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Website: http://sway.no/

SWAY has developed a solution that will overcome the most significant arguments against wind power - lack of economy and disturbance of the landscape. The solution has the potential of securing a number of nations worldwide economical access to an unlimited energy source with no pollution and minimal environmental controversy.

SWAY is a renewable energy company, with world leading technology...More»

Address: 5239 Rådal Laguneveien 9 Norway Map it »

Phone: +47 -55706500

Email: mf@sway.no

Founded: 2001

Industry: Greentech

Sub-Industry: Other Greentech

Legal Structure: Corporation

Ownership: Private

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Date	Type	Capital Amount	Post-Money Valuation	Investors
01/2010	Series A	2M	Unknown	Origin Ventures, Leo Capital Holdings

Name:	SWAY Wind Power
Product URL:	http://sway.no/index.php?id=15
Description:	SWAY's technology has the potential of securing Norway and several other countries (including USA, Japan, Ireland, Spain, Portugal and Italy) economical access to an unlimited energy source with no pollution and minimal environmental controversy. The total theoretical potential for offshore wind power in Norway corresponds to approximately 200 times the total Norwegian hydro power production. The theoretical sales value of this energy source corresponds to NOK 6000 billion per year "forever" (i.e. approximately 10 times the value of the Norwegian oil & gas production). The red area represents as little as 0.5 % of the area of Norway's economic zone corresponds to all of the current Norwegian power consumption. Typically, the offshore wind parks could be located offshore from cities and industry hubs, i.e. in the proximity of where the power is needed. The SWAY® system is economically competitive in Norway, which has some of the world's lowest electricity prices (due to its large hydro power resources). Japan has similar wind resources and water depths to Norway. The Japanese selling electricity price however, is by far the highest in the OECD and approximately 3 times higher than the Norwegian electricity price.