OSLO, Norway (07 May 2024) - TGS, a global provider of energy data and
intelligence, has today announced the commencement of its latest multi-client
wind measurement campaign using two LiDAR buoys offshore Germany in the North
Sea.
The buoys are equipped with a multitude of sensors, allowing detailed
measurements of wind, metocean and environmental data. The collected data is
streamed to shore and used to enhance decision-making to support several current
and future wind lease rounds in the German Bight.
The TGS multi-client approach, where multiple customers can subscribe to the
same floating LiDAR data, significantly advantages offshore wind developers by
reducing development costs and timelines and providing a unique, early
opportunity to minimize uncertainty in future energy generation. Similar
programs have already been deployed across the East Coast of America, where five
buoys are currently collecting data, and offshore Norway, where data
availability has averaged 96% at 160 m measurement height throughout the
deployment.
Kristian Johansen, CEO of TGS, commented: "TGS is committed to supporting the
growth of global offshore wind energy with data and insights. Early access to
essential wind and metocean data significantly mitigates investment risks,
empowers informed decisions, and ensures smooth project implementation across
the wind development lifecycle. With this deployment, we can proudly boast eight
offshore LiDAR campaigns concurrently collecting critical wind data worldwide,
and more deployments are likely to follow as new areas open up globally."
The buoys offshore Germany, supplied by Green Rebel, will deliver a
comprehensive wind data suite over a 24-month measurement campaign. In addition
to wind speed measurements, the data package includes 12 months of critical
metocean data, such as significant wave heights and ocean current profiles,
acquired via Directional Waverider buoys and seabed-mounted Acoustic Doppler
Current Profilers. Data will be continuously streamed, quality-controlled, and
made available to customers daily through the Wind AXIOM platform, TGS'
comprehensive site evaluation and wind data analytics tool. Wind AXIOM allows
wind developers and stakeholders to constrain the most influential factors
affecting the viability of offshore wind projects, improving the quality and
speed of decisions.
All projects are supported by offshore wind industry funding.
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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