SeaTwirl Bags EUR 2.5 Million EU Grant

SeaTwirl has secured a EUR 2.48 million grant from the European Commission for its SeaTwirl S2 floating wind turbine.

SeaTwirl is receiving the grant for the 1MW full-scale floating wind turbine as part of the European Innovation Council's SME Instrument program.

The grant will be used for the final phase of the S2 project and primarily for the detailed design, project management, marketing and commercialization of the turbine, the Swedish company said.

In addition, SeaTwirl said it has the opportunity to benefit from EU services in business coaching and business acceleration within the program.

"It feels great and it gives us a good recognition from the EU that the potential of our technology is very large. The SeaTwirl team has done a great job!" said Gabriel Strängberg, CEO of SeaTwirl.

SeaTwirl is a floating vertical axis wind turbine (VAWTT) with a tower placed on an underwater structure, which consists of a buoyancy component and a keel at its lowest point.

A 30kW S1 prototype turbine was launched and installed at the Lysekil test site in Sweden in 2015. SeaTwirl 2, the full-scale turbine, is planned to be completed by 2020.

Related news

List of related news articles

Posted: about 1 month ago

SeaTwirl Continues Patent Streak

The Chinese patent authority has awarded the Swedish wind power company SeaTwirl with a patent for i...

Categories:
  • Business & Finance
Posted: about 1 month ago
Posted: 2 months ago

SeaTwirl Enters Partnership Talks

Sweden's SeaTwirl is negotiating to sign a Letter of Intent with external investors and partners. Th...

Categories:
  • Technology
Posted: 2 months ago
Posted: 2 months ago

Update: SeaTwirl Partners with Colruyt and NorSea

SeaTwirl, Colruyt Group, and NorSea Group have signed a Letter of Intent to collaborate on financing...

Categories:
  • Business & Finance
Posted: 2 months ago
Posted: 2 months ago

GE Fined EUR 52 Million over Incorrect Info in LM Wind Buy

The European Commission has fined General Electric (GE) EUR 52 million for providing incorrect infor...

Categories:
  • Authorities
Posted: 2 months ago