Positioned to meet commercial demand

Following the launch of a 4 must win-initiative strategy process to meet commercial demand, the growing company has relocated all activities from Aalborg to Fredericia. The relocation is not only of geographical importance, but even more so, it reflects the significant shift from being an R&D driven group to a fully commercialised organisation. “Make no mistake, problem solving and innovative solutions will always be at the core of our company, but this team has long been preparing for the moment when we’re ready for large-scale offshore wind development. And that moment is now”, said Kristian Jacobsen, Head of Business Development at Universal Foundation.

The relocation will see three Fred. Olsen Ocean sister companies under one roof in Fredericia – Fred. Olsen Windcarrier, Global Wind Service and Universal Foundation. This strategic move allows the trio to leverage strength and synergy between the sister companies.

“The area around Fredericia gives us better access to our clients and the highly qualified people we need to support our growth. We’re confident that our mission to provide the industry a bankable and cost-effective foundation for the next generation of offshore wind turbines will speak to ambitious talents looking to join a truly exciting journey under the Fred. Olsen flag”, stated Kristian Ravn, Managing Director at Universal Foundation.

The relocation of Universal Foundation is expected to be completed by the first of July 2019.

About Universal Foundation A/S

Universal Foundation is the Fred. Olsen related company responsible for bringing the Mono Bucket foundation to the offshore wind industry. The Mono Bucket offers key partners an advantage for combining profitability & winning bids with offshore foundations. A unique concept in offshore wind engineering, the Mono Bucket combines the benefits of a gravity base foundation, a monopile and a suction bucket. It is recognised by industry as the foundation solution for the latest generation of offshore multi-MW wind turbines and stands as a key Balance of Plant component with the potential to significantly lower the Levelised Cost of Energy. The company has 20 employees and is currently involved in projects in Europe, the US and Japan, which underlines the strong industry and market interest in the technology.