The research outlined several supply chain development opportunities essential for floating wind farms, including floating platform components, dynamic cables and connections, wet storage infrastructure and facilities, operations and management infrastructure and facilities, and skills transition facilities.

The accelerator’s first GBP 10 million funding round will target projects addressing these opportunities, offering up to GBP 1 million in matched funding for early-stage development. The Crown Estate said it will look for the option to participate in the capital investment phase.