Periodic Reporting for period 1 - X1 Wind (Disruptive technology for cost-effective and reliable Floating Wind)
Reporting period: 2018-05-01 to 2018-10-31
X1 wind has redesigned floating wind platforms to dramatically cut 80% the weight of current floating systems, with a platform weight of only 260 t/MW, similar to fixed foundations, but easier to install using small local vessels.
X1 wind disruptive solution can potentially enable a reduction of the cost of energy (LCOE) of floating wind by 50% in the short term and reaching 5c€/kwh in the long term, well below the European SET-Plan target for deep water offshore of 9c€/kWh by 2030.
During the action several meetings took place with key stakeholders obtaining the interest from leading utilities, OEMs and other relevant players, as well as participating and presenting in international conferences and events. This has allowed the company to assess different business strategies and have a better understanding of the value chain.
This cost-effective technology can contribute to the decarbonization of the energy mix untapping a huge source of clean, affordable electricity but also reducing the environmental footprint on the seabed by deploying a single mooring layout. The project can also contribute to the development of local economies such as naval industries and communities in coastal areas with the local manufacturing, assembly and operation of future offshore farms.