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BW Ideol
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Short description

Developer of a floating foundation solution for offshore wind competitive with bottom-fixed ones starting from 35m water depth

Founded in 2010
Founded in

Company type Acquired Public (BWIDL)
Company type

Industry Group energy & power

Sector wind

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters France La Ciotat, France
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Updated by Paul DE LA GUERIVIERE at IDEOL on 07/10/2015

Edited by Cleantech Group on 02/27/2023

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  • 1 M&A items
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Date Company
06/03/2015

Hitachi Zosen Corporation Hitachi Zosen Corporation

IDEOL and Japanese offshore wind leader Hitachi Zosen (HITZ) have signed an engineering agreement on June 3rd for the design of both a concrete and a steel version of IDEOL’s patented floating foundation adapted to Japanese sea conditions. The companies are targeting installations by the end of 2017.

Confirmed by Hitachi Zosen Corporation
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Date Partner Type
10/31/2019
Elicio Elicio
Join forces to co-develop floating wind projects in Scottish waters
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Confirmed by Elicio
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IPO INFORMATION

Date

03/18/2021

IPO status

Listed

IPO Type

IPO

Amount

$70M

Initial shares

Ticker symbol

BWIDL

Exchange listed

Euronext Growth Oslo

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Description

The net proceeds will predominantly be used to fund the development of the project pipeline, working capital requirements and general corporate purposes.

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Date Investors Type Amount
10/22/2018 Horizon 2020 Horizon 2020 (1)
Post-money valuation of
Grant $2,500,000
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Damping Pool

Floating foundation for the offshore wind industry

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