March 2021

In addition, we always have to take local laws and regulations into account. In this specific example in the USA, we had to take all necessary measures, together with our partners, to ensure that we comply with the Jones Act. To make a long story short: collaboration with local parties is an important additional condition for global success and progress. In this sense, this development also concerns another SDG – SDG number 17 – which stands for entering into partnerships to achieve common goals. In order to achieve the SDGs for 2030, a good wide-spread infrastructure is of fundamental importance. Of course, we cannot achieve this without technological progress. Therefore, we are working very hard on developing new solutions, which can be applied under all sorts of different conditions. This means that we will have to develop our expertise in different areas and work together intensively with partners and suppliers. We are thus not only modernizing the global infrastructure for the sustainable energy supply, we are also adapting our own portfolio and expanding our partnerships in a targeted manner. If we wish to achieve our goals in this decade, we will have to further expand and above all optimize our knowledge and chain infrastructure. Whether it is in the West or in the East, international or local, collaboration can actually provide a huge impulse to increasing the sustainability of the global energy supply.

KPI’s for SDG’s With respect to the development and application of marine industry standards, the understanding of complex safety regimes and a focus on safety, reliability and environmental protection are key. Oil and gas experts working on a voluntary basis in industry committees have driven many technological developments and international standards. Joint Industry Projects (JIPs) have also been key instruments in advancing new ideas. The same template is helping the offshore wind industry. Another important driver of progress is formed by the creative work in diverse, multi- cultural, multi-discipline environments. As the offshore wind industry expands from its established based in Europe to other continents, it will benefit from the lessons learned by the diverse oil and gas workforce working in project teams dispersed across execution centers in different countries and time zones. Especially the knowledge and skills to manage large interdisciplinary and complex offshore oil and gas projects will benefit the offshore renewable industry. This applies to field operators, large EPIC companies, contractors and service companies. The 3Ps (People, Planet and Profit) are essential to guarantee a healthy future for the offshore renewable energy business, not just 2Ps (People and Planet). If it does not succeed in developing a profitable business, the renewable energy business will fail to survive. Moreover, the experience of the offshore oil and gas industry in developing and operating projects in a multi-national environment will help the offshore renewable industry expand internationally. In addition, the offshore renewable energy business can benefit from the well-established international supply chain which has been developed by the oil and gas industry since the 1970s. Last but not least, apart from the established collaboration between Naval Architects and Marine Engineers for the development of offshore oil and gas projects, there is another range of technical and business disciplines that contribute to the success of the offshore oil and gas industry. Technical disciplines such as civil engineering, chemical engineering, electrical, geology, mechanical engineering and mining combined with business disciplines such as cost efficiency have made the offshore oil and gas industry a success story which can easily be transferred to the renewable energy business. Not only in the sense of technology and business economics but also in the area of HSE – Health, Safety & Environment. Powering Development With respect to the development and application of Raising the standards of living of a growing population remains one of the greatest challenges of our time. The Human Development Index (HDI) is a composite index of life expectancy, education and per capita income indicators, which is used to rank countries in terms of human development from zero (totally undeveloped) to one (fully developed). Presently about 20% of the world’s population live in countries with an HDI higher than 0.8 and that percentage is expected to increase significantly by 2040 as many densely populated nations progress towards a higher HDI. Raising the HDI for the poorest nations could mean increasing energy consumption per capita by a factor of five or more. Powering the world towards higher development levels in a sustainable way requires a great deal of cooperation, advanced technology and purposeful innovation and a robust infrastructure. Oil and gas companies and their value chain are transforming themselves into a broader energy ecosystem where oil and gas supply will continue to play an important role and where skills will be transferred to renewable forms of energy. Naval Architects and Marine Engineers are challenged to continue improving efficiency and safety in the oil and gas industry by developing the rigs and platforms of the future. These initiatives will make their way into the renewables industry and will contribute to improve the profitability of renewable energy projects, while maintaining a sharp focus on personnel safety and environmental protection.

Floating Offshore Wind Potential in South Korea We conclude this article with an illustrative example of the above-mentioned innovative developments. For instance, we believe strongly in the potential of floating offshore wind in South Korea, which will play a key role in achieving the country’s renewables objectives. Thanks to our extensive experience in offshore projects, GustoMSC is particularly well- positioned to contribute to the successful development of this new technology in South Korea. GustoMSC has been involved in the growing market and upcoming projects for floating wind in Korea since 2019. Already in 2019, our company together with three Korean companies, Hyundai Heavy Industries (HHI), Sejin Heavy Industries (SEJIN) and Korea Maritime Consultants (KOMAC), signed an MoU. The signing companies cover the entire supply chain for the delivery of the Tri-Floater as a floating foundation. The objective of this MOU was to express the intention to participate together in the floating wind projects that are currently under development by developers and initiated by the Metropolitan City of Ulsan, offshore Ulsan Korea. The strong combination and synergy of the signing companies show developers, the local Ulsan government, the central Korean government and the Korean public, the inclusion of first class and highly qualified and trusted Korean companies. This cooperation focuses on maximizing Korean content within the supply chain, in line with the government’s ‘New Deal’ plan, which targets the creation of 1.9 million new jobs through green energy and other new technologies.

Future generation wind turbine foundations The Heavy Lift Telescopic Crane offers an innovative combination of high hoisting and heavy load capability for installing turbines and foundations.

Future generation wind turbine foundations

Fast, Flexible and Safe

Future generation wind turbine foundations The Steady Top Feeder Vessel is a state-of-the-art solution for the transport and feedering of wind turbine components from port to installation site

Mitigating risks in earthquake prone area’s

Mitigating risks in earthquake prone area’s Jack-up insight, expertise with new designs and seismic analysis puts us in a unique position to provide advice on site-specific seismic analysis

Safely unlock the full potential of your unit

Safely unlock the full potential of your unit OSS provides real-time guidance to the operator based on data generated by equipment on board.

Meeting the needs of floating offshore wind market

Meeting the needs of floating offshore wind market The Tri-Floater is a triangular semi-submersible for offshore wind turbines and can be optimized for local environmental conditions and supply chain.

Increasing sustainability through energy efficienc

Increasing sustainability through energy efficienc GustoMSC is working on the use and generation of power on installation vessels for wind turbines, for example through temporary energy storage.

Industry, Innovation and Infrastructure Sustainable Development Goal 9 is about “Industry, Innovation and Infrastructure”. SDG 9 aims to build resilient infrastructure, promote sustainable industrialization and foster innovation. GustoMSC is making a significant contribution in this area, which we aim to expand further in the near future. As a reputable offshore design and engineering consultancy company, we are aware of the complexity of the various offshore markets. We stand for safe and efficient operations at sea and for a sustainable future. That is why innovative developments in technology such as digitalization and the energy transition play an important role for us. Our company’s history shows that flexibility and the ability to meet the demands of the future today ensure that GustoMSC is and will remain relevant for our customers, for society and for our people.

Sharing Knowledge and Collaboration

Get in touch and join the flow for Net Zero

Since its introduction in 2015, GustoMSC has endorsed the SDGs. Recently we have started to align our company, products and services with the ESG Practical Assessment System, a clear set of guidelines on how to achieve the environmental, social and governance goals.

March 2021

Sharing Knowlegde and Collaboration

Increasing the Sustainability of the Global Energy Supply As pioneers, we have developed and continue to develop a wide range of new and innovative applications and equipment, we like to share our knowledge and expertise, and we are involved directly or indirectly in many innovative projects. Take, for example, Dominion Energy. This large US energy supplier aims to provide sustainable electricity to a large number of American households via offshore wind energy. Dominion Energy intends to apply the knowledge and experience that it will gain in this specific project to similar projects in other states in the US. The experience with our product portfolio teaches us that successful implementation depends on the hardware and software that can be adapted to local conditions where ever in the world. For instance, Dominion Energy can build the wind farm off the coast of Virginia with a new wind energy installation jack-up. At the same time, this is actually the only part of the US East Coast where you can enter a port with this large installation vessel. Other ports on the East Coast pose other infrastructural challenges for which, for example, where a Steady Top Feeder Vessel can provide a solution. For this concept, cooperation was sought with Barge Master, which provides the technology for the safe transportation of large and heavy wind turbine components from a ship to the jack-up platform.

Get in touch and join us on our journey towards Net Zero.

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We provide offshore designs, reliable equipment and engineering solutions. Building on decades of experience and technical expertise in offshore energy, we turn innovative ideas into practical offerings. Together, we navigate the evolving offshore domain and harness its potential to build a resilient future. Please subscribe to the newsletter so we can keep you up to date with our latest stories and extra news updates.

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