Member - Seawind Ocean Technology Holding B.V.

Seawind technology can potentially lead to a revolution in the offshore floating wind turbine industry! Differentiation: 1 - While the floating wind sector is only in its infancy today, it represents the largest clean energy source of the future. Seawind has developed a unique turbine technology dedicated for this challenging floating wind energy market. This technology was initially developed by NASA and Hamilton Standard (today UTC) and is inspired by the helicopter technology. 2 - The heart of the Seawind technology is the teetering hinge (sort of Cardan joint) that allows to “de-couple” the rotor from the shaft enabling simpler wind turbine control (no blade pitching) and lower fatigue compared to the conventional 3-bladed technology. The result is translated into not only lower both Capex and Opex but also into electricity prices that do not require subsidies from Governments. Achievements: 1 - The technology is proved at 1.5 MW scale by an onshore prototype. 2 - Seawind has achieved the Technology Qualification delivered by DNV GL for our next turbine systems (turbine + floating foundation) which are Seawind 6-126 and Seawind 12-225 (first figure is capacity in MW, second figure is rotor’s diameter in meter). 3 - Signature of €42.5 million funding with a Kuwaiti businessman where the first tranche is expected early November 2019. 4 - Business scale up: We are working with Tier I players for the execution of the manufacturing, construction, assembly and installation of our turbine systems e.g. KPMG, Wood Mackenzie, Wood, WSP, PX Ltd. 5 - We have identified our prototype site options as well as our early production and assembly sites in the UK and in Portugal. We are in the process of securing a collaboration/agreement with these sites. 6 - With our electricity price advantage compared to the 3-bladed technology, Seawind has a huge market potential. We already have expression of interest from series of players both islands (e.g. UK, Mauritius) and power developers e.g. Equinor, EDF, Engie, EnBW.