News & Media

Q3 report

Read our report for the third quarter.

Read our report for the third quarter (in Swedish).

Main points in CEO Peter Laurits comment:

  • The buildout of offshore wind is driven by necessities of climate change. Fossil fuels used for producing electricity, heating, industrial processes and transport need to be replaced with renewable energy. That means huge future markets for floating offshore wind power.
  • While a lot of internal focus naturally is placed on the S2x project, which is progressing nicely, we are working on developing larger turbines for windfarms in parallel.
  • Since our turbines are designed for the sea and to have low costs, and since studies have shown that they work better in wind farm configurations than HAWTs, we are drawing a lot attention. Exciting times are ahead!
Andreas Johansson, 21 October 2022

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