Offshore Wind: Tracking Turbines with Satellites and Machine Learning?

Followers not leaders? In a commodity industry, it is important to invest with superior technologies, if you want to generate superior returns. Hence we have been relatively cautious on the Majors’ offshore wind investments. Commoditised, industry-standard technologies yield single-digit returns at best. Model it from a portfolio perspective, and the optimal portfolio allocation to undifferentiated renewables technology is just 5-13% (chart below, note here).

Leaders not followers. 2018 did include some encouraging solar innovations from Oil Majors, as reviewed in our data-file (below). But as we start reviewing 2019’s patent filings, we are looking for examples of Energy Majors developing superior technologies for traditional, offshore wind. Today’s note highlights an example…

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