22.70
-5.42%
Close of 9 Nov 2026, in SEK
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About SeaTwirl AB (publ)
Its shares trade on Nasdaq Stockholm under the ticker STW.ST. It has been listed since 22 December 2016. In the fiscal year to 31 August 2024, it reported revenue of SEK 6.5m and a net loss of SEK 18.4m. At that date it held total assets of SEK 143.3m and shareholders' equity of SEK 130.3m.
SeaTwirl AB is a development company. The company is headquartered in Goeteborg, Vastra Gotalands. The company went IPO on 2016-12-22. The firm operates as a manufacturer and designer of floating wind turbine customized for the ocean. The firm's technology uses a vertical axis wind turbine with a tower that is attached to a floating structure that stretches deep below the water’s surface. The wind turbine, tower and submerged structure, which has a buoyancy element and keel, are fixed together and rotate as a single unit. The water carries the full weight of the structure and when the wind turbine captures wind energy the structure is stabilized by the keel like the function of a sailing boat. The generator housing, which is wrapped around the tower at the base of the wind turbine above the surface of the water, contains the generator that transforms the kinetic energy of the wind turbine into electrical energy.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Electrical Equipment
- Listed since
- 22 Dec 2016
- Website
- seatwirl.com ↗
Leadership
Pay as last reported
- Mr. Jens TommerupChairman of the Board, since 2018
- Mr. Peter LauritsChief Executive Officer, since 2017
- Mr. Andreas BorjessonResearch & Development Design Engineer
- Mr. Daniel EhrnbergInventor and Technical Specialist, since 2019
- Mr. Vahik KhodagolianSenior Fluid Dynamics Engineer
- Ms. Julia SkalegardProject Engineer and R&D Project Leader
- Mr. Pontus RydDirector
- Ms. Charlotte BergqvistIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- SeaTwirl AB's vertical axis wind turbine technology is unique in the floating wind sector.
- The company's design uses a buoyancy element and keel for stabilization like a sailing boat.
- The generator housing wrapped around the tower efficiently transforms kinetic energy into electricity.
Weaknesses
- SeaTwirl AB has no manufacturing facilities in the current business model.
- The company relies on external partners for production and assembly of components.
- SeaTwirl AB's technology is still in the development phase with no commercial deployment.
Opportunities
- The global floating wind market is projected to grow significantly by 2030.
- SeaTwirl AB could partner with major energy companies for large-scale projects.
- The company's technology is suitable for deep-water offshore wind farms.
Threats
- Competition from established wind turbine manufacturers in the offshore sector.
- Regulatory changes in European maritime zones could impact project approvals.
- SeaTwirl AB faces challenges in securing sufficient funding for full-scale production.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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