OSLO, Norway (26 June 2024) - TGS, a global provider of energy data and
intelligence, has announced a new campaign for offshore wind and metocean
measurement located in Morro Bay, off the U.S. West Coast. This initiative
further expands the company's pioneering multi-client wind and metocean
measurement initiatives in key global offshore wind regions.
The campaign seeks to greatly enhance the industry's understanding of offshore
conditions across three wind energy lease areas in Morro Bay by calibrating TGS
proprietary wind models with observational data.
This three-year deployment in an area with an average depth of 1,000 meters will
be the first by TGS on the West Coast of the United States and will add to its
comprehensive library of wind and metocean data collected on the East Coast US,
Norway and Germany. The data gathered will offer crucial insights throughout the
floating wind farm development lifecycle. This includes environmental impact
assessments and technical decisions such as turbine selection, layout
optimization, foundation design, and operations and maintenance planning.
Additionally, it will enable more accurate modeling of capital expenditures
(CAPEX), operational expenditures (OPEX), potential energy production, and grid
requirements. High-quality ocean current measurements and tidal information
collected over this period will be valuable for grid connection planning, while
accurate atmospheric turbulence intensity observations will provide key inputs
for wind farm energy yield.
Supplied by EOLOS, the buoy is equipped with advanced sensors designed to
capture detailed measurements of wind, metocean, and environmental data. Key
metrics include wind speed and direction at turbine hub height, wave heights,
ocean current data across the full water column, and monitoring of birds, bats
and fish. Data will be continuously streamed, quality-controlled, and made
available daily to customers via Wind AXIOM, TGS' state-of-the-art site
evaluation and wind data analytics platform. Wind AXIOM enables wind developers
and stakeholders to improve the quality and speed of their decision-making
processes by identifying the most critical factors affecting the viability of
offshore wind projects.
As with all wind and metocean campaigns conducted by TGS, the multi-client
approach will allow multiple customers to subscribe to the same floating LiDAR
data, thus reducing development costs and timelines. Similar initiatives have
already been successfully deployed on the East Coast of the United States, in
Germany, and offshore Norway, where fleet-wide LiDAR data availability averages
94% across all TGS deployments at a 140-meter measurement height.
Kristian Johansen, CEO of TGS, commented, "TGS remains committed to supporting
the growth of the global offshore wind industry. We are excited to bring our
solutions to California, where floating wind technology is gaining momentum.
With our multi-client floating LiDAR campaign, we make high-quality wind and
metocean data more accessible, enhancing investment and planning decisions and
contributing to the success of U.S. offshore wind development. This ninth LiDAR
deployment within the last two years demonstrates our commitment and the multi-
client model's continued value to the offshore wind industry. It provides
superior data earlier to developers worldwide, helping them reduce risk
throughout the project lifecycle."
This deployment is supported by funding from the offshore wind industry and is
expected to be launched in Q3 2024.
About TGS
TGS provides scientific data and intelligence to companies active in the energy
sector. In addition to a global, extensive and diverse energy data library, TGS
offers specialized services such as advanced processing and analytics alongside
cloud-based data applications and solutions.
Forward-Looking Statement
All statements in this press release other than statements of historical fact
are forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict and are based upon
assumptions as to future events that may not prove accurate. These factors
include volatile market conditions, investment opportunities in new and existing
markets, demand for licensing of data within the energy industry, operational
challenges, and reliance on a cyclical industry and principal customers. Actual
results may differ materially from those expected or projected in the forward-
looking statements. TGS undertakes no responsibility or obligation to update or
alter forward-looking statements for any reason.
For more information, visit TGS.com (http://www.tgs.com) or contact:
Sven Børre Larsen
Chief Financial Officer
investor@tgs.com (mailto:investor@tgs.com)
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