Member News: Verlume wins Company of the Year (Under 50 Employees) Award at the Subsea Expo Awards in Aberdeen

February 21, 2025
Member News: Verlume wins Company of the Year (Under 50 Employees) Award at the Subsea Expo Awards in Aberdeen

Verlume wins Company of the Year (Under 50 Employees) Award

At a prestigious event in Aberdeen, Verlume won the award for Company of the Year (Under 50 Employees) at the Global Underwater Hub Subsea Expo Awards.

A world leader in subsea power systems, Verlume was recognised for its overall business performance, including:

  • International business growth.
  • Competitive advantage through intelligent energy management.
  • Supply chain commitment.
  • Employee development.
  • Strong business policies that benefit the environment, economy and society.

Headquartered in Aberdeen, Verlume’s products are deployed globally in world-first projects across North America, Europe, and the UK. Its expertise is in subsea batteries and power management systems.

The company acts as a systems integrator, bringing together all relevant parts to make subsea power systems more reliable and efficient. An important part of its business model is remaining agnostic and flexible, meaning that it can work with any power input.

Eight awards were presented at the black-tie event on Wednesday, February 19th, with over 400 guests in attendance. The event celebrated the achievements of companies and individuals that are leading the way in the UK’s £9.2 billion underwater industry.

Richard Knox, chief executive officer at Verlume, said: “This award is such incredible recognition from Global Underwater Hub, validating our commitment to delivering world-class offshore power delivery projects.

“I am so proud of our team, with their unmatched technical capability in intelligent energy management, who are driven to push ‘status quo’ boundaries to redefine the global energy landscape from our HQ here in Aberdeen.

“Thank you to our customers, collaborators, investors, supply chain and friends for your continued support.”

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AREG has played an important role in the growth of Scotland’s renewable energy sector, engaging the supply chain and developing the European Offshore Wind Deployment Centre. However, we are only at the very beginning of the transition that AREG was established to both lead and support so there are still opportunities for companies to get into the constantly evolving renewables supply chain. We look forward to continuing our work together as renewables builds on its place as Scotland’s main source of power, and as we seek to deliver real change in the crucial areas of heat and transport.

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Aberdeen City and Shire is emerging as a key location for renewables by successfully transferring its world-class oil and gas expertise into the sector and AREG has done much to advance this through a broad range of initiatives. It has acted as a catalyst in driving further investment in the local economy by engaging with companies, Government, public bodies and existing projects and we have been pleased to support their efforts. Scottish Enterprise will continue to engage with AREG as we increase Scotland’s use of renewable energy.

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