SeaTwirl Partners with Local Firm to Bring Vertical-Axis Floating Wind Turbine to Japan

Business & Finance

March 29, 2024, by Adnan Memija

Sweden-based SeaTwirl has signed a Memorandum of Understanding (MoU) with Sumitomo Corporation Power & Mobility (SCPM) to promote its vertical-axis offshore floating wind turbine in the Japanese market.

Under the MoU, SCPM will be responsible for identifying, marketing, negotiating, and contracting potential clients.

The Swedish company will be in charge of promoting and offering the products and services to potential clients.

Japan has over 4,000 islands, and according to the Global Wind Energy Council (GWEC), it has approximately 128 GW of fixed-bottom offshore wind potential and 424 GW of floating offshore wind potential.

SeaTwirl said that its vertical-axis wind turbine is well-suited for the conditions in the Japanese offshore environment with its robust and flexible design and high serviceability.

“With SCPM we have a perfect partner to continue to develop our business in the Japanese market. With their deep local presence, solid history, diversified business operations and deep industrial knowledge we are confident we can offer the market something unique and attractive,” said Peter Laurits, Head of Global Business Development.

In terms of other news coming from SeaTwirl, the company recently signed an MoU with UK-based Verlume to collaborate on the electrification of offshore assets and decarbonisation of the oil and gas industry.

The companies plan to develop systems for commercial sale using combined technologies.