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THE HYBRID-ELECTRIC CSOV , AN ULSTEIN-DESIGNED SX222, OPERATES IN AN OFFSHORE OLYMPIC BOREAS

WIND FARM. VESSELS LIKE THIS ARE CENTRAL TO OLYMPIC'S STRATEGY, EMBODYING A NEW GENERATION OF

HARDWARE THAT SIGNIFICANTLY CUTS FUEL CONSUMPTION WHILE BOOSTING OPERATIONAL OUTPUT.

A RENDERING OF THE KONGSBERG UT 7623 SUSTAINABLE ENERGY VESSELS (SEVS) SLATED FOR DELIVERY

TO OLYMPIC SUBSEA IN 2027. THE DESIGN VISUALIZES THE COMPANY'S DUAL-MARKET STRATEGY, WITH

VESSELS CAPABLE OF SERVING BOTH OFFSHORE WIND AND TRADITIONAL OIL AND GAS INSTALLATIONS.

Image courtesy Olympic Subsea Image courtesy Olympic Subsea slated for delivery in 2027. These vessels incorporate close emission reductions, with simple administration and clear, to NOK 1 billion in equipment and technology from the measurable effects,” he stated.

Norwegian maritime cluster per pair. "We are aiming for at least a 10% further reduction on the newbuilds... we invest

THE BUSINESS CASE more to achieve lower consumption and higher effciency,"

The strategy is already rebalancing the company’s port-

Remøy stated.

folio. “Ten years from now, renewables will be our most important leg to stand on,” Remøy predicted, “but oil and gas will be around for decades and will need effcient infra-

REMØY PROPOSES A CO FUND 2

With Norway’s CO tax expected to rise signifcantly by structure. Our newbuilds ft both.” 2 2030, Remøy argues passionately that the industry needs a This versatility and performance are key for clients like mechanism to accelerate its green transition. His solution Siemens, RWE, Ørsted, and GE. This success, Remøy is a dedicated CO fund, modeled directly on the country's insists, is rooted in local collaboration. “The Norwe- 2

NOx Fund—a framework that has been a proven success gian maritime cluster is absolutely crucial,” he explained. in fnancing emissions-cutting projects since 2008. “Without close cooperation with suppliers and shipyards, “The tax should be returned to the industry through we could not have achieved this.” a CO fund. That way, shipping companies can invest in For Remøy, the path forward is clear and pragmatic. 2 green technology that actually cuts emissions”. “Our approach is to lead by cutting energy consumption

Remøy pointed out that such a system would create a frst,” he concluded. “After that, the choice of fuel—be it powerful circular economy for decarbonization. It would methanol, hydrogen, ammonia, or battery—can follow not only incentivize shipowners to adopt new technologies once the market and infrastructure are ready.” but also strengthen the Norwegian equipment industry's The once-skeptical voices have grown quieter as the data global competitiveness by scaling up demand for innova- from the new feet comes in, proving that the big bet on ef- tive, cost-effective solutions. “In Norway, we should do the fciency is already paying off—not just in lower emissions, same as the EU requires and ensure the money is used for but in the hard-nosed economics of offshore operations.

NOVEMBER/DECEMBER 2025 OFFSHORE ENGINEER 29