Flotation Energy

Flotation Energy Ltd delivers clean, green, renewable energy by using our expertise in floating and fixed offshore wind and the energy transition, supporting achievement of carbon-neutral commitments. Perhaps best known for our involvement in Kincardine – the world’s largest grid connected floating offshore windfarm; our team has progressed from pioneering demonstrator energy transition and floating offshore wind projects to delivering fast-tracked commercial scale offshore wind and energy transition projects. Flotation Energy is in a strong position to make use of its unique combination of experience, expertise, and insight in offshore wind to identify and develop fixed and floating offshore wind projects. Our business model is to identify offshore wind energy prospects in key target markets and progress these through the complex development process to full scale commercial projects that minimise risk and maximise value. Our existing portfolio of projects in development includes fixed bottom offshore windfarms (480MW Morecambe; 1200 MW Greystones; 1,500 MW Seadragon) and floating offshore windfarms (100MW White Cross, 1,500 MW Blackwater and up to 500 MW Green Volt). Flotation Energy plc was established in 2018 by Allan MacAskill and Nicol Stephen. We have offices in the UK (Scotland), Australia, Taiwan and Japan.

https://flotationenergy.com

51-200 employees

Growth Trajectory

Flotation Energy's future growth is tied to expanding its global project pipeline, especially in floating offshore wind, focusing on regions with deep coastal waters such as the UK, Taiwan, Japan, and Australia. Leveraging its expertise in floating wind technology and strategic partnerships, the company aims to develop gigawatts of new offshore wind capacity and decarbonize industries, including oil and gas platforms.

Technical Challenges

Developing solutions for deploying wind turbines in deeper waters.

Complex commercial developments in harsh environments.

Integrating offshore wind with traditional power sources.

Scaling offshore wind energy production.

Tech Stack

Offshore wind turbine technology (fixed and floating)Subsea cablesMooring systemsGrid connections

Team Size

Project teams

Engineering teams

Development teams

APAC teams

In-country teams

Key Risks

Competition in the offshore wind sector for project sites and investment.

Technological challenges associated with floating offshore wind farms, such as mooring systems and dynamic cables.

Securing financing for large-scale offshore wind projects.

Delays in regulatory approvals and grid connection availability.

Opportunities

Leverage expertise in floating offshore wind technology to address the 80% of offshore wind resource potential in deep waters.

Expand into new geographic markets, particularly those with deep coastal waters and high renewable energy demand.

Further develop and commercialize floating offshore wind technology to reduce costs and improve efficiency.

Expand partnerships with technology providers, supply chain companies, and energy companies to accelerate project development and deployment.

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