FloatWind rebrands ahead of 2022

4C Offshore | Tom Russell
By: 30/12/2021 Vidi Energy
FloatWind Ltd, a technology and mass-assembly company focused on the development and delivery of floating wind turbines, ids to rename itself Vidi Energy, as part of a review of its strategy for 2022.

The company, which secured a successful seed funding round ending in October 2021, aims to continue developing its technology and go to market strategy with a view to raising further funds in late 2022 to support the development of its assembly facility.

Under the new Vidi Energy name, the company is developing technology which is designed to standardise and accelerate the process of bringing floating foundations and wind turbines together for installation offshore. Vidi Energy aims to eliminate variations between projects which it claims leads limit economies of scale and require developers to extend construction schedules and budgets unnecessarily to accommodate bespoke engineering and installation work.

Nele Andersch, Co-founder and Chief Commercial Officer at Vidi Energy, said: “during our seed funding round we recognised, with our investors, that this approach to reducing costs in floating wind energy will be applicable across other floating infrastructure as the energy transition moves forwards.

“The name change reflects our core belief that to deliver the transition, floating wind must look beyond current approaches to assembly and adopt standardisation and automation techniques that have lowered costs in other industries. The new name also emphasises how the business will continue to look forwards and see where we can support the construction process of floating infrastructure in wind and other sectors of the marine energy transition to drive costs down.”

In 2022, Vidi Energy will continue to progress discussions with technology and investment partners as it seeks to develop a production process that will use assembly facilities at harbour side to deploy ready-to-float wind turbines.

Commenting on the value of mass assembly of floating energy systems to fuel this transition, Chief Technology Officer and Co-founder Robert Speht said: “moving away from batch production will unlock huge savings in the assembly and construction processes, significantly reduce schedules for all kinds of offshore power projects, and drive carbon savings in the sector. Using mass production methods, Vidi Energy aims to accelerate the transition away from fossil fuel energy sources and reduce the cost of energy.”