An independent assessment by BVG Associates (BVGA), one of the world's leading offshore wind consultancies, has concluded that Windeed's floating foundation and mooring system delivers a levelised cost of energy (LCOE) “materially lower than that of typical second-generation floating offshore wind designs when measured on a like-for-like basis". For Windeed, the finding is external validation of the company’s main objective: to develop a low-risk floating wind system with the lowest achievable CAPEX and lifecycle cost, enabling competitiveness on par with land-based wind. Why this matters now For more than a decade, floating offshore wind has been focused on proving that the technology works. That question has now been answered: turbine structures have been floated, towed to deep water, and operated safely in harsh conditions around the world. The industry has entered a new phase. The defining question is no longer whether floating wind can be built, but whether it can be built at a cost that enables large-scale commercial deployment without an unsustainable burden on public finances. That is a harder challenge than it sounds. First-generation floating projects relied heavily on oil and gas heritage—heavy steel substructures, complex supply chains, and installation methods designed for robustness rather than cost efficiency. While effective for de-risking early projects, these approaches were never optimised for high-volume power generation. Scale alone cannot fix a fundamentally expensive design. The underlying architecture sets the floor of the cost curve. Real cost reduction must be engineered from the outset. Innovative concepts, radically lowering total cost, is now needed. What the independent review found To test its cost claims objectively, Windeed commissioned BVGA to carry out a rigorous LCOE assessment using the same modelling framework the consultancy has refined over more than a decade and applies across the global industry. BVGA built bottom-up cost models covering substructure, mooring, anchoring, and installation logistics. Importantly, the comparison was made against modern floating concepts currently being developed for commercial deployment—not early-stage demonstration units. The review identified three structural drivers behind Windeed’s advantage: An optimised material footprint reducing dependence on scarce and cost-intensive inputs A streamlined mooring architecture Simplified installation logistics BVGA described the concept as: “a credible and potentially highly competitive floating offshore wind concept, with a clear and plausible pathway… to materially lower LCOE as the technology matures and is deployed at scale.” Windeed’s commercial target is to deliver LCOE below 80 EUR/MWh . Global supply chain realities and the role of China Achieving structurally lower costs in floating wind is not only a matter of design—it also depends on access to a competitive global supply chain. As highlighted by UK Offshore Wind Champion Tim Pick, excluding Chinese suppliers risks reducing competition and increasing costs, while engagement—if handled with appropriate risk mitigation—can accelerate cost reduction and industrial scaling. For Windeed, this reinforces a pragmatic approach: combining European engineering know-how, marine operations expertise and project development experience with globally competitive manufacturing capacity, including from China where appropriate. Increased competition in key components such as turbines, series fabricated structures and moorings as well as vessels is essential to push down costs across the value chain. This approach aligns with the broader industry reality: the energy transition at scale will require collaboration across regions, while fulfilling robust requirements for quality, security, and resilience. Positioned for tightening cost demands in every market The BVGA verification comes as governments shift from supporting technology demonstration to demanding cost discipline. Norway is a clear example. The ongoing debate around Utsira Nord—where public support of up to NOK 35 billion has been discussed for 500 MW—illustrates increasing scrutiny of subsidy levels. This is not opposition to offshore wind, but a call for technologies that reduce the subsidy requirement. Windeed’s low amount of material, simplified-logistics architecture directly addresses this challenge, enabling more capacity to be deployed per unit of public support while leveraging Norway’s strong maritime supply chain. Similar dynamics are emerging in: The UK’s Contracts for Difference (CfD) rounds France’s commercial offshore wind auctions where cost competitiveness, bankability, and supply chain efficiency are becoming decisive factors. Unlocking the deep-water frontier Windeed’s advantage extends to deeper waters. Many of the world’s strongest wind resources lie at very deep waters, where conventional steel-chain mooring systems become prohibitively heavy and expensive. With support from the Swedish Energy Agency (Energimyndigheten), Windeed is advancing a deep-water mooring solution based on pre-tensioned synthetic lines, easy to install prior to floater deployment. This approach: Reduces material weight Lowers transport and installation requirements Minimises seabed footprint  It applies the same core principle—less material and simpler logistics—from shallow waters to deep-water environments, which represent the long-term growth frontier for floating wind. Windeed’s positioning The next success story in floating wind will not be the project that proves the technology can float. It will be the one that proves floating wind can compete at scale. Independent verification now positions Windeed firmly in that category.

Windeed AB has been awarded funding from the Swedish Energy Agency for the project “The Knee Joint that Opens the Deep Seas – Verification of Windeed’s Floating Wind Power at >200 m Depth.” The project aims to increase the technical maturity of Windeed’s patented and cost-efficient mooring and platform system for floating wind turbines operating at depths greater than 200 meters, areas that are currently difficult and costly to exploit. The solution is based on a unique and patented mooring system that enables reduced material use and simpler, lower-cost installation compared to existing technologies. Through simulations, basin model testing, and techno-economic analysis, the project will test and validate the technology at scale together with a requirement-setting customer, to ensure market relevance and industrial applicability. The project will run throughout 2026, with the Swedish Energy Agency contributing SEK 2.9 million. By its completion, both technical and commercial foundations will be established for the development of a full-scale demonstrator in real sea conditions. In the long term, this will help enable large-scale offshore wind power in deep-water areas, an essential step toward a sustainable, fossil-free energy system. The Swedish Energy Agency justifies its decision by noting that the project has strong potential to contribute to a sustainable energy system through the development of a mooring concept that enables simpler, lower-cost installation of floating wind turbines in deeper waters. The solution demonstrates solid commercial potential, and the project is assessed to have a credible execution plan with relevant partners.  For more information, contact: tom.mckay@windeed.se

At the 5th Annual Floating Wind Europe conference in Amsterdam, Windeed’s CEO Bertil Moritz delivered a keynote on the Second Wave of Floating Wind Power — a new approach designed to make floating wind truly scalable, cost-effective, and ready for mass deployment. Moritz emphasized the massive global need for floating wind required for full decarbonization. While first-generation solutions, adapted from offshore oil & gas, provided a starting point, they are too costly and complex to scale. The next generation must be built for industrial production from the ground up. The Key to Cost-Effective Floating Wind Windeed’s second-wave techn ology is designed for mass production, reducing costs and accelerating deployment. Key innovations include: • Lightweight, modular floaters using less material while maintaining performance. • Pre-installed mooring “parking lots” for fast plug-and-play deployment. • No reliance on shipyards, chains, or extreme cranes , ensuring scalability. • Enabling production of two units per week. Watch the supercut version of Bertil's speech below. 

Windeed is pleased to announce that we have joined the World Forum Offshore Wind (WFO) , the leading international organization dedicated to advancing offshore wind energy. As a non-profit industry network, WFO brings together key players from across the offshore wind sector to support the expansion of wind power worldwide. Our membership aligns with Windeed’s mission to make floating wind a cost-effective and scalable energy solution. With our innovative floater design, we aim to contribute to the industry’s efforts in reducing costs and improving efficiency in offshore wind deployment. As part of WFO, Windeed will participate in the Floating Offshore Wind Committee , a forum dedicated to addressing the technical and commercial challenges of scaling floating wind projects. Collaboration with industry peers in this group will help accelerate the development of floating wind and strengthen its role in the global energy transition. We look forward to working with WFO members to advance offshore wind and drive innovation in floating wind technology.

At the recent Floating Offshore Wind Conference in Aberdeen, Windeed CEO and founder Bertil Moritz delivered an inspiring talk on the future of floating wind power. He unveiled Windeed’s revolutionary approach to reducing the cost of energy (LCOE) through a groundbreaking system designed for mass production. Moritz challenged traditional thinking, addressing key myths in the industry, and shared how Windeed’s innovations could make floating wind competitive with land-based wind power. 

September 12, 2024 – Västerås, Sweden Windeed is excited to announce the signing of a Letter of Intent (LOI) with ASCO, a leading global provider of logistics and materials management. This partnership aims to strengthen both companies’ positions in the floating wind sector by optimising logistics and operations for floating offshore wind projects. Key Goals of the Partnership The collaboration will focus on creating a comprehensive logistics plan to facilitate the construction and deployment of 1 GW of floating wind power in a single season using Windeed’s innovative floater technology. Additionally, an advanced operations and maintenance (O&M) services plan will be developed. A core component of this strategy is the use of Windeed’s unique in-situ heavy lifting solutions, allowing for significant turbine repairs directly at sea. This capability minimizes downtime and reduces the Levelized Cost of Electricity (LCOE), making Windeed’s floating wind solutions both cost-effective and efficient. About Windeed Windeed develops best-in-class patented floating wind solutions that harness the vast potential of offshore wind resources. Our proprietary floater and mooring designs, verified by external parties, enable higher capacity factors and offer a cost-effective renewable energy alternative. Windeed’s innovative solutions overcome critical industrial limitations, paving the way for rapid industry growth. About ASCO ASCO has extensive experience supporting the offshore energy sector almost 60 years, offering a suite of integrated services including logistics, materials management, lifting and assurance, warehousing, and marine coordination. This partnership presents a significant opportunity for ASCO to expand its footprint in the rapidly growing floating wind sector. By aligning with Windeed, ASCO can enhance its capabilities and tap into the vast potential of the floating wind market, which is set to become a key player in the global transition to renewable energy. For more information, please contact: Bertil Moritz CEO, Windeed bertil.moritz@windeed.se Daniel Robb Business Development Manager, ASCO daniel.robb@ascoworld.com

Copenhagen, 14 May 2024 Windeed is thrilled to announce the signing of a Letter of Intent (LOI) with RelyOn Nutec, a leading provider of safety and competence services. This partnership marks a significant step towards advancing our offshore wind projects by developing robust local workforces. Empowering Local Workforces for Offshore Wind Projects At Windeed, we believe that local talent is crucial to the success of renewable energy projects. Partnering with RelyOn Nutec, renowned for its expertise in workforce development, will enable us to equip communities with the necessary skills to thrive in the offshore wind industry. This collaboration aims to: Enhance Workforce Skills: By leveraging RelyOn Nutec's advanced training programs, we will ensure that local talent is well-prepared to support our offshore wind projects. Increase Project Efficiency: Streamlined training processes will facilitate quicker and more effective project deployment, reducing overall costs and timelines. Create Sustainable Job Opportunities: We are committed to fostering economic growth in the regions where we operate, creating meaningful and lasting job opportunities. Paving the Way for a Sustainable Future As the world increasingly shifts towards renewable energy, it is imperative to ensure that local communities benefit from these advancements. Through this partnership, we are dedicated to empowering individuals with the skills and training needed to thrive in the rapidly growing offshore wind industry. This LOI represents just the beginning of an exciting partnership. About Windeed Windeed develops best-in-class patented floating wind solutions that harness the vast potential of offshore wind resources. Our proprietary floater and mooring designs, verified by external parties, enable higher capacity factors and offer a cost-effective renewable energy alternative. Windeed’s innovative solutions overcome critical industrial limitations, paving the way for rapid industry growth. About RelyOn Nutec RelyOn Nutec delivers safety, compliance, and competence services to safety-critical industries worldwide. With over 30 facilities, RelyOn Nutec helps clients protect their people, assets, and the environment. The company has a deep history going back over 50 years and leads through the intelligent application of the latest technology, including digital learning, simulation technology, and a market-leading suite of SaaS applications. RelyOn Nutec is the preferred end-to-end partner to develop and maintain a safe workplace. For more information, vists RelyOn Nutec .

Ny Teknik, one of Sweden’s premier technology publications, recently featured Windeed and our innovative floating wind technology. The article highlights our founder and CEO, Bertil Moritz, who described our floating wind turbine concept as “the Billy bookshelf of wind power” due to its modular design. This unique structure is designed for industrial-scale production, setting us apart from traditional, material-intensive offshore designs. The article details our recent wave tank tests at Aalborg University in Denmark, which confirmed the stability and resilience of our lightweight floating foundation. Designed with a central tower anchored by three buoyant steel cylinders, our system uses advanced materials to ensure minimal wear and maximum durability, even in rough sea conditions. Our approach achieves comparable LCOE to land-based wind power. This recognition by Ny Teknik underscores our uniqueness and the market's interest in Windeed's solution. Read the article here .