We develop in partnerships

In Floating Power Plant we work closely with key industry leaders and knowledge institutions, to develop our technology. We believe in the mutual benefits of a close collaboration with trusted partners. This approach help us achieve more while we build a strong value chain.

Public funding

As a technology developer we receive support from both private and public sources. We are proud of the acknowledgement, that lies in the support, and we are grateful of how the support help us bring our technology to market.

Below our active publicly co-funded projects are listed.

SEAWORTHY: Sustainable dispatchable Energy enabled by wAve-Wind OffshoRe plaTforms
with onboard HYdrogen

Floating Power Plant has secured €26 million for the SEAWORTHY project to advance integrated offshore renewable energy. Centred around a 4.3 MW wind turbine and a hydrogen system the P-Demo platform is set to demonstrate Floating power plants core technology. Deployed at PLOCAN’s test site in Spain, it will be the first of its kind platform delivering true green energy on demand, producing 11 GWh annually. The design reduces investment per MW through shared infrastructure and shipbuilding-based production. SEAWORTHY supports the EU Offshore Renewable Energy Strategy and REPowerEU’s climate neutrality goals.

Floating Power Plant Canarias

Floating Power Plant Canarias, within the framework of the INVEST IN SPAIN Programme, has been supported by ICEX and co-financed by the European Regional Development Fund (ERDF).

The ICEX Invest in Spain 2022 program granted the Spanish subsidiary FPP Canarias for the development of the project ” RENEWABLE AND DISPATCHABLE OFFSHORE WIND AND WAVE ENERGY PRODUCTION WITH HYDROGEN STORAGE “, which main objective is to design and deploy a demonstrator of FPP’s wind-wave-H2 device in the Canary Islands.

This grant will support the expenses for FPP Canarias employees and the preparation of the technical and economic documentation for a new binding report (including the H₂ system) from the Spanish Ministry to certify the R&D Tax credits for the P-DEMO demonstrator that will be deployed in Plocan test site in Gran Canaria.

On- and offshore full-scale wave energy PTO test, demonstration, and optimization

This project is funded by EUDP and has a budget of 17.8 million DKK, where EUDP has supplied 11.5 million DKK and the partners provide the rest. 

This project is upscaling and completing the detailed design of the full-scale wave energy Power Take-Off (PTO) system, developed by FPP and partners. The project is taking the PTO system from a small scale tested concept to full size – ready for deployment offshore. This full-scale PTO system will be built and tested in a new test rig. The test setup will allow the PTO to be demonstrated, optimized, and showcased. The PTO system and test rig will be the largest wave power test setup of its kind in the world, and the development and testing will result in a highly efficient and cost-optimized PTO system.

Partners in the project is Floating Power Plant, Hawe Energy Solutions A/S, Seasystems AS, and Aalborg University. 

Company info

CVR (VAT) number: DK28143893

You can find additional information at the Central Business Register of Denmark.
For fiscal year reports go to Financial statements / Regnskaber.

Press

You can find additional information and press related content at our Press page