Floating Power Plant A/S.

Floating Power Plant A/S was established in 2004 has headquarters in Bandholm, Denmark. Company provides clean-tech solutions that designs, develops, and provides a unique floating patented platform for wind and wave energy. Power Barge Corporation has an operational presence in all five continents with offices in United Kingdom, Norway and Denmark.

The company operates in floating platforms, which host a single wind turbine. Company develops semi-submersible platform with a wind turbine capacity ranging from 5-8 MW and about 2-3.6 MW wave power. This platform is fixed at a single point permitting the P80 to inertly rotate to face the waves securing a safe offshore boat landing and transfer aft of the platform. The platform rotation is held via the high wave captivation of 60-80% of the essential energy in the waves.

The company sees product development and technology development as key strategy to reach their commercial goals. The company also believes in developing new relationships and partnerships across multiple channels that will lever company’s strength and provide complementary pathways to new market. Company being the only wave and wind hybrid technology provider in the market, believes to maintain its dominance through progressive development and product customizations. Company thinks to form a consortium, primarily with end users and technical partners, which together can design and develop the first commercial device and small range of products.