SeaTwirl will receive €2.48 million from the European Innovation Council’s SME instrument, for its innovative, floating “SeaTwirl S2” wind turbine.
“The SME instrument offers Europe’s brightest and boldest entrepreneurs the chance to step forward and request funding for breakthrough ideas with the potential to create entirely new markets or revolutionise existing ones.”
The companies, selected after a review by professional assessors and personal interviews by a jury of investors, entrepreneurs and venture capitalists, receive up to € 2.5 million to finance innovation activities. SeaTwirl was granted € 2.48 million.
The grant will be used for the final phase of the S2 project and primarily for detailed design, project management, marketing and commercialization. In addition, SeaTwirl has the opportunity to benefit from EU services in business coaching and business acceleration within the program.
Interested in how SeaTwirl can help your energy project deliver renewable energy at the lowest cost available? Welcome to contact us for a more in-depth presentation of our products and projects!
Do you want to work with the offshore wind of the future? See available job openings here.