X1 Wind signs investment agreement with InnoEnergy

On July 5th, X1 Wind signed an agreement with InnoEnergy after completing a due diligence and negotiation process that started last February.

European sustainable energy promoter InnoEnergy will help X1 Wind continue the development of the innovative floating wind platform. Our next development phase involves the building and validation of our technology, including the design optimization, scaling-up, and testing of a larger prototype at ECN – Hydrodynamic and Ocean Engineering Tank through the MaRINET2 program.

By partnering up with InnoEnergy, X1 Wind will not only receive financial support but will also gain access to a large network of connections in the energy sector, mentoring, and in-kind services to accelerate our technology roadmap.

InnoEnergy is the biggest European company promoting innovation and entrepreneurship in sustainable energy. They support and invest in innovation at every stage of the journey – from classroom to customers. With their network of partners, they build connections across Europe, bringing together inventors and industry, entrepreneurs and markets, graduates and employers, researchers, and businesses. They work in three essential areas on the innovation mix: education, product innovation, and business creation.