Houston-based Excipio Energy is moving a high-capacity hybrid offshore energy concept toward tank testing, with the aim of having a full-scale prototype ready for installation by 2024.

The company, whose founders came out of the international offshore oil & gas industry, is finalising “agreements or expressions of interest” with 12 companies that will supply components or help develop the Excibuoy concept, which is built around an innovative floating platform fitted with a wind turbine and one of several marine power conversion technologies.