Mojo Maritime to Develop Low Motion Floating Platform

Mojo Maritime Ltd are delighted to announce that they have secured funding to develop, build and test their low motion floating platform for offshore LiDAR measurements (LiDAR is an advanced technology deployed in support of offshore wind energy farms). Concept development and tank testing of the platform performed during 2013 has resulted in a solid design, capable of withstanding the most challenging offshore conditions. The platform is designed as a semi-submersible with adjustable draft ballast, thereby simplifying installation compared with spar-buoy designs, whilst improving low-motion characteristics. Deployment of the platform and motion testing is planned at the Falmouth Bay test site (FABTest) in autumn 2014. Allowing for possible design optimisations, the platform would be redeployed early 2015 to carry out LiDAR validation against a fixed met mast.
In order to accelerate the project and ensure the floating platform design is ready for commercialisation late 2015, Mojo Maritime have been awarded £328,000 of European support from the ERDF-grant for business investment (GBI) scheme based on a total project value of £728,000.

Richard Parkinson, Managing Director of Mojo:
“We are pleased our efforts to drive the marine renewable energy industry forward are recognised by the GBI; this funding allows us to cover a substantial part of our development costs and accelerates the development of our project.”
As offshore wind farms move further offshore, meteorological (met) masts required to measure the potential of a site’s resources become increasingly expensive to design, build and install, thereby driving up total project costs and increasing early project risk. Floating platforms fitted with Lidar measurement equipment offer significant cost reductions in terms of capital and operational expenditure. Being secured by moorings rather than seabed fixings, the platform has minimal environmental impact and can be relocated using inexpensive assets.

For further information on the Low Motion Platform or Mojo Maritime, please contact Matt Hodson or Bart Vroon on 01326 218218

The Low Motion Floating Platform project is part financed by the Grant for Business Investment European Regional Development Fund Programme 2007 to 2013. The Department for Communities and Local Government is the managing authority for the European Regional Development Fund Programme, which is one of the funds established by the European Commission to help local areas stimulate their economic development by investing in projects which will support local businesses and create jobs. For more information visit www.gov.uk/browse/business/funding-debt/european-regional-development-funding

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