The Green Platform is a new initiative that gives companies and research institutes funding for research and innovation-driven green growth. The purpose with the initiative is to create green jobs and a more sustainable future.
Ocean Sun is part of two different consortiums that have received funding under the initiative.
The first consortium is led by Scatec and has been awarded NOK 79 million to develop the world’s first large-scale hybrid hydro and floating solar power plant. At the same time, the partners will develop a unique platform for planning, dimensioning, design, optimization, and operation of hybrid power plants. In addition to Ocean Sun and Scatec, Prediktor, SINTEF Energi, IFE and Solenergiklyngen are also part of the consortium.
The second consortium, AluGreen, is led by Norsk Hydro and will explore, develop, and pilot high value circular Aluminum (Al) products, based on recyclable aluminum and renewable energy. The total grant for the consortium is NOK 77 million. Ocean Sun is part of a work page focusing on Subsea cables for energy distribution together with Hydro, Nexans, Metalco, Statnett and the research institutions Sintef and NTNU.
About Ocean Sun:
By combining Norwegian maritime expertise and knowledge within photovoltaics, Ocean Sun has developed an innovation that offers a bold solution to our global energy needs. The patented technology is based on solar modules mounted on hydro-elastic membranes and offers cost and performance benefits not seen in any other floating PV system today. With offices in Oslo, Singapore and Shanghai, Ocean Sun is embarking on its vision to be the world’s leading technology provider of floating solar.
About the Green Platform:
The Green platform provides companies and research institutes with financial support for research and innovation-driven green growth and restructuring.
Through the Green Platform, the Norwegian government wants to trigger more and faster investments from companies in green, sustainable solutions and products. The initiative will strengthen Norwegian exports and value creation and enable the necessary green restructuring and create green growth. It will also make Norwegian companies and research institutions better equipped to meet the opportunities in the EU’s research and innovation program Horizon Europe Green Deal.
The purpose is to bolster opportunities for green value creation through larger projects. These should cover the entire value chain from research and knowledge production to testing, commercialization and industrialization of sustainable, green products and services.
Based on 44 project applications, The Research Council, Innovation Norway, and Siva have allocated almost NOK 1 billion to eleven projects. For more information, please see https://www.regjeringen.no/no/aktuelt/1-milliard-kroner-til-elleve-store-gronne-omstillingsprosjekter/id2870609/?expand=factbox2870612 (in Norwegian).
For further details, please contact:
Børge Bjørneklett, CEO of Ocean Sun, +47 90195778
Karl Lawenius, CFO of Ocean Sun, +47 45633881