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AXIS SECURES UK GOVERNMENT GRANT TO SUPPORT DEVELOPMENT OF ITS FLOATING OFFSHORE WIND TECHNOLOGY 10/06/2019

Aberdeen’s Axis Energy Projects has secured a grant from the UK’s Department of Business, Energy & Industry Strategy (BEIS) to support the commercialisation of its Tension Leg Buoy™ technology that is being developed for deployment in the Floating Offshore Wind sector. 

The grant and associated business consultancy support to Axis, is via BEIS’s Energy Entrepreneurs Fund that specifically focuses on early stage low carbon technologies.  The package of support will enable Axis to undertake tank testing of a 1:55 scale model of its Tension Leg Buoy™ technology within the next 6-8 months.

The Tension Leg Buoy™ technology will offer a robust and mooring system that provides controlled stability, roll and pitch. It will comprise a subsurface buoy that supports the wind turbine. The buoy will be fixed, by tensioned tethers, to a modular gravity base anchor / foundation on the seabed.

Axis has drawn on its experience and technical knowledge of working in the offshore oil and gas sector - in the North Sea and worldwide. With the market for Floating Offshore Wind forecast to grow significantly over the next decade and beyond, as part of the global effort to achieve Net Zero, Axis, along with other companies working in the oil and gas industry, is seeking to utilise their knowledge in the renewables sector.