EIT InnoEnergy supported breakthrough offshore wind technology provider celebrates impressive growth
EOLOS secured 22 per cent market share in first year of trading.
EOLOS, the developer of a competitive and autonomous floating offshore wind measuring system, is celebrating great successes in its first year as a commercial entity. In 2016, the Barcelona-based start-up secured a project portfolio of more than €2 million (m) – equivalent to 22 per cent market share – helping to consolidate its market position.
The start-up secured several contracts for its Floating Lidar Solution, the FL200, in 2016, including one with Ailes Marines in France – a joint venture between Iberdrola, the global energy giant, and RES Offshore – which went live in January.
EIT InnoEnergy, the innovation engine for sustainable energy in Europe, has supported EOLOS since 2015. InnoEnergy has so far invested €2.15 m in the technology and business, and is committed to providing ongoing access to R&D funding.
Like traditional masts, the EOLOS FL200 allows operators to assess the offshore environment with consistent accuracy, but at 10 per cent of the cost.
Antoni Martinez, CTO of Renewable Energies at EIT InnoEnergy and an EOLOS board member, adds: “EOLOS has a strong core team that understands the workings of the wind industry, and the innovation is accurate and cost-effective – a truly rare find!”
EOLOS is expecting further growth in 2017, with demand coming from new regions including Asia and USA and across Europe.
Mr Martinez continues: “We are extremely confident in the company’s growth prospects and are looking forward to supporting them in years to come.”
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