ABS, Akselos Sign Floating Wind MOU

ABS and Akselos have signed a Memorandum of Understanding (MoU) to advance engineering and certification processes for floating offshore wind projects.

The companies signed a Memorandum of Understanding (MoU) to collaborate on solutions aimed at optimizing design, reducing costs, and improving efficiency for the floating wind sector globally.

The collaboration utilizes ABS's expertise in offshore certification and classification with Akselos' simulation technology for structural risk mitigation and optimization. Together, they aim to support the U.S. Department of Energy's Floating Offshore Wind Energy Shot initiative, which targets a 70 percent reduction in costs to achieve $45 per MWh by 2035, and the wider global market, which has significant potential for growth.

“The safe, sustainable, reliable and fit-for-purpose infrastructure required for the floating offshore wind market is crucial for the growth and evolution of the industry. Enabling enhanced technology solutions will aid in the reduction of LCOE and support decision making by financial and insurance institutions. The partnership between ABS and Akselos will support the ever-growing need for renewable offshore energy and continue to support