First part: Next Ocean
Waves are an important factor for the operability of offshore operations. Think about BOP landing operations in conventional drilling, or (floating) offshore wind turbine installation operations in the renewable energy sector. Operating limits for critical operations are often expressed in statistical properties of the waves: e.g. significant wave height (Hs). A crucial underlying assumption to this classical approach is that we do not know when an extreme wave, or resulting ship motion, will happen; we cannot anticipate its occurrence.
This presentation shows how the wave and ship motion prediction technology of Next Ocean changes this entirely by predicting the future waves and ship motions, up to minutes in advance. The ability to do so allows for an operational risk reduction of 90% or an increased operational limit of 20%, potentially saving significant 'Waiting on Weather' and other operational costs that are often at the risk of the project developer.
Second part: FLASC
FLASC is the leading utility-scale solution suitable for projects requiring co-location of offshore energy production and energy storage. The objective is to bridge the gap between intermittent renewable energy production and a fluctuating consumer demand. This allows, for example, large offshore wind farms to improve the quality of the power that they provide to consumer grids, and also to supply reliable low-carbon power in remote offshore locations, such as oil & gas infrastructure.
The solution combines the principles of pumped hydro with compressed air using a patented hydro-pneumatic technology to offer a safe, reliable and cost-effective energy storage solution. FLASC's technology is tailor-made for the offshore market, leveraging existing infrastructure and established supply-chains.
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