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Making access to the ocean affordable through our SeaSprings mooring solutionbroad

TfI SeaSprings · Horizon Europe grant · 2023-12-01–2026-08-31

EC contribution

€2,425,934

Total cost

€3,465,620

Beneficiaries

1
About the data

Source: CORDIS (official EU open data), Horizon Europe. Framework HORIZON · call HORIZON-EIC-2023-ACCELERATOR-01 · scheme HORIZON-EIC-ACC-BF · topic HORIZON-EIC-2023-ACCELERATOROPEN-01. CORDIS record →

Objective

TfI SeaSprings is a novel mooring solution for floating offshore structures, e.g. floating offshore wind turbines (FOWTs). State-of-the-art mooring systems mainly approach the complex offshore mooring challenge by increasing the system's strength. Our patent-pending TfI SeaSprings innovation changes mooring system response to reduce peak loads by ~50% and wear and tear by ~30%. As a result, mooring systems can be significantly lighter, their lifespan can be extended, and it allows use of smaller deployment vessels with greater availability and a reduction of ~€170k/day on vessel hire. These factors all lower CapEx and OpEx, which can support FOWTs in reaching target levelised cost of energy (LCOE) of €90/MWh from €160/MWh. This makes SeaSprings a very attractive solution to FOWT developers and energy consumers. The smaller footprint, lighter chains and use of a semi-taut rather than catenary system, reduces environmental impact and crucially opens up new locations for deployment.

Beneficiaries (1)

OrganisationCountryRoleEC contributionSME
TFI MARINE LIMITED IE coordinator €2,425,934 Yes

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Defence Finance Monitor is an analytical and informational product. Grant data is official CORDIS; payment and subscription happen on DFM Analysis.