Fred. Olsen 1848 is a newly established company dedicated to the development of technology for the renewable solutions of the future. The company will focus on the development and commercialization of existing and new technologies, and draws on several decades of expertise in renewable energy. The goal is to combat climate change.

The goal is to be at the forefront and be the preferred partner for companies looking for the right solutions in renewable energy.

Sofie Olsen Jebsen, CEO in Fred. Olsen 1848

Fred. Olsen 1848 builds on over 170 years of experience in identifying and resolving challenges, from shipowning businesses established in 1848. Since then, Fred. Olsen-related companies have continuously contributed to major technological changes, from sail, to steam, to oil, and back to wind.

“The goal is to be at the forefront and be the preferred partner for companies looking for the right solutions in renewable energy,” says Sofie Olsen Jebsen, CEO of Fred. Olsen 1848.

Technologies the company is working on today are aimed at solving some of the industry’s key challenges in floating wind and floating solar energy, and the company is looking at new ways to develop technology without going the way of full-scale demonstration units.

Among other things, the company has developed Mobile Port Solution, an offshore installation interface that uses jack-up installation vessels in sheltered waters to integrate turbines into floating foundation structures. The company is also developing a solution for efficient maintenance of floating wind turbines, as well as Brunel, a floating wind turbine foundation based on a modular approach that enables immediate upscaling and low costs.

These technologies can contribute to building up a domestic market for offshore wind in Norway, as the solutions are flexible and thus able to create jobs in various ports along our coast. In addition, the company will draw on the cutting-edge expertise of Norwegian subcontractors.

An offshore network will also provide the basis for large-scale offshore wind development now, with a greater impact on jobs and a transition from oil and gas.

Sofie Olsen Jebsen, CEO in Fred. Olsen 1848

For Norway to create an offshore wind industry that contributes to new green jobs, a long-term predictable perspective is required.

“New areas for offshore wind must be opened regularly in addition to existing announced projects in order to ensure the development of a competitive industry and motivate investments in the value chain. In addition, offshore wind farms must be connected to an offshore network to enable development without subsidies. An offshore network will also provide the basis for large-scale offshore wind development now, with a greater impact on jobs and a transition from oil and gas,” says Sofie Olsen Jebsen.