General – Mooring
Blue economy solutions provider Sustainable Marine has sold its anchoring and mooring business, Swift Anchors, to a newly formed subsidiary of its largest shareholder and long-standing partner, Schottel.
Sustainable Marine has been working with Schottel to jointly develop cutting marine energy solutions for close to a decade. This includes the PLAT-I floating instream tidal energy system which recently became the first of its kind to deliver electricity to the grid in Canada.
Swift Anchors’ technology has been developed in tandem with this pioneering work to facilitate faster and more cost-effective mooring installations in highly energetic tidal sites, with very short working windows.
The announcement comes shortly after the launch of Swift Anchors next-generation, remotely operated rock anchor installation system, dubbed AROV2 – which will be used to install anchors for Sustainable Marine’s Pempa’q Project – the world’s largest floating tidal array.
Swift Anchors’ technology offers a broad range of solutions include large helical screw anchors for sand, shingle and clay seabeds; rock anchors for a range of rocks and grouted piles for mixed seabed geologies. In particular, the rock anchors drive significant OPEX and CAPEX cost savings, plus wide-ranging environmental benefits compared to traditional to gravity anchors.
Now positioned under Schottel’s newly formed subsidiary AQUOS, Swift Anchors will expand its market offering beyond marine energy, into floating wind and offshore aquaculture. Sustainable Marine will remain a key distribution partner for Swift Anchors, with a series of projects currently underway in North America.