Powering Offshore Oil Rigs Efficiently: NoviOcean's Resilient Wave, Wind & Solar

Power Offshore Oil Rigs Sustainably with Ocean Energy: Reduce Costs, Meet Regulations

Offshore oil rigs crucial step for energy transition

Using Wave Energy as a Primary Source for Offshore Platforms

– One of seven markets, early target example –

Operation Cost Savings
At an average cost of $0.3 per kWh, the annual fuel cost for a diesel generator would be approximately $1.005 million. In contrast, NoviOcean offers a significantly lower operational cost, relying primarily on renewable energy
Immediate Need and Investment Cost Savings
Offshore oil rigs need reliable power, but diesel generators are expensive to fuel and maintain. NoviOcean's renewable energy offers immediate savings
Space and Safety Benefits
By housing diesel generators and fuel tanks on NoviOcean units, valuable space on the rig is freed up for other critical operations or additional equipment, enhancing operational efficiency
Environmental Regulations and Public Image
Adopting NoviOcean aligns with regulations to cut emissions, improving public image and potentially attracting incentives.
Existing Infrastructure
Rigs already have the infrastructure for new energy technologies like NoviOcean
Potential for Partnership and Investment
Oil companies are likely to invest in technologies that save costs and meet sustainability goals.

F.A.Q.

NoviOcean’s innovative Hybrid Energy Converter (NHEC) harnesses the combined power of wave, wind, and solar energy. This groundbreaking technology delivers efficient and cost-effective renewable energy, paving the way for a sustainable future.

NoviOcean HEC delivers double the power output per sea area compared to wind power. Its hybrid design (wave, wind, solar) and efficient use of infrastructure lead to a lower Levelized Cost of Energy (LCOE) in early evolution.

Noviocean HEC is easy to produce, install, and maintain due to its modular design and well-proven parts. It boasts a low environmental footprint and superior power-to-weight ratio compared to offshore wind.

NoviOcean offers competitive development costs, with LCOE reaching €100/MWh after only 100 units deployed, then lower. Investment benefits include attractive incentive programs, expected high profits, participation in a meaningful and scaleable clean energy solution, and not the least, extremely positive marketing effects for partners and users.

NoviOcean is in Stage 4 (TRL 7), developing a 1:1 scale pilot to demonstrate real-world performance and pave the way for commercial deployment.

NoviOcean aims to deliver stable ocean energy at a lower cost than offshore wind and secure 0.5 GW of contracted capacity by 2030.

NoviOcean envisions having 10 GW deployed by 2050, capturing 25% of the EU's 2050 target and generating €30 billion in sales within Europe alone. The global market potential is three times larger.

F.A.Q.

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