The power industry continues to be a hotbed of innovation, with activity driven by growing concerns about the industry’s environmental impact, and the need to reduce carbon emissions, with the growing importance of technologies such as floating, gravity, jacket, and monopile foundations in wind energy. In the last three years alone, there have been over 439,000 patents filed and granted in the power industry, according to GlobalData’s report on Environment Sustainability in Power: Offshore wind turbines foundations.
However, not all innovations are equal and nor do they follow a constant upward trend. Instead, their evolution takes the form of an S-shaped curve that reflects their typical lifecycle from early emergence to accelerating adoption, before finally stabilising and reaching maturity.
Identifying where a particular innovation is on this journey, especially those that are in the emerging and accelerating stages, is essential for understanding their current level of adoption and the likely future trajectory and impact they will have.
90+ innovations will shape the power industry
According to GlobalData’s Technology Foresights, which plots the S-curve for the power industry using innovation intensity models built on over 83,000 patents, there are 90+ innovation areas that will shape the future of the industry.
Within the emerging innovation stage, smart lighting system, PCM thermal energy storage and solid electrolyte fuel cell membrane are disruptive technologies that are in the early stages of application and should be tracked closely. Ceramic oxide nuclear fuel, geothermal heat pumps, and hybrid PV plants are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas are combined-cycle gas turbines and ethylene co-polymer PV modules, which are now well established in the industry.
Innovation S-curve for environmental sustainability in the power industry
Offshore wind turbines foundations is a key innovation area in environmental sustainability
Foundation is a means to transfer loads from a support structure to the seabed soil. Six basic types of foundations have been used for offshore wind farms, namely floating, gravity, jacket, monopile, tripile, and tripod foundations.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 40 companies, spanning technology vendors, established power companies, and up-and-coming start-ups engaged in the development and application of offshore wind turbines foundations.
Key players in offshore wind turbines foundations – a disruptive innovation in the power industry
Patent volumes related to offshore wind turbines foundations
|Company||Total patents (2010 - 2021)||Premium intelligence on the world's largest companies|
|Siemens||54||Unlock company profile|
|Wobben Properties||45||Unlock company profile|
|Vestas Wind Systems||36||Unlock company profile|
|Holcim||26||Unlock company profile|
|GFG Alliance||26||Unlock company profile|
|Nordex||21||Unlock company profile|
|Actividades de Construccion y Servicios||21||Unlock company profile|
|Ackermans & Van Haaren||21||Unlock company profile|
|General Electric||20||Unlock company profile|
|Hitachi||19||Unlock company profile|
|Ihc Holland Ie||19||Unlock company profile|
|Keppel Group||19||Unlock company profile|
|ROSEN Swiss||17||Unlock company profile|
|JMV||17||Unlock company profile|
|Toda||13||Unlock company profile|
|Max Bogl Bauservice||12||Unlock company profile|
|Royal BAM Group||11||Unlock company profile|
|Maritime Offshore Group||11||Unlock company profile|
|Nippon Steel||10||Unlock company profile|
|Bonheur||10||Unlock company profile|
|Esteyco SAP||9||Unlock company profile|
|Samsung Heavy Industries||9||Unlock company profile|
|Royal IHC||9||Unlock company profile|
|Inneo Torres S.L.||9||Unlock company profile|
|Vertical Wind||8||Unlock company profile|
|Mitsui E&S Holdings||8||Unlock company profile|
|Sumitomo Chemical||8||Unlock company profile|
|Floating Windfarms||8||Unlock company profile|
|SNC-Lavalin Group||7||Unlock company profile|
|Senvion||7||Unlock company profile|
|Tindall||7||Unlock company profile|
|Saipem||7||Unlock company profile|
|Seatower||7||Unlock company profile|
|Engineering Business||6||Unlock company profile|
|TETRA Technologies||5||Unlock company profile|
|Nuclear Damage Compensation and Decommissioning Facilitation Corporation of Japan||5||Unlock company profile|
|Orsted||5||Unlock company profile|
|E.ON||5||Unlock company profile|
|Georgsmarienhutte Holding||5||Unlock company profile|
|YuekChun Construction||5||Unlock company profile|
Source: GlobalData Patent Analytics
‘Application diversity’ measures the number of different applications identified for each relevant patent and broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of different countries each relevant patent is registered in and reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Samsung Heavy Industries (SHI), is one of the key patent filers for offshore wind turbine foundations. In July 2021, SHI unveiled its 9.5MW floating wind platform. With this new product, the company is targeting both the domestic and international offshore wind power generation markets.
Esteyco is another key patent filer for offshore wind turbine foundations. Esteyco is a civil engineering and architecture consulting company. Its services include the design and development of offshore wind turbine foundations.
Seatower, Ihc Holland, Siemens, Vestas Wind Systems, Nordex, and General Electric, are the other key patent filers for offshore wind turbine foundations.
To further understand the key themes and technologies disrupting the power industry, access GlobalData’s latest thematic research report on Power.