Nymo-owned Ocean Ventus has recently introduced a comprehensive end-to-end solution for floating wind technology, while also considering the establishment of a large-scale production facility in Norway. The company's innovative offering aims to reduce the cost of floating wind projects by streamlining various aspects such as foundation production, transportation, assembly, and maintenance.
One notable feature of Ocean Ventus' design is its efficiency, which allows for up to 40% reduction in steel costs and associated CO2 emissions. This design has received Approval in Principle from DNV, a leading classification society and technical advisor. The Ocean Ventus floater can be mass-produced using techniques similar to those employed in monopile production, and its modular construction enables simplified transportation using cost-effective vessels.
To facilitate assembly, the company employs two specially designed barges capable of completing 50 floating units per location each year, thereby minimizing the need for extensive quay space. Furthermore, the foundation of the structure is seamlessly integrated with a patent-pending service vessel, which enables offshore turbine maintenance and eliminates the requirement for towing the turbines back to shore.
In order to further drive down costs, Ocean Ventus intends to establish dedicated large-scale production facilities. The company is currently exploring the possibility of establishing its first factory in Norway, with the aim of producing up to 50 structures annually. By 2028, Ocean Ventus plans to ramp up production to cater to license rounds in key markets around the world.
Halvor Ribe, Chair of Ocean Ventus, expressed confidence in the company's ability to address the challenge of creating cost-competitive foundations for floating wind technology. Ribe emphasized that the company's straightforward design, employment of modular components, and industrialized processes enable serial production and substantial cost savings. Ocean Ventus is eager to introduce this technology to the market and contribute to the growth of offshore wind projects in Norway and globally.
To support its growth ambitions, Ocean Ventus has enlisted the services of Clarksons Securities to provide financial advice and seek potential strategic investors. As a trusted engineering, procurement, and construction (EPC) supplier in the offshore industry, Nymo has played a significant role in developing efficient fabrication, transport, and assembly methods for Ocean Ventus.
The endeavors of Ocean Ventus and its partners highlight the commitment to advancing renewable energy solutions and driving the expansion of offshore wind power. With its innovative end-to-end offering and plans for large-scale production facilities, Ocean Ventus is poised to contribute to the ongoing development of the floating wind sector, ultimately fostering a more sustainable and economically viable energy landscape.
