September 12, 2024 – Västerås, Sweden Windeed is excited to announce the signing of a Letter of Intent (LOI) with ASCO, a leading global provider of logistics and materials management. This partnership aims to strengthen both companies’ positions in the floating wind sector by optimising logistics and operations for floating offshore wind projects. Key Goals of the Partnership The collaboration will focus on creating a comprehensive logistics plan to facilitate the construction and deployment of 1 GW of floating wind power in a single season using Windeed’s innovative floater technology. Additionally, an advanced operations and maintenance (O&M) services plan will be developed. A core component of this strategy is the use of Windeed’s unique in-situ heavy lifting solutions, allowing for significant turbine repairs directly at sea. This capability minimizes downtime and reduces the Levelized Cost of Electricity (LCOE), making Windeed’s floating wind solutions both cost-effective and efficient. About Windeed Windeed develops best-in-class patented floating wind solutions that harness the vast potential of offshore wind resources. Our proprietary floater and mooring designs, verified by external parties, enable higher capacity factors and offer a cost-effective renewable energy alternative. Windeed’s innovative solutions overcome critical industrial limitations, paving the way for rapid industry growth. About ASCO ASCO has extensive experience supporting the offshore energy sector almost 60 years, offering a suite of integrated services including logistics, materials management, lifting and assurance, warehousing, and marine coordination. This partnership presents a significant opportunity for ASCO to expand its footprint in the rapidly growing floating wind sector. By aligning with Windeed, ASCO can enhance its capabilities and tap into the vast potential of the floating wind market, which is set to become a key player in the global transition to renewable energy. For more information, please contact: Bertil Moritz CEO, Windeed bertil.moritz@windeed.se Daniel Robb Business Development Manager, ASCO daniel.robb@ascoworld.com

Copenhagen, 14 May 2024 Windeed is thrilled to announce the signing of a Letter of Intent (LOI) with RelyOn Nutec, a leading provider of safety and competence services. This partnership marks a significant step towards advancing our offshore wind projects by developing robust local workforces. Empowering Local Workforces for Offshore Wind Projects At Windeed, we believe that local talent is crucial to the success of renewable energy projects. Partnering with RelyOn Nutec, renowned for its expertise in workforce development, will enable us to equip communities with the necessary skills to thrive in the offshore wind industry. This collaboration aims to: Enhance Workforce Skills: By leveraging RelyOn Nutec's advanced training programs, we will ensure that local talent is well-prepared to support our offshore wind projects. Increase Project Efficiency: Streamlined training processes will facilitate quicker and more effective project deployment, reducing overall costs and timelines. Create Sustainable Job Opportunities: We are committed to fostering economic growth in the regions where we operate, creating meaningful and lasting job opportunities. Paving the Way for a Sustainable Future As the world increasingly shifts towards renewable energy, it is imperative to ensure that local communities benefit from these advancements. Through this partnership, we are dedicated to empowering individuals with the skills and training needed to thrive in the rapidly growing offshore wind industry. This LOI represents just the beginning of an exciting partnership. About Windeed Windeed develops best-in-class patented floating wind solutions that harness the vast potential of offshore wind resources. Our proprietary floater and mooring designs, verified by external parties, enable higher capacity factors and offer a cost-effective renewable energy alternative. Windeed’s innovative solutions overcome critical industrial limitations, paving the way for rapid industry growth. About RelyOn Nutec RelyOn Nutec delivers safety, compliance, and competence services to safety-critical industries worldwide. With over 30 facilities, RelyOn Nutec helps clients protect their people, assets, and the environment. The company has a deep history going back over 50 years and leads through the intelligent application of the latest technology, including digital learning, simulation technology, and a market-leading suite of SaaS applications. RelyOn Nutec is the preferred end-to-end partner to develop and maintain a safe workplace. For more information, vists RelyOn Nutec .

Ny Teknik, one of Sweden’s premier technology publications, recently featured Windeed and our innovative floating wind technology. The article highlights our founder and CEO, Bertil Moritz, who described our floating wind turbine concept as “the Billy bookshelf of wind power” due to its modular design. This unique structure is designed for industrial-scale production, setting us apart from traditional, material-intensive offshore designs. The article details our recent wave tank tests at Aalborg University in Denmark, which confirmed the stability and resilience of our lightweight floating foundation. Designed with a central tower anchored by three buoyant steel cylinders, our system uses advanced materials to ensure minimal wear and maximum durability, even in rough sea conditions. Our approach achieves comparable LCOE to land-based wind power. This recognition by Ny Teknik underscores our uniqueness and the market's interest in Windeed's solution. Read the article here .

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At Windeed we are thrilled to introduce the great individuals who are joining the Windeed board, advancing the floating wind energy industry. With their diverse backgrounds and wealth of experience in entrepreneurship and global industry, they are poised to take Windeed to the next phase of the journey to commercialize its innovative floater concept and build partnerships. Windeed is delighted to welcome its new board members: Christer Parkegren – Chairman With his long entrepreneurial journey and expertise in growth strategies and international business, he is a true asset to the Windeed team. Christer's background as the founder of VG Power and his key roles at ABB and Voith Hydro demonstrate his abilities. As Chairman of Prevas and through his involvement in various national and international companies, Christer has proven himself as a dynamic and visionary leader. His international experience and focus on developing growth and profitable strategies will be of great value to Windeed. Anders Lindberg Anders brings solid global industrial experience, having served as an EVP at Ørsted offshore wind and currently heading Wärtsilä Energy. With his impressive track record in managing large global industrial organizations, including his roles at Dellner Couplers AB and Bombardier Transportation, Anders has showcased his relevant and strong business development skills. His expertise in complex sales, project management, system integration, and innovation will be instrumental in driving Windeed’s strategy. Linda Burenius Linda brings strong environmental focus and experience. As the former Chairman of the board of the Swedish Wind Energy Association and her key roles at Global Challenges Foundation and OX2, Linda has consistently demonstrated her commitment to sustainability. Her extensive experience in advocacy, communication, management, and relationship building makes her a change leader with a creative problem-solving approach. Linda's knowledge in environmental and climate issues will be instrumental in driving initiatives forward. Bertil Moritz , founder and CEO of Windeed, will remain in the board. As Windeed transitions into the commercial phase, the distinct qualities and experiences of each board member are set to benefit the company immensely. Anders' strategy implementation, Christer's startup acumen, and Linda's strong advocacy for renewable energy all converge, enabling Windeed to accelerate its mission. Stay tuned for more updates on Windeed's progress!

A group of six resourceful students from Uppsala University have significantly contributed to floating wind farm development during their three-month research project at Windeed. The students, Mattias Blavier, Elin Granath, Emelie Jin, Elin Johansson, Axel Svensson, and Kristina Thylin, embarked on this project as part of their Bachelor Theses in the energy systems program. Their research aimed to optimize the Levelized Cost of Electricity (LCOE) for a typical floating wind farm site, scrutinizing several factors including wind rose data, turbine wake effects, bathymetry, and mooring system requirements. Tom McKay, Project Development Lead at Windeed, commended the students' contribution to the organization, stating, "Their time here has been a valuable learning journey, benefiting both the students and Windeed alike." Floating wind power is recognized by one of the most cost-effective ways to quickly increase renewable energy production with minimal impact on urban and rural landscapes. The research conducted by these students has provided fresh insights into this form of energy production, reinforcing its potential for the future. Windeed applauds the hard work and dedication displayed by the students from Uppsala University and looks forward to observing their continued contributions to renewable energy in the future.

Windeed, a Swedish company that develops innovative floating offshore wind power solutions, has been selected to Sting's Incubate Deeptech program. Windeed receives support and coaching from Sting's experienced entrepreneurs and experts, as well as access to a network of investors, partners and customers. “We are very excited and honored to be part of Sting's deeptech program. This is a great opportunity for us to accelerate our development and commercialization of our innovative floating offshore wind power solution. Windeed has a huge potential to contribute to the global energy transition, and we are eager to make it happen with our partners and customers." said Bertil Moritz, founder and CEO of Windeed. Sting's Incubate Deeptech is a 18-24 months program designed for startups with advanced technologies that can solve global challenges and create positive impact. The program offers tailor-made coaching, workshops, funding opportunities and access to Sting's extensive network of industry experts, investors and potential customers. Sting has been named the “Best Accelerator in the world” and is the main runway for Startups in Stockholm. Windeed’s floater is a low-weight and low-acceleration force solution for offshore wind turbines. Utilizing proven and commonly available industrial manufacturing and assembly processes, it offers the market one of the highest production rate of any floater. Its competitive price and superior performance results in a lower levelized cost of energy (LCOE) compared to other known solutions on the market. For more info, contact: hakan.normark@windeed.se

The Windeed floater solution has been granted an Approval in Principle (AiP) by Bureau Veritas, the world-renowned classification society, marking a significant milestone in the development of Windeed’s innovative technology.