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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.

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

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.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "SEATWIRL" project.

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

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