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Details - Information last confirmed on July 5, 2021
Two-staged investment with 2-3 year time frame to full monetization.
Stage 1: completed
Stage 2: Scale model testing €5Million requirement (12 months)
Stage 3: Pilot "in field" testing. Year 2 onwards (12-24 months) €30M total including any debt component.
Stage 4: Monetization.
The technology allows the investor to explore opportunities in Deep water offshore which is typically acreage most companies consider not viable.
The solution offered can deliver a higher harvesting capacity due to improved "siting" - up to 500 metres depth, lower costs to deploy and higher speed of deployment.
Subject to NDA the requirement could be discussed in detail.
The design has been formulated by a company with over 20 years experience designing and building offshore floating infrastructure with several patents to their name.
The market size is potentially around €30Billion and upwards up to 2035.
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