Athens-based Blue Sea Power is expecting to launch LNG-to-power projects using floating barges off three Greek islands by 2025.
Established in 2021, Blue Sea Power develops floating assets and particularly floating power generation units with storage and regasification capabilities (FSRP).
The units with LNG/bio-LNG storage and H2 blending capability have a power generation capacity between 50 MW and 200 MW.
Last year, the firm signed a framework agreement with classification society LR under which the latter will provide classification and assurance services to three FSRPs in Greece.
The contract focuses on floating integrated energy solutions for three non-interconnected (NIIs) Greek islands – Kos, Lesvos, and Chios.
Blue Sea Power said at the time that LR would initially provide the approval in principle service contract to the pre-FEED contract being delivered by Houlder.
According to a joint statement issued by Houlder and Blue Sea Power this week, the UK-based firm completed the key decision studies on the main power generation engine selection and a cargo containment system.
Houlder also completed the design standardization, greenhouse gas (GHG) reduction and efficiency options, and Capex, as well as an environmental study.
In the current phase, Houlder will complete the barge designs to a level that will achieve approval in principle by the class society, LR, and will support Blue Sea Power with the design package for securing suitable tenders from shipyards, the statement said.
The partners expect the FSRP barges to start operations by 2025. They said that there is also potential to develop more barges and even scale up the projects to provide other Greek islands and EU locations.