Since the initiation the early 2000s, Fred. Olsen has run a program to develop technology for generation of electrical power from ocean waves.
Today, engineering and operations are run from the Oslo office, while the commercial department is based in the UK branch.
Our current operational activity is operation with BOLT Lifesaver wave energy converter at the US Navy Wave Energy Test Site outside Marine Corps Base Hawaii, US. Following 13 months deployment from 2016 to 2017, she is preparing for redeployment in June 2018.
The commercial focus is on supplying units that enables remote operation of offshore systems by offering locally generated power and a reliable communication link to shore.