Eolos, a Spanish provider of offshore wind and ocean data, is targeting 30% revenue growth by expanding into new offshore wind markets in the US and Asia Pacific.
Eolos now has a fleet of 15 buoys deployed on projects around the world, including the Hesselo wind farm in Denmark, Moray West in the UK and off the coast of Ulsan in South Korea for Shell.
Since inception Eolos has been backed by EIT InnoEnergy, which has provided funding, brokered partnerships and consulted on strategic decisions.
Due to increased demand, Eolos has doubled its current workshop capacity in Spain, tripled its workforce and formed alliances in both the US and the UK.
Eolos CEO Rajai Aghabi said: “To date we have tripled our workforce and we are grateful for all the support we have had from partners, suppliers and our specialist team to make this growth possible.
“In particular, without EIT InnoEnergy’s knowledge and contacts in the offshore wind market, its commercial support and years of expertise in providing counsel to energy entrepreneurs, we wouldn’t be accelerating at the pace we are today.
Eolos’ offering consists of a robust floating buoy that uses LiDAR (light detection and ranging) technology to gather high-quality wind and ocean data from any offshore location.