Offshore Marine Systems is seeking to raise £4 Million in equity funding, for the construction and deployment of a revolutionary full scale 6 Megawatt Wave Energy Converter (W.E.C.)
Our company is located in the Northern powerhouse area of North East England, home of innovators George & Robert Stephenson (first steam passenger railways), Charles Parsons (steam turbine electrical generation), William Armstrong (hydro electrical generation).
This area is renowned for its major contribution to the industrial revolution. As Northerners, we believe this is an appropriate setting to base our company, where we will strive to emulate those local innovative predecessors.
Our Wave Energy Converter (W.E.C.) possesses many advanced engineering design features that ensure it can operate far offshore in hostile seas and oceans, generating electrical power for shore based receivers on the mainland, with the ability to resist severe storms and survive intact.
The purpose of operating far offshore is to capture the high energy density waves that exist there.
Inshore waves produce approximately 30 kilowatts per metre, whereas offshore waves contain in excess of 90 kilowatts per metre, this being an obvious location for the W.E.C to operate.
We are aware of electrical generation losses in cabling over long transmission distances, employing the high voltage alternating current systems (HVAC). To overcome this problem our W.E.C is equipped with a sophisticated high voltage direct current system (HVDC), which unlike high voltage alternating current (HVAC), DC currents are largely unaffected by many resistive forces in lengthy cabling transmissions.
The W.E.C operates a reliable and efficient power generation system through its unique innovative direct drive power take off mechanism (PTO). Other features of the W.E.C. are that no specially adapted ships, tugs, or heavy lifting vessels are required for its deployment or installation, as the unit is self-contained, with its own individual on board propulsion, steering and navigation systems.
The only requirement being an escort vessel with dedicated engineering technicians for mechanical coupling and electrical transmission cable connection purposes.
The W.E.C is a substantial, robust structure capable of operating and surviving in the hostile environment of the world’s oceans and seas. Our W.E.C could be particularly beneficial to island states and developing countries with coastal access, which relies heavily on the importation of expensive fuels for their electrical generation. If these islands and countries adopt our W.E.C with its low operation and maintenance costs, short servicing intervals and extensive operational periods they would discover significant financial savings in electrical generation costs compared to imported fuels.
Also of interest to these islands and countries with basic infrastructure is that port or dock facilities are not essential for the operation of the W.E.C as servicing and maintenance are designed to be conducted on any suitable compacted tidal beach or tidal estuary with access to firm ground.
Given the W.E.C innovative design features operation and maintenance (O+M) have proven to be minimal, ensuring a rapid return to deployment and generating capacity when any servicing is required.
Expectations are that when the W.E.C is deployed and fully operational it will promote a speedy path to commercialisation, giving investors a financial return in dividends.
We are announcing our prospectus prior to accepting funding to gauge responses from participants, who would wish to engage with our company and its quest for clean renewable energy.
In addition to large investors we are inviting small investors who share our environmental values on combatting climate change, global warming and focusing a contribution to reducing carbon emissions into the world’s atmosphere.
If you feel you can identify with the above values and wish to become an investor, then we would be pleased to hear from you and would welcome your interest. All participants will be responded to in emails answering queries and given further details of our funding process.
Please contact us on:
info@offshoreshoremarinesystems.com
Paul Teal O.M.S Co-Ordinator
© 2018