Aikido Technologies Inc. has completed its first floating platform for offshore wind turbines off the coast of Mississippi, which is a significant advancement in deploying traditional turbines further from land.

This solution aims to utilize stronger and more consistent winds in deeper waters, positioning the company for potential commercialization.

Despite federal backing, Aikido is not relying on the U.S. market as its primary source of revenue due to the challenging economic landscape for the offshore wind industry domestically.

The company is navigating a complex environment, especially considering President-Elect Donald Trump's opposition to offshore wind initiatives, which may impact future developments in the sector.