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SeaTwirl SIGNED

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

Total Cost €

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EC-Contrib. €

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Partnership

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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.

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

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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