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Inocean was founder and partner of the floating wind turbine company SWAY, a pioneer within floating wind turbines.

Utilizes deepwater areas

The Norwegian Water Resource and Energy Directorate (NVE) has calculated the energy potential in Norwegian oceans with a maximum water depth of 50 meter to 800 TWh annually. To compare, consider Norway's total estimated annual power consumption in 2020: 140 TWh. Sway enables energy producers to utilize deepwater areas even further offshore; the theoretical potential is many times larger.

Designed to withstand extreme weather conditions

With Sway's patented technology, floating wind turbines adapted to deepwater ocean areas that are subject to rough weather conditions, such as the North Sea, can be built. The construction utilizes the strong wind offshore, while avoiding some of the challenges with wind turbines located onshore. Sway's wind turbines offshore is designed to be anchored in ocean areas of several hundred meters' water depth and will be designed to withstand extreme weather conditions.

Video: Sway on CNBC and Fox Business Network