NextFloat+ project secures €13 million innovation fund grant for floating wind technology

By: Chloe Emanuel

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25/06/2024 X1 Wind

The NextFloat+ project has received a €13.4 million grant from the European Commission’s Innovation Fund to advance the industrialisation of floating wind technology. The grant will support the deployment of a 6MW floating wind platform, called the 'X90', at a test site in the Mediterranean Sea.

Led by a consortium including X1 Wind, Technip Energies, and NextFloat Plus S.A.S, the project aims to enhance the competitiveness and scalability of floating wind technology. The X90 prototype will feature a cost-effective integrated system with a structurally efficient floating platform, Single Point Mooring (SPM), and Tension Leg Platform (TLP), significantly reducing its seabed footprint.

The funding will facilitate the scale-up of this technology to a 20MW+ capacity, furthering its commercial viability. X1 Wind CEO Alex Raventos highlighted the importance of this grant, stating it will drive improvements in the competitiveness of floating wind as it gears up for global deployment.

The NextFloat+ Project builds on the success of the PivotBuoy Project, which demonstrated X1 Wind’s technology with a part-scale prototype in the Canary Islands. Innovations to be introduced include a patented quick-connector system and a bio-boosting system for the floater.

Willy Gauttier, VP of Technip Energies' Floating Offshore Wind Business Unit, emphasized the project's potential to advance sustainable energy solutions and expand the floating wind industry globally.

Funded by EU Emissions Trading System revenues, the Innovation Fund supports clean technologies and flagship projects that offer significant emissions reductions. To date, it has awarded €6.5 billion to over 100 projects.

Based in Barcelona, X1 Wind develops scalable floating wind technology aimed at providing clean, affordable energy and reducing carbon emissions. Founded by Carlos Casanovas, the company has made significant strides in advancing its technology and has been selected by the European Commission for the NextFloat and NextFloat+ projects.

For more information about offshore wind farm projects across the globe, click here.

About the Author

4C Offshore | Chloe Emanuel
Chloe Emanuel

Press Coordinator

01502 307037