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 and competence on floating wind turbines located in deep water.
The patented SWAY® system: Wind turbines that produce power in deepwater locations where the average wind speed is higher and where the location of turbines will be less controversial.
SWAY’s technology allows economical extraction of wind power in nations with good wind resources and access to water depths of 80-300m within 50-60km from the coast.
The market potential worldwide is huge and SWAY aims to transform its technological edge to commercial success as the demand for renewable energy rises.
Financials
| Date | Type | Amount | Investors | Valuation |
|---|---|---|---|---|
| 01/01/10 | Series A | 2M | Unknown |