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Iver3

When you look at the Ocean Business today, where – by region or market sector – do you see opportunity, and why?

Autonomous

I think it’s food. (Considering that both the defense and oil and gas markets are

Underwater already more mature in this sense, and perhaps not the best candidates for disrup- tive technologies). There are also huge opportunities in marine renewable energy;

Vehicles this is high velocity growth but it’s starting from nothing, so it’s not that big yet.

But if you look at food from the ocean. I think disruptive opportunities around the use of science and technology in food extraction presents a big opportunity. The challenge is that more of the world’s population is going to be reliant on protein from the sea; the carbon footprint is lower than it would be for livestock; on the other hand the level of CO2 emitted per pound of

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