Periscope Network Market Opportunity Report - Offshore Energy Hubs

The transition of the maritime and offshore industries toward a sustainable “Blue Growth” future isdriven by incentives to unlock new growth areas, develop and apply new technologies, and increase productivity. The development and utilization of offshore energy hubs and maintenance provides an opportunity to support the accomplishment of these goals. The rapid development in renewable ocean energy generation provide the context for growth. This report provides an assessment on the prospects for offshore energy hubs. 

To support investment timing decisions for enterprises and research policy, an engagement tool was developed around different configurations for the electrification of the seas. This report presents the outcome and analysis of 4 surveys taken by a total of 98 respondents. Responses indicate that:

  • Tide-powered hydrogen vessels are expected to become an accepted practice 15 years from now (2035), and respondents rated the business potential at 3,58/5. In order to develop this opportunity, respondents primarily point to economic factors (50%) followed by technolog- ical factors (26%). Only 13% and 11% point to political and social factors respectively, while none point to environmental factors in relation to this opportunity.

  • Recharging at wind farms is expected to become an accepted practice 8 years from now (2028), and respondents rated the business potential at 3,77/5. In order to develop this op- portunity, respondents mostly mention economic factors (40%), followed by technological (26%), social factors (17%), political (11%), and environmental factors (6%).

  • Fully electric fish farms are expected to become an accepted practice 10 years from now (2030), and respondents rated the business potential at 3,43/5. In order to develop this op- portunity, respondents mostly mention technical factors (40%), followed by economic (33%), political (17%), environmental (7%), and social factors (3%).

  • Renewable methanol vessels are expected to become an accepted practice 10 years from now (2030), and respondents rated the business potential at 3,52/5. In order to develop this opportunity, respondents mostly mention economic factors (49%), followed by political and technological (17% each), social factors (10%), and environmental factors (7%).

Read the full report here.

By Anna Lygre Solvang