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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.

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

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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