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The Welsh government has invested GBP 8 million (approximately EUR 9.4 million) in Marine Power Systems (MPS) to support the commercialisation of its floating offshore wind technology.
According to the company, the funding will accelerate the deployment of its PelaFlex platform, a floating wind solution designed for deep-water sites where conventional fixed-bottom foundations are not viable.
Marine Power Systems said the investment will help move the technology from advanced development towards commercial-scale deployment and manufacturing. The company also plans to expand its industrial and assembly capabilities in the UK.
The PelaFlex platform has been designed to simplify fabrication, installation and long-term operations while enabling wind farms to be located further offshore where wind speeds are typically stronger and more consistent, MPS says.
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“ PelaFlex has been designed specifically to unlock deep-water offshore wind, where the majority of the world’s wind resource lies” , said Gareth Stockman , CEO of Marine Power Systems.
“With this support we can accelerate commercialisation, scale deployment and help establish the UK as a global centre for deep-water wind innovation and manufacturing. It’s a catalytic step toward making deep-water offshore wind a practical reality at industrial scale.”
Rebecca Evans, Cabinet Secretary for Economy, Energy and Planning, said the funding supports its ambition to position Wales as a global leader in floating offshore wind, implementing actions of the Offshore Wind Action Plan.