The Norwegian government awarded alternative energy pioneer Wind Catching Systems a $2.1M grant to develop a prototype of its multi turbine offshore wind structure, which is designed to provide 5X the amount of power than current offshore wind facilities with a much smaller footprint, the Maritime Executive reports.
The grant will fund the design, construction and testing for the pilot of the Wind Catcher, which will be tested in 2023. “The government has big ambitions for offshore wind,” says Espen Barth Eide, the Norwegian Climate and Environment Minister. “If we succeed in bringing down the costs of floating offshore wind, it can become an important source of renewable energy and a major industrial opportunity for Norway.” OurCrowd is participating in Wind Catching Systems’ current funding round.
Source : ourcrowd email