SeaTwirl in cooperation with the University of Tokyo

SeaTwirl and the University of Tokyo have started a cooperation where the research group led by Associate Professor Shinichiro Hirabayashi at the Department of Ocean Technology, Policy and Environment, are looking to adapt SeaTwirls technology to Japanese conditions.

Japan's current energy mix is dominated by fossil fuels and with densely populated islands, the country is looking to the ocean and floating wind to help meet their future renewable energy needs. Everything that is built must however be able to withstand the typhoons which frequently hit the country with wind speeds up to 55 meters per second, usually between May and October.

"Japan is very interesting and potentially large market for SeaTwirl. We take great pride in being able to cooperate with a prestigious institution like the University of Tokyo on adapting our technology to suit the special requirements of that market. Research is the first step towards commercialisation", says Peter Laurits, CEO of SeaTwirl.

"Floating offshore wind power generation could become a mainstream renewable energy source in Japan in the near future. We expect vertical-axis wind turbine as a possible solution for wind turbine on floating structures", says Shinichiro Hirabayashi, the University of Tokyo.

For more information, please contact:

Peter Laurits, CEO
Phone: +46 70 148 01 98
E-mail: [email protected]

Dan Friberg, Board chairman
Phone: +46 70 788 75 44
E-mail: [email protected]

About SeaTwirl
SeaTwirl AB (publ) is a Swedish energy tech company in wind power with the vision to become global leader in floating offshore wind farms. SeaTwirl's unique floating vertical-axis wind turbine is simple and robust with few moving parts. This suits the conditions at sea and minimizes the need for maintenance, which leads to less downtime and operating hours. These are key requirements for reducing the costs associated with the production of energy. The company's first prototype was installed in the sea in 2015. Development is now taking place on the next full-scale unit of 1 MW installed turbine output. The company has been listed on Nasdaq First North Growth Market since 2016. Read more at: https://seatwirl.com

The company's Certified Adviser is Mangold Fondkommission AB that can be reached at: +46 8 5030 1550, [email protected].


Om SeaTwirl

SeaTwirl är ett svenskt utvecklingsbolag inom vindkraft med visionen att bli en ledande aktör inom den nya och snabbt växande marknaden för havsbaserad flytande vindkraft.

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www.seatwirl.com

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Marknad Nasdaq First North Growth Market Kortnamn STW ISIN-kod SE0009242175 Certified Adviser Vator Securities