[11] In 2023 the Schmidt Ocean Institute completed the retrofit of a multi-role offshore support vessel into a 110 m long state-of-the-art mobile research facility named RV Falkor (too) .

[12] The RV Falkor (too) has 8 laboratories, three multibeam echosounder arrays, seven over-the-side launch and recovery handling systems for science equipment and one of the largest cranes on a research vessel.

[14] Researchers aboard R/V Falkor have discovered many new species,[15][16][17] as well as new seafloor features and environments utilizing the ships onboard mapping technologies and ROV SuBastian.

During the Microbial Mysteries expedition, researchers discovered large venting mineral towers that reach up to 23 meters in height featuring volcanic flanges that create the illusion of looking at a mirror when observing the superheated hydrothermal fluids beneath them.

[17] Expeditions on R/V Falkor have more than doubled the number of known hydrothermal vent sites in the Mariana Back-arc region and discovered a recently-erupted underwater lava field.

Some of Schmidt Ocean Institute's outreach activities include public ship tours, ship-to-shore connections, art exhibits, weekly blog posts, and social media updates.