360 TPV
Total Third Party Verification for Marine Energy
A Joint Service Provided By:
Harnessing energy from the ocean is a major challenge in itself: to do so economically is a giant step further. The ocean is a harsh and unforgiving environment where preparedness and foresight are essential. 360 TPV provides a holistic approach to readiness assurance covering engineering design, locational suitability, operability, regulatory and license compliance, as well as cost-effectiveness and invest-ability.
360 TPV brings confidence to project developers, insurers, investors, authorizing bodies, customers, test facilities, and government.
360 TPV brings an opportunity for you to benefit from the experience of those who have gone before. It provides independent, incisive insight and improves your likelihood of success.
360 TPV Makes a Difference
360 TPV maximizes opportunities for success, minimizes uncertainty, and manages risk by having an experienced independent team evaluate your technology, project and/or organization and provide feedback on the status that exists and consequences that could arise. Our team will indicate possible solutions that may optimize the performance that could be achieved. This fresh and experienced set of eyes will help verify your understanding and spot issues that have not yet been recognized.
Our 360 TPV team takes a holistic approach; we make use of proven expertise and unparalleled global ocean energy experience. This foundation of competence and foresight enables you to manage and control your current and future opportunities and challenges.
| Typical Risks | Potential Consequences |
|---|---|
| Cost constraints | Under-resourcing, unsafe acts, inadequate equipment |
| Unrealistic schedules | Poor planning, hazardous operations, delays, escalated costs |
| Limited marine experience | High operational risk, escalated costs, sub-optimal design |
| New and challenging operations | High marine installation and O&M costs, unsafe operations |
| Inadequate change control | Higher operational risks, cost escalation, project failure |
| Inappropriate met-ocean data | Under design: equipment failure: Over design: excess costs |
| Flawed design input | High installation costs, early failures, re-working costs |
Minimize Risk and Maximize Opportunity with 360 TPV
- The “360 TPV” Approach
We apply a Value Assurance approach to marine energy using independent, experienced, fresh eyes to provide a fast, cost-effective, health check at critical project milestones. This allows the developer to minimize threats and maximize opportunities throughout the project lifecycle. This, in turn, assures investors, funders, regulators, insurance companies, customers, employees and other stakeholders that the project, technology or organization is being given every chance to succeed and is clearly aware of any weaknesses or barriers.
360 TPV can be used in part or as a whole to meet specific customer needs and requirements. Where part of the system is used, we will ensure that the customer is aware of any scope limitations and the benefits of the full 360 approach. For example, regarding of part use, 360 TPV could provide independent due diligence regarding the structural integrity of a marine installation at a single point in the project life cycle – generally before the first installation of prototypes at test sites. Alternatively, 360 TPV can provide a staged gate assurance process throughout the development lifecycle whereby the TPV team regularly analyses the project’s readiness to proceed to the next stage from different perspectives, recommending optimization measures along the way.
No TPV Basic TPV Enhanced TPV 360 TPV Relies on self-assessment and luck. One-time assurance of meeting limited or specific regulatory and site operator guidelines and requirements to commence operations. Standards-based review of inputs into the basis of design including the quality of metocean and other data, marine operations and engineering analysis. An integrated holistic, through life, staged gate approach that increases the chances of delivering a successful project - How does 360 TPV work?
360 TPV adds essential but often missing elements to ocean energy developments by:
- Providing direct access to experienced sector experts who know what can happen, what has happened and what can be done
- Delivering rapid feedback to enable any adaptations can be made promptly
- Contributing independent and unbiased expert review
- Analysing up-side opportunities as well as down-side risks
- Building in a multidisciplinary approach from the outset
- Ensuring the right inputs are used from beginning to end
- Thinking about solutions rather than solely identifying problems
- Helping the sector progress rather than simply selling a service
- WE BRING EXPERIENCE
Orcades Marine, DSA, and Aquatera are unique in the extent of our experience in the marine renewable industry. This partnership is further enhanced by extensive knowledge gained in other industry sectors ranging from startups to multi-billion oil and gas projects. We have learned from all of this experience and used it to develop and refine our 360 TPV approach and expertise. Our team members have a well-developed sense of detecting both talent and trouble: we are not afraid to highlight frailties but our focus is to be creative in finding solutions. We strive to minimize costs and maximize value by using small teams with broad skill sets and experience to review project, technology and organization health against an agreed set of criteria. We are frank and open in our conversations, all within a culture of trust and absolute discretion.
We apply a Value Assurance approach to marine energy using independent, experienced, fresh eyes to provide a fast, cost-effective, health check at critical project milestones. This allows the developer to minimize threats and maximize opportunities throughout the project lifecycle. This, in turn, assures investors, funders, regulators, insurance companies, customers, employees and other stakeholders that the project, technology or organization is being given every chance to succeed and is clearly aware of any weaknesses or barriers.
360 TPV can be used in part or as a whole to meet specific customer needs and requirements. Where part of the system is used, we will ensure that the customer is aware of any scope limitations and the benefits of the full 360 approach. For example, regarding of part use, 360 TPV could provide independent due diligence regarding the structural integrity of a marine installation at a single point in the project life cycle – generally before the first installation of prototypes at test sites. Alternatively, 360 TPV can provide a staged gate assurance process throughout the development lifecycle whereby the TPV team regularly analyses the project’s readiness to proceed to the next stage from different perspectives, recommending optimization measures along the way.
| No TPV | Basic TPV | Enhanced TPV | 360 TPV |
|---|---|---|---|
| Relies on self-assessment and luck. | One-time assurance of meeting limited or specific regulatory and site operator guidelines and requirements to commence operations. | Standards-based review of inputs into the basis of design including the quality of metocean and other data, marine operations and engineering analysis. | An integrated holistic, through life, staged gate approach that increases the chances of delivering a successful project |