| 2001: |
Inocean Construction A/S carries out dynamic simulations for the oil & gas industry. Idea for deep water offshore wind power conceived. |
| 2002: |
First patent application of the SWAY system. |
| 2003: |
The first detailed study of a large-scale SWAY wind park was carried out at a North Sea location in 120m water depth based on the SWAY® technology. Client: Major Oil & Gas company. |
| 2004: |
A case study was carried out to utilize the SWAY technology to electrify an oil platform in the Norwegian Sea. Client: Shell Technology Norway. |
| 2004: |
Inocean Construction A/S changed name to Sway A/S. |
| 2005: |
A 10MNOK budget 3 year development project for the SWAY concept is initiated primo 2005 supported by the Norwegian Research Council, Statkraft, Shell Technology Norway and Lyse. |
| 2006: |
Further development of original idea. Extensive dynamic simulations of the concept. |
| 2007: |
Preparation of full scale prototype project. |
| 2007: |
Equity raise 150 mill. NOK |
| 2008: |
Sway is expanding the organization. |
| 2008: |
Sway applies for concession. Download the application for concession here. |
| 2009: |
Sway received concession from NVE. |
| 2009: |
AREVA-Multibrid and Sway announce partnership. |
| 2009: |
Sway seeks concession for test turbine in Øygarden. Download the press release here. |
| 2009: |
Sway is granted concession for test turbine in Øygarden. |
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