Reducing platform weight by 80%, X1Wind makes floating offshore wind turbines (with greater power potential and efficiency than land turbines) easier to install, economically feasible.
Why
Offshore wind energy potential
Offshore wind could generate over 420,000TWh yearly worldwide, 18x current global electricity demand: IEA
Technology-intensive sector
Most floating offshore wind solutions have expensive technology that takes up 50% of costs
Challenging wind turbine design
Needed for optimized floatability, stability, and immunity to sea swells, with high manufacturing, maintenance costs.
Market
$75bn
Forecast global offshore wind energy market size by 2026, based on 14.8% CAGR from 2019: Global Market Insights
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