Wind Catching Systems awarded NOK 9.3 million grant
(Oslo, 6 February 2023) Wind Catching Systems AS (Wind Catching Systems) the developer of floating offshore wind technology, today announces the award of a pre-project grant of NOK 9.3 million (USD 0.9 Million) from ENOVA.
Wind Catching Systems has been awarded a grant of NOK 9.3 million to support the initial implementation of a full-scale Windcatcher. Through the pre-project, Wind Catching Systems will mature and validate the technology and cost estimates for a full-scale Windcatcher.
“This is the second grant Wind Catching Systems has received from ENOVA. The support from ENOVA is a strong validation of both our technology and our team. We are now fully focused on maturing our technology towards our first offshore installation,” says Ole Heggheim, the CEO of Wind Catching Systems.
The Windcatcher
Wind Catching Systems is developing the Windcatcher, a floating wind power plant based on a multi-turbine design. Through having multiple turbines on a single floating platform, Wind Catching Systems will maximize the energy production per floating structure while enabling a self-contained maintenance system eliminating the need for specialized vessels to support offshore maintenance operations.
With the Windcatcher, a wind power system specifically designed for floating offshore wind, Wind Catching Systems solves some of the central challenges facing floating wind; drastically reducing acreage use per MWh of electricity produced while minimizing complexity and cost of operations and maintenance.
About ENOVA
Enova SF is owned by the Ministry of Climate and Environment and contribute to Norway’s climate commitments and the transition to the low-emissions society. The enterprise works for reduced non-quota greenhouse gas emissions for 2030 and development of technology and innovation that contributes to reduced greenhouse gas emissions towards the low-emissions society in 2050. Read more at www.enova.no
About Wind Catching Systems
Wind Catching Systems was founded in 2017 and is headquartered at Lysaker outside Oslo, Norway. The company’s largest owners are GM Ventures (the venture capital arm of General Motors), Ferd AS and North Energy ASA (NORTH) (a publicly traded industrial investment company listed on the Oslo Stock Exchange).
For further information, please contact:
Ole Heggheim, CEO, +47 905 35 024, oh@windcatching.com
Ronny Karlsen, CFO, +47 954 24 398, rk@windcatching.com