Project description
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.
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.
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Funding Scheme
SME-2 - SME instrument phase 2Coordinator
28049 Madrid
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.