emergency preparedness and response technology. The transaction supported the refinancing of Juvare by Five Arrows, the alternative assets arm of Rothschild & Co, which acquired the Company in 2020. 'We were pleased to deliver a customized financing solution that aligns with Juvare's strategic objectives,' said Joe Higginbotham, Managing Director and Co-Head of Software & Technology at Comvest Credit Partners. Juvare delivers a suite of critical operations and emergency response software solutions that empower organizations across every sector to manage incidents with greater speed, clarity, and impact. At the heart of Juvare's offerings is its industry‑leading WebEOC Nexus operating platform, a trusted cornerstone in emergency response operations for public sector agencies and critical infrastructure industries worldwide. From government and defense agencies to healthcare providers, corporations, academic institutions, and public health organizations, Juvare equips stakeholders with the technology and intelligence they need to anticipate, respond, and recover from any crisis with confidence. 'We were pleased to deliver a customized financing solution that aligns with Juvare's strategic objectives,' said Joe Higginbotham, Managing Director and Co-Head of Software & Technology at Comvest Credit Partners. 'Juvare is a clear market leader, with solutions deeply embedded in the critical incident response infrastructure of many organizations. As disaster declarations become more frequent, the demand for robust emergency management platforms will continue to grow.' 'We look forward to supporting Five Arrows in Juvare's ongoing growth,' said Tom Goila, Partner at Comvest Credit Partners. 'Five Arrows has an outstanding reputation in the market. We expect this will be a fruitful partnership and hope to continue to collaborate on other high-quality companies in the future.' 'Comvest Credit Partners' deep domain expertise in the software sector allowed them to assess the opportunity with speed, clarity and conviction. Their informed approach and tailored financing solution helped us successfully position Juvare for its next phase of growth,' said Vivek Kumar, Partner, at Five Arrows. About Juvare Juvare, headquartered in Atlanta, GA, is a pioneer in critical workflow software, empowering government agencies, corporations, healthcare facilities, academic institutions, and nonprofits with the tools to manage incidents swiftly and efficiently, safeguarding people, property, and brands. For more information, visit About Five Arrows Five Arrows is the alternative assets arm of Rothschild & Co and has more than €29 billion in assets under management, with offices in Paris, London, New York, Los Angeles, San Francisco, and Luxembourg. With more than €10 billion of assets under management, the corporate private equity business of Five Arrows is focused on investing in companies with strong management teams; business models with high visibility of organic unit volume growth and strong unit economics; and multiple operational levers that can be used to unlock latent value. Sectors are limited to data and software, technology–enabled business services, and healthcare. For more information, visit: About Comvest Credit Partners Comvest Credit Partners, the direct lending platform of Comvest Partners, focuses on providing flexible financing solutions to middle-market companies. Comvest Credit Partners provides senior secured, unitranche, and second lien capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations, with credit facilities up to $300 million-plus. For more information, please visit About Comvest Partners Comvest Partners ('Comvest') is a private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and opportunistic credit investment platforms, Comvest offers tailored investment solutions across the capital structure along with deep industry expertise, operating resources, a collaborative approach, and significant transaction experience as an active investor. In 2025, Comvest Partners proudly celebrates 25 years of investment management leadership, and today manages $16.6 billion in assets, with over $19.2 billion invested since inception. Comvest Partners is based in West Palm Beach, with offices in Chicago and New York City. For more information, please visit


NBC News
16 minutes ago
- NBC News
OpenAI's Sam Altman sees AI bubble forming as industry spending surges
OpenAI CEO Sam Altman thinks the artificial intelligence market is in a bubble, according to a report from The Verge published Friday. 'When bubbles happen, smart people get overexcited about a kernel of truth,' Altman told a small group of reporters last week. 'Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes. Is AI the most important thing to happen in a very long time? My opinion is also yes,' he was quoted as saying. Altman appeared to compare this dynamic to the infamous dot-com bubble, a stock market crash centered on internet-based companies that led to massive investor enthusiasm during the late 1990s. Between March 2000 and October 2002, the Nasdaq lost nearly 80% of its value after many of these companies failed to generate revenue or profits. His comments add to growing concern among experts and analysts that investment in AI is moving too fast. Alibaba co-founder Joe Tsai, Bridgewater Associates' Ray Dalio and Apollo Global Management chief economist Torsten Slok have all raised similar warnings. Last month, Slok stated in a report that he believed the AI bubble of today was, in fact, bigger than the internet bubble, with the top 10 companies in the S&P 500 more overvalued than they were in the 1990s. In a Monday email to CNBC, Ray Wang, research director for semiconductors, supply chain and emerging technology at Futurum Group, said that he thought Altman's comments carry some validity, but that the risks are company-dependent. 'From the perspective of broader investment in AI and semiconductors... I don't see it as a bubble. The fundamentals across the supply chain remain strong, and the long-term trajectory of the AI trend supports continued investment,' he said. However, he added that there is an increasing amount of speculative capital chasing companies with weaker fundamentals and only perceived potential, which could create pockets of overvaluation. Many fears of an AI bubble had hit a fever pitch at the start of this year when Chinese start-up DeepSeek released a competitive reasoning model. The company claimed one version of its advanced large language models had been trained for under $6 million, a fraction of the billions being spent by U.S. AI market leaders like OpenAI, though these claims were also been met with some skepticism. Earlier this month, Altman told CNBC that OpenAI's annual recurring revenue is on track to pass $20 billion this year, but that despite that, it remains unprofitable. The release of OpenAI's latest GPT-5 AI model earlier this month had also been rocky, with some critics complaining that it had a less intuitive feel. This resulted in the company restoring access to legacy GPT-4 models for paying customers. Following the release of the model, Altman has also signaled more caution about some of the AI industry's more bullish predictions. Speaking to CNBC, he said that he thought the term artificial general intelligence, or 'AGI,' is losing relevance, when asked whether the GPT-5 model moves the world any closer to achieving AGI. AGI refers to the concept of a form of artificial intelligence that can perform any intellectual task that a human can — something that OpenAI has been working towards for years and that Altman previously said could be achieved in the 'reasonably close-ish future. ″ Regardless, faith in OpenAI from investors has remained strong this year. CNBC confirmed Friday that the company was preparing to sell around $6 billion in stock as part of a secondary sale that would value it at roughly $500 billion. In March, it had announced a $40 billion funding round at a $300 billion valuation, by far the largest amount ever raised by a private tech company. In The Verge article on Friday, the OpenAI CEO also discussed OpenAI's expansion into consumer hardware, brain-computer interfaces and social media. Altman also said that he expects OpenAI to spend trillions of dollars on its data center buildout in the 'not very distant future,' and signaled that the company would be interested in buying Chrome if the U.S. government were to force Google to sell it. Asked if he would be CEO of OpenAI in a few years, he was quoted as saying, 'I mean, maybe an AI is in three years. That's a long time.'

Business Insider
16 minutes ago
- Business Insider
Tesla teases a new Model Y L variant is 'coming soon' in a video posted to Chinese social media
A new Tesla variant is coming around the corner. On Monday, Tesla posted a video of the upcoming Model Y L to its account on Weibo, a Chinese social media platform. Translated from Chinese, the post said that the vehicle was "coming soon." The video shows three rows of seats, the back two of which fold forward. The middle row of the vehicle features two stand-alone "captain chairs," which also appear to have new powered armrests that rise up. While the captain chairs in the Model X only tilt forward, these chairs appear to fold all the way down for more storage space. The video also shows a black headliner, the material on the vehicle's ceiling, and a new logo stamped on the back, with two small accents added to the traditional Model Y badge. News of Tesla's plans for a six-seat rendition of its Model Y first broke in 2024, when sources told Reuters that the vehicle would launch the following year in China. In July, Tesla registered plans for the Model Y L with a wheelbase of 3,040 mm, according to a filing viewed by the news outlet. The filing also indicated that the Model Y L would be almost 200 mm longer than the Model Y. The Model Y is the most popular SUV in China. China is Tesla's second-largest market, though the company's sales have been sagging in the region amid fierce competition from BYD, Xiaomi, and Xpeng. Tesla sold 129,000 vehicles in China in the second quarter of 2025, down nearly 12% year-over-year. BYD sold 1.76 million battery electric cars in 2024. Tesla sold 1.79 million cars that same year, edging out its Chinese competitor. The Chinese smartphone and electric vehicle company Xiaomi recently launched its own SUV, underpricing Tesla. Chinese EV startup Xpeng also released a Model Y competitor below the Model Y sticker price. It is not yet clear whether Tesla plans to launch the Model Y L in the United States. The vehicle's price and launch date have yet to be announced.