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SeaTwirl SIGNED

The first robust and cost-effective floating vertical axis wind turbine for deep water offshore

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EC-Contrib. €

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 SeaTwirl project word cloud

Explore the words cloud of the SeaTwirl project. It provides you a very rough idea of what is the project "SeaTwirl" about.

sectors    tam    turbines    power    waters    installed    first    regardless    acquire    decex    connection    clean    wind    certain    water    competitive    marine    7mw    provides    invest    horizontal    ebitda    too    safe    10mw    frequent    steadier    opex    cheaper    disruptive    105m    7    moving    struggle    46    placed    floating    world    lcoe    20    few    industry    fixed    gt    mw    capex    carry    sell    smaller    19    thereafter    coastal    public    closer    jobs    2017    118    seatwirl    revenues    environment    vertical    turbine    uses    economic    works    250    municipalities    direct    oil    cover    parts    5m    3    570    rigs    2025    stronger    npv    competition    service    pave    marked    maintenance    offshore    22    grow    cagr    44    capacity    50m    groups    our    irr    buyer    noise    larger    fish    market    farms    buoy    14    energy    islands    s2    create    ones    gas    limitations    helps    2028    birds    buoyancy    advantages    scalable    mainly    opens    onshore    weight    axis    direction    solutions    3m    huge    grid    indirect    fastest    wish    30mw    companies    spar    vast    levels    combines    isolated    protect   

Project "SeaTwirl" data sheet

The following table provides information about the project.

Coordinator		 SEATWIRL AB 

Organization address
address: ERIK DAHLBERGSGATAN 11A
city: GOTEBORG
postcode: 411 26
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.
 Coordinator Country Sweden [SE]
 Total cost 3˙545˙750 €
 EC max contribution 2˙482˙025 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-2
 Funding Scheme SME-2
 Starting year 2019
 Duration (year-month-day) from 2019-09-01   to  2021-08-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SEATWIRL AB SE (GOTEBORG) coordinator 2˙482˙025.00

Map

 Project objective

Offshore wind is stronger, steadier and more frequent than onshore. Existing solutions in this industry are bottom-fixed and floating wind turbines, both based on Horizontal Axis Wind Turbines technology and marked by certain limitations. Bottom-fixed turbines can only be installed in waters of up to 50m depth, while floating ones struggle to produce energy at a competitive cost, mainly due to very high CAPEX/OPEX. SeaTwirl opens up this vast market potential with a disruptive offshore turbine that combines the Vertical Axis Wind Turbine technology with an effective and smaller spar-buoy. SeaTwirl has key advantages over competition: -Economic: it’s cheaper; has -14% CAPEX, -22% OPEX & -46% DECEX, less service & maintenance; -20% LCoE. -Technical: few moving parts; works regardless of wind direction; can be placed closer together; provides power continuously; uses the water’s buoyancy to carry the weight. -Environment: clean energy; low noise levels; safe for birds; helps protect marine environment. SeaTwirl is highly scalable too. First, we will develop S2, a 1-MW turbine which will pave the way for larger ones: 7MW (2025), 10MW (2028) & >30MW thereafter. SeaTwirl will cover the needs of offshore users without connection to a power grid: a) Isolated public municipalities (Islands/Coastal areas), b) Offshore industry companies (fish farms/oil & gas rigs). We will target these 2 buyer groups, who will acquire S2 for their own use, as well as energy distribution companies that will provide with energy those who do not wish to invest in S2. This project is key for our further development and our huge potential: the offshore wind industry is one of the world’s fastest growing sectors, estimated to grow at a CAGR of 7.7% by 2017-2025. By 2025, we expect to 1) sell 118 MW installed capacity (from a TAM of 2.570 MW); 2) reach over €105M revenues, €19,5M EBITDA, an estimated NPV of €14,3M & an IRR of 44,3%; and 5) create over 50 new direct jobs & about 250 indirect jobs.

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The information about "SEATWIRL" are provided by the European Opendata Portal: CORDIS opendata.

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