Floating Power Plant develops floating platforms that generate electricity from offshore wind and wave energy. Their technology combines wind and wave power generation on a single platform, offering a scalable solution for clean energy production in offshore environments.
Funding
Funding not disclosed
Founders
Product
Problem
Offshore oil and gas platforms and remote grids often rely on fossil fuels for power, leading to high carbon emissions and dependence on fuel supply chains. Renewable energy sources like wind and solar are intermittent, posing challenges for continuous power supply in these environments.
Solution
Floating Power Plant provides a patented technology for harvesting offshore wind and wave energy through a combined floating platform. This integrated approach offers a scalable solution for delivering reliable, renewable power to off-grid, weak-grid, and stiff-grid environments, as well as enabling green hydrogen production. By combining wind and wave energy generation, the platform can provide a more consistent power output compared to relying on a single renewable source. The technology can be integrated with hydrogen-based energy storage systems to address intermittency challenges and ensure a continuous power supply.
Target Audience
The primary target audience includes offshore oil and gas operators seeking to decarbonize their operations, as well as utilities and energy providers looking to supply remote grids with reliable renewable energy.
Features
- Patented platform design combining wind and wave energy harvesting
- Scalable platform size to meet varying energy demands
- Integration with hydrogen-based energy storage for continuous power supply
- Designs adapted to meet stringent standards and regulations for offshore environments
- Potential to reduce CO2 emissions by over 60% compared to traditional gas turbine generators
- Suitable for off-grid, weak-grid, stiff-grid, and green hydrogen production applications