GICON and Glosten form Strategic Business Relationship

May 12, 2017

GICON and Glosten have formed a strategic business relationship combining resources to develop optimum Tension Leg Platform (TLP) offshore wind foundation designs for the full range of water depths (20 to 500m), for all metocean conditions, seabed types and turbine size.

The GICONĀ®-SOF and the Glosten/PelaStar technologies have complementary advantages. Their collaboration will advance each design type and open the door for potential hybrid solutions to evolve. The companies both have engineering as their core business, but with different strengths and geographic presence.

The result is a single-source TLP solution with a levelized cost of energy (LCOE) lower than other floating technologies ($76/MWh for a 6-8MW turbine-based wind farm). Fully integrated, engineered, certificated, detailed design packages will be delivered to developers and power producers. The TLP technology is insured by prominent insurance companies.

Read the complete press release here.