FLOATING POWER PLANT AS

Their core work

Floating Power Plant AS is a Danish technology company that designs and develops floating offshore platforms combining wind turbines with wave energy converters into a single integrated system. Their core product is a floating structure anchored in open water that simultaneously harvests energy from wind above the surface and wave motion at the waterline, improving the economics of offshore renewable energy deployment. In their H2020 work they focused on bringing this hybrid device from prototype toward commercial readiness, with POSEIDON explicitly targeting market maturation of the technology. They also contributed industrial expertise to a doctoral training network on offshore wind and wave energy, indicating a role as a real-world industry anchor for academic research.

What they specialise in

How they've shifted over time

Both H2020 projects began in 2015 and the dataset covers only that single entry window, so a clear temporal evolution within H2020 cannot be traced — FPP entered with a defined product and pursued both commercialization and doctoral training simultaneously. What the two projects together reveal is a deliberate two-track strategy: the SME Instrument grant (POSEIDON) pushed the device toward market, while the MSCA industrial doctorate (ICONN) embedded FPP in an academic network that could support longer-term technology improvement. Without later projects in the record, it is not possible to say how their focus shifted after 2017-2019.

Based on available H2020 data FPP was on a commercialization trajectory with a defined product in hand, but their limited project footprint after 2015 makes it impossible to confirm whether they scaled, pivoted, or exited the EU funding landscape.

How they like to work

FPP is comfortable in both the coordinator and participant role, having led POSEIDON as a business-driven SME Instrument project while joining ICONN as an industry partner in an academic consortium. Their consortia are small — five unique partners across three countries — which reflects a focused, product-company approach rather than large multi-partner research networks. Working with them likely means engaging a company with a concrete proprietary technology rather than a service provider or generalist research partner.

FPP has collaborated with five unique partners across three countries, a deliberately compact network consistent with an SME commercializing a specific product. Their partnerships span both industry and academia, given the pairing of an SME Instrument grant with a Marie Curie industrial doctorate.

What sets them apart

Floating Power Plant AS is one of very few companies globally that has built and tested a physical floating platform integrating both a wind turbine and wave energy converters as a combined system — most offshore renewable developers focus on one technology only. As a Danish SME they bring practical engineering and commercial skin-in-the-game to consortia, rather than purely academic interest, which makes them a credible industry anchor for offshore energy projects seeking real market traction. Their Bandholm base in Denmark places them within one of Europe's most active offshore wind ecosystems, giving them natural access to supply chains, test sites, and regulatory experience.

Highlights from their portfolio

• POSEIDON
  A competitive SME Instrument Phase 2 grant of over €1.1M awarded directly to FPP to mature their floating wind-wave device for market — this is a validation of the technology's commercial potential by EU evaluators.
• ICONN
  FPP's participation as an industry host in a Marie Curie Industrial Doctorate network signals that European universities considered their technology credible enough to structure PhD research around it.