Hexicon AB (publ)
HEXI.ST
Stockholm Stock Exchange0.13
SEK
+0.00
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Hexicon AB (publ)
HEXI.ST
(Stockholm Stock Exchange)
Recent
price
0.13
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Hexicon AB (publ) is a renewable energy company specializing in the development of floating offshore wind projects and technology. Founded in 2009 and headquartered in Stockholm, Sweden, Hexicon operates across Europe, Africa, Asia, and North America. The company’s core offerings include project development of large-scale floating offshore wind farms and technology provision through its patented TwinWind™ platform, which features dual turbines on a single floating foundation. This technology optimizes sea surface use, increases energy yield per area, and reduces environmental impact by enabling deeper water installations inaccessible to traditional offshore wind turbines. Hexicon’s business model operates on two main fronts: early-stage project development and commercialization of its TwinWind™ technology through strategic collaborations and licensing. The company has established joint ventures and partnerships, notably with regional stakeholders and industry players, to expedite project execution and financing. Recent major changes include the completion of the divestment of a 50% stake in two Italian floating offshore wind projects to Ingka Investments and Oxan Energy in 2024, reflecting a strategic focus on strengthening financial position and allowing more emphasis on technology development. Hexicon has also extended its revolving credit facility to support ongoing operations and development activities. The company advances technical milestones, such as conducting the first Integrated Load Assessment with a selected wind turbine generator manufacturer to validate and enhance TwinWind™ performance. Hexicon emphasizes opening new markets beyond shallow waters by targeting deepwater areas globally where floating wind power can be deployed with minimal landscape impact. Its projects include active developments in the UK and Italy and prospects across several continents. The company positions itself as a global leader in floating offshore wind energy, leveraging its patented technology and project development capabilities to accelerate the energy transition and deliver sustainable offshore wind power solutions internationally. Hexicon is listed on Nasdaq First North Premier Growth Market with ticker HEXI and maintains a presence in emerging markets to capitalize on the growing demand for renewable offshore energy.