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Press release —
Fred. Olsen 1848 is pleased to announce that its BRIZO floating solar technology (FPV) has successfully undergone a technical review by the independent energy expert and assurance provider DNV.
The verification confirms the technical robustness of BRIZO and represents a significant milestone in the technology’s development, according to DNV-RP-0584. This is an important validation of the solution’s readiness for project deployment.
The independent technical review conducted by DNV covered a wide range of aspects of the technology, including design methodologies, hydrodynamic load assessment based on physical model testing, structural behaviour, and testing procedures. Drawing on recognised industry frameworks, the assessment provides an important technical foundation for the continued maturation of the technology.
Geir Grimsrud, Chief Technical Officer at Fred. Olsen 1848, commented “This Statement of Conformity represents a significant milestone for BRIZO. It provides confirmation of the strength of our technical approach and demonstrates that the technology is able to operate in more demanding conditions. It is an important step towards advancing the bankability of our solution and supporting our commercial roadmap.”
The successful review also supports the BRIZO bankability and commercial deployment at scale. Independent third-party validation is an important element in reducing technology risk and building confidence among project developers, investors, lenders, and other stakeholders as floating solar projects move from demonstration to commercial implementation.
“Floating solar is entering a new phase of maturity, where the industry must move beyond sheltered waters to unlock meaningful scale,” said Prajeev Rasiah, Senior Vice President and Regional Director for Northern Europe, Energy Systems at DNV. “Technologies capable of operating in more exposed environments could significantly expand the addressable market for FPV, particularly in regions facing land constraints, competing land use, or growing pressure on grid infrastructure. Independent technical assurance is essential to demonstrating that these systems can withstand demanding environmental conditions over their full operational lifetime and give developers and investors confidence as the market evolves.”
BRIZO has been specifically designed to operate in more exposed conditions than conventional floating solar systems. By utilising a flexible rope-mesh and tensioning system, the technology is engineered to manage waves up to 3,5 m HS, making it suitable for wave-prone inland and nearshore environments.
Floating solar has traditionally been limited to calm and sheltered waters, constraining the market’s growth potential. By enabling deployment in more challenging environments, BRIZO supports the development of an emerging floating solar market in nearshore and wave-prone inland water bodies, helping to unlock new areas for renewable energy generation.
As solar photovoltaic deployment continues to scale globally, constraints related to land availability, permitting, and grid access are becoming increasingly important. Technologies capable of operating in a wider range of water environments are expected to play a key role in expanding the addressable market for floating solar and accelerating the energy transition.
Fred. Olsen 1848 is an innovation and technology company that focuses on the development and commercialization of innovative technologies related to renewable energy.
We are a determined and multidisciplinary team with a broad variety of industry experience within the field of renewables, all working towards our goal to make sustainable energy more widely available to help combat climate change.
Innovation and curiosity are our DNA, and our ideas are based on consistent experience and knowledge built up over 175 years of identifying and solving challenges, from when the Fred. Olsen ship-owning enterprise commenced in 1848.
The main technologies of Fred. Olsen 1848 are aimed at solving some of the key industry challenges within emerging renewable energies. Fred. Olsen 1848 is a part of the ecosystem of Fred. Olsen-related companies within renewable energy.
Fred. Olsen 1848 is a technology and innovation company in renewables that develops solutions to the challenges faced by the industry. Our goal is to make sustainable energy more widely available to help combat climate change.
Fred. Olsens Gate 2
N-0152 Oslo
Norway
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