About Floating Power Plant
Floating Power Plant is a company based in Bandholm (Denmark) founded in 2004 by Hans Marius Pedersen.. Floating Power Plant has raised $16.75 million across 20 funding rounds from investors including European Union, EIC Fund and Lolland Kommune. The company has 10 employees as of September 30, 2022. Floating Power Plant offers products and services including Ocean Energy Technology and SEAWORTHY Project. Floating Power Plant operates in a competitive market with competitors including Carnegie Clean Energy, Ocean Power Technologies, Marine Power Systems, CorPower Ocean and Wavepiston, among others.
- Headquarter Bandholm, Denmark
- Employees 10 as on 30 Sep, 2022
- Founders Hans Marius Pedersen
- Stage Minicorn
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Floating Power Plant A/S
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Annual Revenue
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Net Profit
$-1.23 M (USD)-234703as on Sep 30, 2022
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EBITDA
$-1.38 M (USD)-262084as on Sep 30, 2022
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Total Equity Funding
$16.75 M (USD)
in 20 rounds
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Latest Funding Round
$2.05 M (USD), Grant
Jan 01, 2024
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Investors
European Union
& 2 more
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Employee Count
10
as on Sep 30, 2022
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Products & Services of Floating Power Plant
Floating Power Plant offers a comprehensive portfolio of products and services, including Ocean Energy Technology and SEAWORTHY Project. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Patented system for harvesting energy from ocean waves and storage.
Technology demonstrator for ocean energy applications in various grids.
Funding Insights of Floating Power Plant
Floating Power Plant has successfully raised a total of $16.75M across 20 strategic funding rounds. The most recent funding activity was a Grant round of $2.05 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 20
- Last Round Grant — $2.1M
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First Round
First Round
(05 Apr 2006)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Grant - Floating Power Plant | Valuation |
investors |
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| Dec, 2023 | Amount | Grant - Floating Power Plant | Valuation |
investors |
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| Oct, 2022 | Amount | Seed - Floating Power Plant | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Floating Power Plant
Floating Power Plant has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, EIC Fund and Lolland Kommune. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Municipal services are provided by Lolland Kommune in Denmark.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Floating Power Plant
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Floating Power Plant
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Floating Power Plant Comparisons
Competitors of Floating Power Plant
Floating Power Plant operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Carnegie Clean Energy, Ocean Power Technologies, Marine Power Systems, CorPower Ocean and Wavepiston, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
CETO wave energy converters and solar PV systems are provided.
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| domain | founded_year | HQ Location |
Ocean energy technologies are provided for intelligent maritime solutions.
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| domain | founded_year | HQ Location |
Modular technology for deep-water offshore wind deployment is engineered.
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| domain | founded_year | HQ Location |
Wave energy converter solutions provider
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| domain | founded_year | HQ Location |
Wave energy is generated via buoy-anchored wire systems.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Floating Power Plant
Frequently Asked Questions about Floating Power Plant
When was Floating Power Plant founded?
Floating Power Plant was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Where is Floating Power Plant located?
Floating Power Plant is headquartered in Bandholm, Denmark.
Who is the current CEO of Floating Power Plant?
Anders Kohler is the current CEO of Floating Power Plant.
Is Floating Power Plant a funded company?
Floating Power Plant is a funded company, having raised a total of $16.75M across 20 funding rounds to date. The company's 1st funding round was a Seed of $102.56K, raised on Apr 05, 2006.
How many employees does Floating Power Plant have?
As of Sep 30, 2022, the latest employee count at Floating Power Plant is 10.
What does Floating Power Plant do?
Floating Power Plant was founded in 2004 in Bandholm, Denmark, within the renewable energy sector. Floating platforms for wind and wave energy generation are developed, including a patented design that allows turbines to capture power from both sources. Operations focus on wave energy converters using an oscillating water column integrated with an oil hydraulic power take-off system to produce electricity. Services encompass system design and deployment for offshore applications.
Who are the top competitors of Floating Power Plant?
Floating Power Plant's top competitors include Marine Power Systems, Carnegie Clean Energy and CorPower Ocean.
What products or services does Floating Power Plant offer?
Floating Power Plant offers Ocean Energy Technology and SEAWORTHY Project.
Who are Floating Power Plant's investors?
Floating Power Plant has 3 investors. Key investors include European Union, EIC Fund, and Lolland Kommune.
What is Floating Power Plant's valuation?
The valuation of Floating Power Plant is $46.73M as of Oct 2022.
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