The future of offshore wind power

Stavanger 2017-10-31

Erik Steinholtz

d Background

• Save the world from global warming

• Stronger and more frequent winds in the sea

• Floating wind power is the future

• No commercial floating wind turbines today

• SeaTwirl can be one of the leading actors

d

• SeaTwirl was started in Sweden in 2012

• Today we are 6 full time employees and we are growing, expecting to be 8 by beginning of 2018

• Using experts and consultants

Background

d The SeaTwirl Business

• Develop, manufacture and sell robust and

cost effective floating wind turbines

Business Idea

Factors for success

• €/MWh

• The simplicity is very important, especially

offshore

• SeaTwirl's wind turbine is simple and robust

d The SeaTwirl Technology

d Potential Market

Expected installed offshore wind power in Europe

20

16

20

30

20

50

9 GW 2016

112 GW 2030

220 GW 2050

Reference: EU – JRC Wind status report 2015

= 450 billion €

d Potential Market

d SeaTwirl S1 (Test center 30 kW)

d SeaTwirl in Media

d Recent Past

• Listed on Nasdaq First North 16-12-22

• Winner of Innovation Award, Graphene 2016

• Winner of Innovation award, Stena Line 2017

d Intellectual Property

Patents granted this year:

• Patent, dynamic turbine

• Patent, modular structure

d Ongoing activities

• Development of SeaTwirl S2, 1MW

• Possible test sites

• Contact with potential subcontractors

• Grants

• Calculations and simulations

d SeaTwirl S2 1MW development

Development (calculations, simulations,

design)

Place orders, manufacture,

assemble

Final assembly and installation

2015 2020

SeaTwirl S2 1MW project

d SeaTwirl in Norway

• Norway and its offshore business is a natural field of interest for SeaTwirl

• A subsidiary of SeaTwirl was recently established in Norway

• We are looking for partners with our Norwegian subsidiary, a joint venture or other solutions

d SeaTwirl in Norway, test site

• SeaTwirl investigates the opportunities to test SeaTwirl S2 1MW in Norway

• In connection to the test site, SeaTwirl is also evaluating collaboration with partners in Norway regarding:

• Construction

• Assembly

• Transportation

• Installation

• Grid connection

• Etc.

www.seatwirl.comGet in touch