Balmoral picked up the Inspiration from Innovation award at this year's Northern Star Business Awards, and were presented the title by sponsors Port of Aberdeen.
Balmoral is a shining example of an Aberdeen oil and gas supply chain company successfully adapting and transitioning solutions for the fixed and floating offshore wind industry.
In May 2023, Balmoral unveiled a ground-breaking, globally-patented product, HexDefence, a new technology that solves a significant subsea challenge and the result of extensive research and investment.
Scour conditions pose a grave threat to offshore wind turbine foundation stability and inter-array cable integrity, often resulting in costly cable failures.
Balmoral’s innovative new system eradicates the need for expensive and carbon-intensive practices such as rock dumping could save developers around 70% on installation and through-life costs.
Following productive discussions with leading wind farm developers and industry organisations, Balmoral is progressing towards developing a prototype for field testing.
While the offshore renewables market is still in its early stages, Balmoral recognises the immense global potential for HexDefence technology to emerge as a pivotal player in the ongoing offshore energy transition.
Balmoral’s state-of-the-art product design and manufacturing facility at its home in Aberdeen has been at the core of its ability to deliver detailed design, precise manufacturing, rigorous testing and more for its customers, while delivering exceptional value.
Its latest renewables industry solutions come on the back of its history of offshore energy “firsts”, including a ground-breaking buoyancy/insulation material that was used in Total’s Girassol field offshore West Africa some 20 years ago.
In early 2023, Balmoral's board unveiled a strategic vision that fundamentally shapes its approach to innovation and its integration into its business plan. Central to this vision is the pivotal objective of "product diversification."
The primary aim of this strategic pillar is to position Balmoral as a crucial enabler for the future success of multiple industries, including oil and gas, renewable energy, and defence.
The Finalists
- Aisus Offshore Ltd
- Eserv
- Intellicore Ltd
- PCL Live
About the sponsor
Port of Aberdeen is constantly evolving to support new industries. With the largest berthage in Scotland, the world-class infrastructure, strategic location and expert supply chain make Aberdeen the port-of-choice for any project.