Project description DEENESFRITPL A new way to drive offshore wind development To keep temperature increases below 1.5 °C, the EU estimates between 240 and 450 GW of offshore wind power is needed by 2050. An estimated 30 % of future electricity demand will be supplied by offshore wind. However, current space available in shallow waters imposes a limit of 112 GW. The EU-funded ARCHIME3 project will make it easier to install new floating platforms. Specifically, it has patented a new floating technology that enables the safest and most efficient (time, costs and performance) installation of turbines in deep waters. ARCHIME3 is currently the only technology that will efficiently and safely enable the installation of the largest turbines in deep waters. Show the project objective Hide the project objective Objective WHO WE ARE? BERIDI is a spin-out company of Berenguer Ingenieros, founded in 2018, as the division of the group specialized in the offshore wind energy sector. Our group is a leading seashore engineering firm, which has worked in more than 1,200 projects in Spain and LATAM, including + 40 multimillion projects.THE PROBLEM: EU must install 230-450 GW new offshore capacity before 2050 to fulfil the Green Deal Goals. but current space available in shallow imposes a limit of 112 GW. Only new floating platforms can help EU fulfil its objectives, but the installation of floating turbines is still technically challenging, very expensive and highly time-consuming, especially for the largest turbines (>15 MW).THE SOLUTION: We have patented a new floating technology that enables the safest and most efficient (time, costs and performance) installation of turbines in deep waters. ARCHIME3 is, to the best of our knowledge, the only technology today that will enable the installation of the largest turbines (15-20 MW) in deep waters in an efficient and safe manner.MARKET OPPORTUNITY: The market opportunity at a global level for now to 2030, reaches more than €20 Billion. Just by achieving a market penetration of 10%, our market opportunity can reach €2 Billion from now until 2030. Our financial projections for 2026, when we expect to have installed our first wind farm (400 MW), would mean €44M of cumulated turnover, €20M of cumulated EBIDTA and close to €240M of company value, meaning a x13 ROI for the investment (2.4 M Grant + 4.8 M equity) requested to the EIC for this project. Fields of science engineering and technologyenvironmental engineeringenergy and fuelsrenewable energywind power Programme(s) H2020-EU.3. - PRIORITY 'Societal challenges Main Programme H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies Topic(s) H2020-EIC-SMEInst-2020-4 - H2020-EIC Accelerator pilot –SME Instrument - Green Deal Call for proposal H2020-EIC-SMEInst-2018-2020 See other projects for this call Sub call H2020-EIC-SMEInst-2018-2020-4 Funding Scheme SME-2b - SME Instrument (grant only and blended finance) Coordinator BERIDI MARITIME SL Net EU contribution € 2 113 918,28 Address Calle monasterio de las batuecas 24 planta 1 puert 28049 Madrid Spain See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Comunidad de Madrid Comunidad de Madrid Madrid Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 905 964,97 Participants (1) Sort alphabetically Sort by Net EU contribution Expand all Collapse all Third-party Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure. BERENGUER INGENIEROS SL Spain Net EU contribution € 328 125,00 Address Calle nuria num 36 piso pta 2 28034 Madrid See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Comunidad de Madrid Comunidad de Madrid Madrid Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 140 625,00
