Subsea Expo in Aberdeen will highlight cross-industry opportunities
Greater collaboration between the offshore energy and defense sectors could open up lucrative opportunities for the underwater industry, according to the Global Underwater Hub.
Subsea Expo organizers will highlight how advanced subsea technology could solve key challenges facing both industries on day one of the flagship event on Tuesday, February 22 at P&J Live.
Presentations from the Royal Navy, UK Defense Solutions Center (UKDSC), Scotland’s Defense and Security Accelerator (DASA), Neptune Energy, EODEX and Babcock will give delegates an overview of the defense industry and how whose collaboration could be the key to unlocking multi-million contracts.
According to a study by the Stockholm International Peace Research Institute, in 2020 global defense spending reached the highest annual level since 1988 at $1.98 trillion.
This figure is expected to increase steadily over the next decade.
Further analysis by the UKDSC indicated a total global shipping market worth nearly $800 billion through 2029.
Of this total, the submarine market includes submarines and unmanned underwater vehicles which, combined, are expected to be worth $287 billion.
GUH Chief Executive Neil Gordon said: “Spending on defense science and technology is on the rise.
“The defense sector, which has a proven track record of adopting technologies to meet its needs in a range of subsea challenges, has a strong supply chain but recognizes the value of cross-sector capabilities.
“Special interest in defense sector marine in-water operations and repairs, through maritime communications, energy transition propulsion systems, underwater robotics and autonomous operations – areas in which the segment of the he submarine industry’s offshore energy excels.
“The focus on defense at Subsea Expo will identify specific opportunities for subsea businesses and facilitate conversations that could pave the way to collaborative problem solving and multi-million pound deals.”
The defense session at Subsea Expo will be chaired by Mark Richardson, Vice President of Projects at Neptune Energy, with opening presentations from Rear Admiral Paul Halton OBE, Royal Navy, Director of Submarine Support, Submarine Delivery Agency, and William Powell, the Head of Strategic Capability at the UKDSC, focusing on facilitating partnerships and cooperation between the UK government and the private defense industry.
The session includes a presentation by Joshua Robertson and Ivan Stace of Babcock International, discussing the need to undertake extensive engineering research in the water and potential areas of growth through collaboration within the underwater industry. .
Debra Carr, Innovation Partner at DASA, will showcase the funding opportunities available to businesses in the subsea sector to come up with innovative ideas that benefit UK defense and national security.
DASA has provided over £13m of funding for 75 Scottish projects over the past five years.
Delegates will also hear from Andrew Woollven, Managing Director of EODEX, on how military solutions such as low-order deflagration can be adapted for the commercial sector to mitigate the threat of unexploded ordnance.
Deflagration has been a proven solution used in the military for almost 20 years and offshore wind developers are increasingly interested in adopting it for commercial applications.
Admission to the exhibition and conference is free, but pre-registration is recommended via www.subseaexpo.com.