Member Article

Green Marine Solutions receives £450,000 cash injection

Marine coordination and offshore operations specialist, Green Marine Solutions (GMS), is finalising a new software for the marine market, thanks to an investment of £450k from Northstar Ventures’ Finance for Business North East Accelerator Fund.

GMS provide a range of specialist services to owners, operators and contractors of offshore wind farms. This business concept was developed through the founders’ involvement in constructing the Greater Gabbard wind farm, which at the time was the largest offshore wind farm in the world.

Their core services are mapped on the experience of providing safe, robust, and efficient marine operations throughout an offshore wind farm’s lifecycle.

The key service GMS provides is the safe management of all assets, be they personnel vessels or equipment used in the construction and maintenance of the wind farm.

At the peak of construction on Greater Gabbard, the team successfully faced the formidable logistical challenges of managing and tracking over 1,000 people, 30 crew transfer vessels and 10 construction vessels across 140 wind turbines and 2 offshore substations.

From their understanding the needs of complex projects, GMS have developed ROAM (Real time Operations Asset Management) an integrated software solution.

The system enables the management and tracking of all assets in real time throughout the project lifecycle. This means that asset management on projects such as Greater Gabbard will become simpler as the software provides a level of control which has been unobtainable to date.

Justin Moseley of GMS, said: “After our experience of the Greater Gabbard project, we realised that the nature of offshore wind farms was something new due to the fact that each farm is made up of multiple assets – each of which has to be constructed and serviced separately.

“While oil and gas expertise is applicable in the renewable sector, the logistical issues are far more complex and we saw a market opportunity in setting up a business to combat this, of which ROAM is central to our strategy and offering.

“The funding received from Northstar is going to be used primarily to complete the ROAM development, and to build our team.”

Alex Buchan, investment manager at Northstar, said: “Green Marine is a very exciting company to add to our Accelerator portfolio.

“The team, who all have unique experience in this industry, are already really proving themselves and have secured a number of tenders for wind farms, including the Tees wind farm. We believe the software ROAM will become an industry standard.”

The Accelerator Fund is backed by the European Regional Development Fund and the European Investment Bank.

This was posted in Bdaily's Members' News section by HFPR .