X1 Wind wins grant to launch its first commercial floating wind project

X1 Wind has secured a multi-million euro grant to launch its first commercial floating wind project.

The floating wind technology developer has been allocated €2.5m through the European Innovation Council (EIC) Accelerator programme. It was named among 38 of the most promising start-ups by the EIC after being shortlisted from 4200 applications to receive funding to ‘develop and scale up ground-breaking innovations’. X1 Wind CEO & Co-Founder Alex Raventos said the grant will provide resources to rapidly accelerate the detailed design and certification process of its first commercial large-scale floating wind units. The firm is currently preparing to deploy its ground-breaking PivotBuoy® technology at 1:3 scale in the Canary... ... More: Official Press Release X1 Wind

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X1 Wind, floating, offshore, grant, funding, commercial, buoy, Canary Islands, EIC