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Optics11 has secured a €25 million venture debt agreement with the European Investment Bank to enhance the research, development, and commercialization of fiber-optic monitoring technologies for underwater and high-voltage grid infrastructure. This financing, part of the InvestEU program, aims to improve platforms that detect vibrations and acoustic signals in harsh environments, thereby providing early warnings for subsea cables and pipelines. Meanwhile, Greece is preparing for offshore exploratory drilling in the Ionian Sea and south of Crete by 2026, supported by Energean, ExxonMobil, and Chevron, to tap into significant natural gas reserves.