X1 Wind / PivotBuoy

Offshore wind energy potential

Offshore wind could generate over 420,000TWh yearly worldwide, 18x current global electricity demand: IEA

Technology-intensive sector

Most floating offshore wind solutions have expensive technology that takes up 50% of costs

Challenging wind turbine design

Needed for optimized floatability, stability, and immunity to sea swells, with high manufacturing, maintenance costs.