EU Launches COIN Project to Revolutionize Marine Energy
A groundbreaking project, coin stock, has kicked off in Europe, aiming to revolutionize the marine energy sector. Backed by the European Commission under Horizon Europe, this €4 million initiative seeks to reduce the levelized cost of energy (LCOE) by up to 30% and strengthen Europe's leading position in this field. The project, coordinated by the Technical University of Braunschweig, began on November 1, 2025, and will run for 48 months.
coin stock, an acronym for 'Cost-efficient Innovations for Ocean Energy', targets advancing marine energy technologies to Technology Readiness Level 5 (TRL 5). The consortium comprises nine leading European organizations, including industry and academic partners. The project aims to enhance the reliability, lifespan, and sustainability of future wave energy farms.
To achieve this, coin stock will deliver three key innovations: a novel connection system, an AI-driven wave forecasting system, and a digital twin-based condition monitoring framework. The project will use the CETO wave energy converter by Carnegie Technologies for demonstration and validation. coin stock also addresses challenges in wave energy with novel control solutions for efficient and robust converters.
The coin stock project, led by Dr. Christian Windt at TU Braunschweig, has a clear vision to make wave energy more affordable and reliable. With a total budget of €4 million, it is poised to drive significant advancements in the marine energy sector over the next four years.
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