Tugdock has secured new investment from a US-based supply chain company serving the offshore wind sector.
Falmouth-business Tugdock is the developer of the world’s first road-transportable floating dry dock – the Tugdock Submersible Platform (TSP) – and this new partnership with Crowley will look to help advance offshore wind energy in the US.
“This important investment and collaboration with Tugdock strategically complement our vision and market-leading logistics capabilities to support wind energy development from beginning to end,” said Bob Karl, SVP and general manager at Crowley Wind Services.
“Not only will we help installation developers solve logistics challenges, as a leader in sustainable and innovative maritime logistics Crowley will further the use of offshore wind as a leading alternative energy source by working together with our customers, suppliers, policymakers and others across our value chain for innovations like the Tugdock Submersible Platform.”
In September 2022, the US Government announced a goal to deploy 15 gigawatts of installed floating offshore wind capacity off the coast by 2035—enough clean energy to power over 5 million American homes. This supports a US target to reduce the cost of floating offshore wind energy by more than 70%, to $45 per megawatt-hour by 2035.
Tugdock CEO Shane Carr said: “We are delighted to form a new partnership with Crowley, a visionary company at the forefront of marine innovation.
“Their strategic investment will enable us to take our unique technology to the US floating offshore wind market for the first time. We believe that our new partnership will help accelerate the growth of floating offshore wind in the US.”