Business case for an offshore construction vessel with a shore power battery

A 75 MWh battery system costing $9.5M can save an offshore vessel ~ $900,000 in 10 years

Shore power for containerships is mandatory from 2030 onwards as per FuelEU. The creation of shore power infrastructure remains difficult and takes a long time however. Mobile shore power solutions, with- or without a battery will ensure port authorities compliance to regulations. 

This analysis outlines a floating battery energy storage platform - referred to as the power barge - capable of delivering high-capacity shore power to offshore construction vessels. The system includes containerized batteries with a capacity of 75 MWh, a central DC backbone, DC/AC inverter, and high-voltage shore connection infrastructure (HVSC) rated at 5.644 kW. Performance and cost outcomes are calculated using a range of adjustable parameters including operating days, power prices, and energy policy incentives, particularly EU ETS.

The annual costs savings for the ship with an electricity price of $0.30 per kWh and 40 shore power days per year are in the order of $111,555 per year over the course of ten year. More than 85% of all cost reductions are due to reduced compliance cost: it is estimated more than $2M can be saved with EU ETS in the first 10 years. Conservative estimates for maintenance and EU ETS pricing are considered, which when altered could result in a more positive case. CAPEX costs for the ship are assumed to be zero. CAPEX costs for the power barge are estimated at $9.5M, with an estimated revenue of $2.5M per year based on a combination of income from shore power and grid services (FCR). 

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Pre-FEED Study

This pre-FEED (Front-End Engineering Design) study provides a technical and economic assessment of a floating battery-based shore power solution, focusing on layout, equipment, performance, and cost assumptions. It outlines the concept’s feasibility, key regulatory drivers, and baseline business case inputs for both the power barge and vessel operations. The full pre-FEED study, including detailed calculations, assumptions, and technical architecture, is available for download by registered members only. Become a member to access the complete document.

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Ship - Technical

The offshore construction vessel used in the pre-FEED study (the ‘Windfarmer’) is designed for heavy-duty operations such as the installation of wind turbines and monopiles. When idling, it features a diesel-electric power system capable of meeting an average auxiliary load of 2.4 megawatts, with peak demands reaching up to 5 megawatts during crane or dynamic positioning operations. A total of 8 engines are installed with 6,000 kW power each. When idling, it is assumed that 2 engines are running at 20% load.

The vessel is considered to be ‘shore power ready’, already equipped with a high-voltage connection that meets IEC/IEEE 80005 standards. A parasitic load of 5 % is taken into account to reflect baseline energy use from onboard systems even when the ship is idle. For the purpose of this study, the analysis assumes the vessel is moored at the quayside 40 days per year. This means that multiple vessels are expected to make use of the infrastructure to meet the barge’s annual operational target. The technical configuration enables significant reductions in fuel consumption, emissions, and maintenance, supporting compliance with tightening EU and IMO decarbonization requirements.


Ship - Economical

In this case study, the shore power system is evaluated under the assumption that it must financially justify itself through a combination of fuel savings, reduced engine maintenance, and lower emissions, which result in lower compliance costs. While this framing supports a clear cost-benefit analysis, it is important to note that it does not reflect the full regulatory context and currently existing uncertainties. In the case shore power becomes mandatory for offshore vessels under FuelEU Maritime (which is unlikely), adoption will ultimately be a requirement rather than a financial choice.

For the purposes of this analysis, capital expenditure (CAPEX) related to ship-side retrofitting has been excluded, under the assumption that the vessel is already shore power ready. The focus is instead placed on operational expenditure (OPEX), with cost savings primarily coming from reduced EU ETS obligations, which account for a significant portion - 80% or more - of conventional operating costs. Other factors such as reduced maintenance costs contribute to the business case, while potential savings related to FuelEU Maritime and the IMO’s net-zero framework are acknowledged but excluded from the current calculation.


Power Barge - Technical

The power barge at the heart of this study is a floating battery energy storage system designed to deliver clean, high-capacity shore power to offshore construction vessels while at berth or on standby. It measures approximately 52.6 meters in length and 18.7 meters in width, and houses twelve containerized battery units based on lithium iron phosphate (LFP) chemistry. These units provide a total installed capacity of 75 MWh, of which 67.5 MWh is usable under a 90% depth-of-discharge assumption.

The onboard systems operate at a standard 1,040 volts DC, with power collected via a centralized DC busbar. This energy is then converted to 11 kV, 60 Hz AC using a high-capacity inverter system and delivered to the vessel through a high-voltage shore connection compliant with IEC/IEEE 80005 standards. The barge is charged via a Megawatt Charging System (MCS), capable of handling up to 4.5 MW using liquid-cooled cables.

All major components, including the fire suppression system, cooling, cable trays, and connection panels, are marine-rated and configured for modularity, safe access, and redundancy. This self-contained layout allows the barge to function as a mobile energy hub, supporting emissions reductions and regulatory compliance without the need for permanent grid infrastructure at the quay.


Power Barge - Economical

The economic analysis of the power barge focuses on the costs and potential revenues associated with deploying and operating a floating battery energy storage system for shore power delivery. The study assumes the barge operates for 240 days per year, supplying power to vessels for 100 of those days based on a demand profile of 40 shore power days per vessel. That means at least 2.5 vessels need to be serviced each year.

Electricity is procured at a rate of $0.10 per kilowatt-hour and sold to vessels at $0.30 per kWh in the base case, with no green energy incentives included. Capital investment is assumed to be fully paid upfront, with financing optional, and the system is not subsidized in the default scenario. The analysis includes both capital expenditure (CAPEX) and operational expenditure (OPEX), and allows for the exploration of revenue streams such as grid services or rental revenues, depending on the operational profile selected.


 
 

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Shore Power Quickscan
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Shore Power Quickscan
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The Shore Power Quickscan is a comprehensive tool designed to provide a business case for a shore power refit onboard vessels, based on IEC/IEEE 80005. It includes CAPEX estimates, operational expenses including fuel costs and engine maintenance, emissions savings as well as key regulations such as FuelEU and EU ETS. This purchase allows you to store your calculations, work offline anywhere, plus print a comprehensive techno-economic feasibility that you can show off to friends or your management.

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