Ocean Tech: Transformers

Vanessa Cook

November 2024

The ocean covers 75% of the Earth's surface, contains 97% of its water, supports 80% of global trade volumes, and represents 99% of the living space on the planet by volume. It also generates over half of the world's oxygen. Yet, despite how critical the ocean is to both our existence and our transforming world, the opportunities it offers are too often overlooked.
Bank of America Institute's three-part 'Ocean Tech' series explores ocean technologies through three lenses: transformers, explorers, and savers – all focused on entry points that interrelate with the ocean.
The first installment discusses 'transformers' and includes ideas and technologies that have the potential to help us adapt to the ocean and unlock its resources. Here we explore everything from subsea cables and underwater data centers, to marine pharmacology and ocean real estate.

Read our full analysis for a more in-depth look at these trends.

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Ocean Tech: Transformers

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