SeaTwirl, Floating Power Plant Secure EU Funding

Business & Finance

SeaTwirl and Floating Power Plant have joined the Ocean Energy Scale-Up Alliance (OESA) which has been granted funding from the Interreg North Sea Region.

OESA, which is coordinated by the Dutch Marine Energy Center, has been granted funding from Interreg North Sea Region for a three-year project which aims to accelerate the deployment of large-scale ocean energy pilots in the North Sea. 13 partners are tied to OESA, where eight of the partners will provide services for the pilot projects of the remaining five.

The service providers are Dutch Marine Energy Center, European Marine Energy Centre, Offshore Renewable Energy Catapult (UK), Aalborg University (DK), Danish Wave Energy Centre, ÅKP (Blue Maritime Cluster, NO), Uppsala University (SE) and SSPA Sweden.

The Denmark-based Floating Power Plant has developed the P80 wind-wave energy platform that hosts a single wind turbine ranging from 5MW to 8MW and integrates a wave energy device with a capacity between 2MW and 3.6MW, depending on the wave resource.

Sweden’s SeaTwirl is developing a floating vertical axis wind turbine (VAWT) placed on an underwater structure, which consists of a buoyancy component and a keel at its lowest point.

The alliance will also engage policy-makers, offshore companies and investors to pave the way for future developments. For SeaTwirl, the membership means access to consultancy services as well as funding of EUR 433,952 for developing the turbine.

“We are very happy to be part of this alliance and this project and of course also for the money from the grant. There is a lot of expertise and experience available around the North Sea region that we can now more easily tap into and gain support from on our way to building a cost-efficient wind turbine,” said Gabriel Strängberg, CEO of SeaTwirl.

Interreg is part of the structural and investment policy of the European Union. Interreg North Sea Region supports development and fosters sustained economic growth across the North Sea Region.