Cross-industry learning is vital to reduce offshore wind energy unit costs
Robert Speht
Passionate about offshore & floating wind. Expert in breaking in to new offshore wind markets, rolling out new product/service offerings, building new teams for projects or long-term.
Offshore wind energy has a US$900?billion pipeline worldwide, but the industry needs to do more to boost investor confidence and?reduce costs.?
Today, every offshore wind project is a prototype. Designed and built differently with bespoke parameters for turbines, foundation requirements, site layout, deployment ports, and contractors. Variance from project-to-project requires large amounts of working capital, which slows project investment across the industry and hinders the sector’s progress.?
This approach blocks economies of scale, inhibits quality management for project construction, and extends construction schedules – cumulatively wasting billions of dollars in time and investment.
There is a real opportunity for the offshore wind industry to revolutionise how renewable energy is deployed globally. We can learn from other industries to standardise and automate topside and bottomside manufacturing and assembly, to make deployment easier, lower the cost of energy and speed the transition.
The solution should be coming from other industries which have already navigated this hurdle to reduce their own costs and create a mass market for their products.?With?tried-and-tested lean manufacturing and just-in-time techniques,?floating offshore wind can be rapidly expanded as a core renewable technology.?
As the industry strives for the lowest CAPEX and highest possible return on investment (ROI), we are exploring a new approach to offshore wind. Our Ready-to-Float approach combines?combine proven wind turbines and commercially-ready floating platforms to?assemble the foundation and turbine?at?the?harbour side and uses?ocean-going tugboats to?tow the turbine to location and tether it in place. The sooner the turbines are secured on location, the faster they can deliver a revenue stream.
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Even for shallower wind farms, this will provide a faster, more cost-effective and safer alternative to current assembly at sea approaches that require costly jack-up and installation vessels.?
There is growing recognition that while offshore wind delivers clean energy, more needs to be done to reduce the carbon emissions created through the current installation process.?
With this new standardised, automated approach, carbon tracking and Carbon Trust accredited CO2 offsetting, it is possible to achieve zero CO2 from day one.
For more information about FloatWind Ltd,?please click here:?www.float-wind.com
Green Chemical Engineer
3 年In the oil industry we had a thing called CRINE in the nineties. Cost Reduction In the New Era Basically everyone bought the cheapest equipment possible regardless of it would work for long and we spent the next few decades dealing with the many failures, downtime and extra opex trying to fix it all with variable success. Just as in buying a car, in the long run it doesn't pay to buy one with a rubber band for an engine, dodgy tyres and brakes, no windscreen and no support/guarantees even though accountants love the lowest cost. Please don't do the same. https://www.digitalenergyjournal.com/n/What_can_we_learn_from_CRINE/7268dc41.aspx#:~:text=The%20CRINE%20'Cost%20Reduction%20in,according%20to%20Wood%20Mackenzie%20calculations.
HR-Chef R?ddningstj?nsten Storg?teborg
3 年Watch this. Sandia Labs (a leading renewable energy research institute) has concluded that offshore vertical-axis wind turbines will have a 20% lower LCOE (Levelized Cost of Energy) than horizontal-axis wind turbines. This correlates well with LCOE estimates carried out for SeaTwirl, resulting in an average estimation of 21% lower LCOE. Read more here (info sheet from SeaTwirl, 2020). https://youtu.be/wMftW4ldguI
Senior Associate at Stress Engineering Services
3 年Completely agree! I had some very productive discussions at the IPF this week regarding transferrable knowledge from our offshore oil & gas experience. Truly exciting time to be in offshore wind!
Experienced Senior Consultant: Energy Asset Management, Major & Decommissioning Projects: Oil & Gas ● Nuclear ● Petrochemical
3 年No chance - the Offshore Wind Industry knows better and has to reinvent the wheel - that’s why they are going about offshore floating hydrogen production - because the oil industry hasn’t spent the last 30 years trying to do everything onshore! What do they know? Nothing it seems!
We are looking to hire a remote proposal writer and project managers.
3 年YES!!! ? Spot on!!! I couldn’t agree more that cross industry learning is critical to the #EnergyTransition. We apply what we’ve learned in #concrete #manufacturing in onshore wind to #offshorewind fix bottom, to #floatingwind, to energy storage, to #waveenergy, and now #floatingsolar??.