Nymo-owned Ocean Ventus has launched a complete end-to-end solution for floating wind and is exploring the potential for large-scale production facility in Norway.
The company has developed an offering to bring down the cost of floating wind, from foundation production to transportation, assembly, and maintenance.
The company said its efficient design, which saves up to 40% on steel costs and CO2 emissions, has now received Approval in Principle from DNV.
The Ocean Ventus floater can be mass manufactured using similar methods employed for monopile production, while modular construction allows for simplified transport on low-cost vessels.
Assembly uses two purpose-built barges that can complete 50 floating units per location annually, minimising use of quay space.
Finally, the foundation is designed to work “seamlessly with a patent-pending service vessel”, enabling turbine maintenance offshore and eliminating the need to tow to shore.
To further reduce costs, Ocean Ventus plans to establish dedicated large-scale production facilities and is exploring the potential for a first factory in Norway.
The factory will target production up to 50 structures per year and ramp up in 2028 for delivery to license rounds in key markets.
“Foundations are a key challenge to making floating wind cost competitive, and we believe that Ocean Ventus is uniquely positioned to address this challenge,” said Halvor Ribe, Chair of Ocean Ventus.
“Our simple design, modular components, and industrialized process allow for serial production and significant cost savings. We are excited to bring this technology to market and support the growth of offshore wind in Norway and worldwide.”
Ocean Ventus has engaged Clarksons Securities to advise on financing and seek new strategic investors to support the growth of the company.
Nymo, a long-standing EPC supplier to the offshore market, has contributed to the development of efficient fabrication, transport and assembly methods for Ocean Ventus.