Barge Master gets €7.5 mln cash injection for Feeder construction

Barge Master gets €7.5 mln cash injection for Feeder construction

Impression of the BM-Feeder solution (Source: Barge Master)

Barge Master has been granted €7.5 million from the Energy Transition Fund Rotterdam and the existing shareholders to continue the development of its motion-compensating solutions for the offshore industry.

The company is tackling the major issues in the construction of offshore wind farms with its solutions. One major challenge in the construction of offshore wind farms is the transport of the wind turbine components from the port to the wind farms located far off the coast. The current method involves expensive installation vessels sailing up and down to pick up the components. Barge Master has designed a motion-compensating platform, the Feeder, which can be easily installed on existing vessels. These machines keep the large turbine parts in balance so that they can be craned to the installation vessel at sea.

In this way, the installation vessel can remain at sea and continue to install, while being continuously supplied with new wind turbine components. Existing installation vessels can therefore be deployed more efficiently and have a longer lifespan. The result is a shorter construction time, lower investments and a more competitive price for offshore wind energy. Barge Master’s solution achieves an average CO2 saving of 100 kilotons per year.

Barge Master gets first US OWF gig

Barge Master recently signed a multi-year contract with DEME, one of the world’s largest wind farm contractors, for the construction of the first large-scale commercial offshore wind farm in the United States, Vineyard Wind 1 (804 MW). The contract with DEME requires a total of four Feeder platforms. Thanks to the capital injection, Barge Master can finance the construction of these machines, which can also be used for other offshore wind farms in the future.

Rotterdam worldwide centre of excellence for maritime technology

Dutch companies are used for the development and construction, mostly from Rotterdam and the surrounding area, creating temporarily 89 and structurally 15 jobs in the region. This strengthens Rotterdam’s role as a global centre of excellence in maritime technology. In the future, the technology can also be used for the construction of offshore wind farms off the coast of the Netherlands.

Chantal Zeegers, alderman of Rotterdam for climate, building and living: “Proud that we can contribute to this green entrepreneurship through the Energy Transition Fund Rotterdam. It is these types of entrepreneurs, these types of solutions, that contribute to the major climate challenge we face.”

Author: Adnan Bajic

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