As ESCO’s Head of Research and Development, Jean-Christophe leads the R&D team management and projects portfolio to coordinate their activities. Furthermore, in his role, Jean-Christophe participates in defining the research and development strategy and applications, handling commercial activities within research scopes, developing and maintaining partnerships with key Partners and Clients for ESCO Consultants. 

The post Jean-Christophe Gilloteaux appeared first on ESCO Consultants ASA.

Since joining ESCO Consultants, he has specialized in structural engineering for marine renewable energy projects. In particular, Pierrick has been involved in fixed and floating offshore wind turbine foundation projects, including jacket and monopile design through integrated design methods. He also spent 1,5 years as external consultant at General Electric as Tower Design Lead Engineer, in charge of design and procurement of WTG tower for Saint-Nazaire OWF projects.

Pierrick is highly skilled in Finite Elements Method: beam/shell/solid model, yielding, buckling and fatigue calculations, non-linear analysis, code checking, hydrodynamic loadings computation, and has thorough knowledge of international norms and standards for offshore structure design.

He is currently Technical Lead of Structural Engineering team based in Nantes.

The post Pierrick de Belizal appeared first on ESCO Consultants ASA.

Valentin is experienced in project and team management, and he is familiar with work in an international context (Work in New Zealand, Belgium and French context).

The post Valentin Arramounet Labiorbe appeared first on ESCO Consultants ASA.

Since joining ESCO Consultants he specialized on cable engineering for bottom fixed and floating engineering. Mattias has in particular been involved on OMDYN 2 project which aim was to develop an analytical tool to perform cable local analysis and determine stress in conductor and armours from global loads. In addition he is currently involved for French TSO as owner engineer for Cable Engineering and Installation activities for project in Brittany.

He is currently Engineering Manager in charge of ESCO Consultants’s team based in Nantes and Edinburgh.

The post Mattias Lynch appeared first on ESCO Consultants ASA.

Jordi is based in Barcelona, and is responsible for ESCO’s operations in Spain.

The post Jordi Serret appeared first on ESCO Consultants ASA.

Bruno specialises in the numerical modelling of these energy systems, with a focus on coupled physics and coupled models (such as aero-hydro-servo-elastic modelling for floating wind turbines), delivering services to a variety of client types: wind turbine suppliers; wind farm developers; foundations, substations and subsea cables EPCI contractors; designers of technologies; state agencies; collaborative R&D projects.

In addition to his managing role in ESCO Consultants, Bruno leads ESCO’s services related to the adaptation of offshore and maritime structures to the risks induced by climate change.

The post Bruno Borgarino appeared first on ESCO Consultants ASA.

Rémy is part of the IEC TC 114 group, as a technical expert in the Part 103 subgroup.

The post Rémy Pascal appeared first on ESCO Consultants ASA.

Helene is a French citizen and a native French speaker and fluent in English.

The post Hélène Robic appeared first on ESCO Consultants ASA.

“We are delighted to take full ownership of ESCO. The company is rapidly growing and has proven to be a vital part of our service offering to the renewables sector. We have an ambition that 50 percent of our group’s revenues should come from sustainability and energy transition services by 2025. ESCO will play a key part in this.”

David Wells, CEO of AqualisBraemar LOC

ESCO was founded by Hakim Mouslim, Bruno Borgarino and 3 other researchers in 2012, as a technology spin-off from Ecole Centrale de Nantes. Today, the company has offices in Nantes and Marseille in France as well as in Edinburgh, Scotland.

ESCO is one of the few independent specialists in Integrated analysis of fixed and floating offshore wind turbines. Further, the company offers design and engineering consultancy to all marine renewable energies – wind, solar, wave and tidal – with a large track-record of multi-national R&D, demonstration and commercial projects that are at the cutting edge of technology and device development. ESCO is also the leading engineering consultancy for floating solar PV with more than 90 projects worldwide.

“Becoming fully owned by AqualisBraemar LOC marks a continuity of the integration and cooperation with all of the group’s global office network and competence base. This allows us to provide wider and stronger support to our clients, which in turn translates to more rapid expansion of activities.”

Hakim Mouslim, Managing Director and Co-Founder of ESCO

AqualisBraemar LOC group today employs more than 900 people in 39 countries worldwide. The group operates in the renewables sectors through the ESCO, JMC, AqualisBraemar LOC, MSGlobal and East Point Geo brands.

“We are already collaborating with some of our sister companies and have identified a matching culture with a robust approach to technical excellence and client delivery. It is great to be part of a group that is dedicated to driving a responsible energy transition, and we are keen to develop an additional set of services around climate change adaptation and resilience of offshore and maritime assets.”

Bruno Borgarino, CTO and Co-Founder of ESCO

The post AqualisBraemar LOC takes 100 percent stake in ESCO appeared first on ESCO Consultants ASA.

HIGHLIGHTS Q1 2021

• Revenues of USD 36.7 million (Q1 2020: USD 19.8m)
• EBIT of USD 1.9 million (Q1 2020: USD 1.3m)
• Adjusted EBIT of USD 2.4 million (Q1 2020: USD 1.4 m)
• Cash balance of USD 28.3 million (Q4 2020: USD 30.6m)
• Interest bearing bank debt of USD 15.1 million (Q4 2020: 15.1m)
• Operating cash flow of USD -1.0 million (Q4 2020: USD 2.7m), negatively impacted by working capital movements
• Completed acquisition of East Point Geo
• Proposed dividend of NOK 0.25 per share in 1H 2021, to be paid in June per semi-annual schedule

David Wells, CEO of AqualisBraemar LOC ASA (“AqualisBraemar LOC” or the “Company”) commented:
“We are pleased to conclude a quarter of solid operational performance amid big changes inside and outside the group.

We have delivered top line growth and comparable profitability relative to the first quarter of last year. This is encouraging, as our industry was relatively unaffected by the early stages of the pandemic in the first quarter of 2020. This year, the market has remained challenging through the quarter, with a relatively weak oil and gas market, plus travel restrictions and general slowdown in connection with the pandemic.

Internally, focus has been on the integration of LOC Group, the first phase of which concluded ahead of schedule in April. The former AqualisBraemar and LOC companies now operate jointly as AqualisBraemar LOC group. Feedback from clients and employees has been very positive, and we have already seen early positive results of the strategic benefits we targeted with the combination.

Renewables continues to be the growth engine of the group, growing some 30% year-on-year on a pro-forma combined basis. The increased capabilities of the group following the integration of LOC, ESCO, MSGlobal and East Point Geo put us in a strong position to capture at least our fair share of the expected market growth going forward.

Growth has also been strong in Maritime and Adjusting, while Oil & Gas is down slightly on pro-forma combined basis due to project phasing and general market weakness.

Looking ahead there are early indications that improved rig activity could drive improvement in the Oil & Gas sector, but activity on larger projects is expected to remain sluggish through most of the year. Positive developments in our other market sectors are expected to continue.”

A pre-recorded audio webcast presentation of the first quarter 2021 results will be released today at 14:00 CET. To view the webcast, please visit AqualisBraemar LOC’s website, www.escoconsultants.com.

The slide deck for the quarterly presentation is available here.

The post Q1 2021 financial results appeared first on ESCO Consultants ASA.