MEMBER BLOG: Miros driving change and staying ahead of the wave in 2024

January 9, 2024
MEMBER BLOG: Miros driving change and staying ahead of the wave in 2024

Without doubt, 2023 was a landmark year for Miros, with the company welcoming a new chief executive, securing numerous contracts, and expanding its presence in key geographies and markets. But not content with simply celebrating its achievements, the leading global oceans insights provider is charting a course for further growth in 2024.

“At Miros, we’re constantly working to be at the forefront of technological developments, in cooperation with our customers, to ensure we’re always ahead of the curve, or wave in this case,” said Jonas Røstad, Miros’ Chief Commercial Officer.

“Yesterday’s solutions are constantly being eclipsed by new tools and business models better suited to emerging challenges. As a business it is not about what you can provide today or what your provided yesterday, it’s all about what you can offer to improve customer value tomorrow.

“To do that you always need to be ready to move swiftly and be prepared to collaborate with your customers and vendors. It is about how you innovate, how you collaborate and the business models that are in place. At Miros, we are always evolving and pushing boundaries to stay ahead of the game. Our commitment to innovation knows no bounds, and we constantly strive to bring you the latest cutting-edge technology. Rest assured, our mission for progress will never cease.

“Consumer trends indicate that in 2024 there will be a quest for quality and the offshore energy sector is no different – this is exactly what we work to deliver. There is also a desire for products that are secure and sustainable, two more crucial pillars in our strategy.”

One area where Miros is already inspiring development and pushing change is around wave and vessel motion prediction. The company is bringing this next generation technology to market and key offshore customers have become early adopters of the prediction software, with plans for a wider rollout in 2024.

Røstad said: “The market has been asking for this technology for many years and it has existed in a limited capacity for a while now. But at Miros we’re not pleased with the quality of wave prediction solutions as it is currently available on the market – we want to take it one step further. We are thrilled to expand our developments based on the feedback and trust the market gives us. In a nutshell, this type of expertise is our bread and butter, our home turf – supporting and lifting the maritime industry by identifying and converting the value of ocean insights into useful and actionable solutions.”

Having moved into target regions last year Miros is looking to consolidate and expand its global reach further in 2024. Throughout the year the company will be attending several leading industry events, including Oceanology in London, WindEurope in Bilbao as well as OTC in Houston, Navalshore in Brazil and the Saudi Maritime Congress.

“It’s always been our intention to not just attend these events, but to present on the stage and contribute to an inspiring agenda – that is something Miros is eagerly looking forward to in 2024,” said Røstad.

At these offshore industry gatherings Miros will showcase its unique technology, particularly WaveFusion, which combines downwards and directional wave measurements of various distances from a wind turbine for real-time ocean condition end-to-end visibility. Having officially launched the product in 2023, Røstad expects 2024 to be a big year for WaveFusion.

He said: “Since coming to market the technology has received a huge amount of interest from those wanting to benefit from its accurate real-time sea-state data. Developed with the needs of the offshore wind industry in mind, WaveFusion is a trailblazing product and can be combined with our as-a-service model to enhance its offering – we hope it will change the way ocean insights are treated within the renewables market.”

Miros will also mark a major milestone in its long and proud history this year, with the company preparing to celebrate its 40th anniversary in May. More will be announced on this in due course, but for chief executive Marius Five Aarset, the turn of the year offers time for reflection.

“As we enter a new year – a momentous one for Miros – it is important for Miros not only to recognize how far we have come, but also where we want to go next. We are very proud of what has been built in the last 40 years and we aim to go further by innovating, evolving, and collaborating with our customers and partners to make sure our praised best-in-class services remains just that.”

Get in touch

AREG is the original energy transition organisation, working on behalf of members to empower the energy supply chain and champion its expertise. Please get in touch if you have any questions or would like to find out more about membership.

AREG has played an important role in the growth of Scotland’s renewable energy sector, engaging the supply chain and developing the European Offshore Wind Deployment Centre. However, we are only at the very beginning of the transition that AREG was established to both lead and support so there are still opportunities for companies to get into the constantly evolving renewables supply chain. We look forward to continuing our work together as renewables builds on its place as Scotland’s main source of power, and as we seek to deliver real change in the crucial areas of heat and transport.

Scottish Renewables

Aberdeen & Grampian Chamber of Commerce has worked closely with AREG since its formation. The recent progress in the developments of offshore wind projects by Equinor and Vattenfall are as a result of the work of the group over many years. The north-east is known as the oil and gas capital of Europe. At the Chamber, we believe the region must evolve its position to being recognised as the energy capital. Whilst hydrocarbons will continue to be essential in driving our economy for years to come, the generation of renewable resources will play an increasingly important role in providing cost-effective power, innovative development and economic growth.

Aberdeen & Grampian Chamber of Commerce

The enthusiasm and dedication of the early group that would become AREG was fundamental in us choosing to launch All-Energy in Aberdeen. The first tiny show was held in 2001, and AREG’s Chairman at the time, Jeremy Cresswell, played such an active role that I often describe him in terms such as All-Energy’s ‘midwife’. All-Energy is now the UK’s largest renewable and low carbon energy exhibition and conference in terms of number of attendees, space booked, and number of exhibiting companies. As AREG became firmly established, their presence and support for the event grew spectacularly over the years. We thank them most sincerely for their invaluable input.

All-Energy

Vattenfall has forged a strong working relationship with AREG through the development of the European Offshore Wind Deployment Centre. AREG has worked tirelessly on behalf of the North East and it can take enormous credit for the growth of sustainable energy in the region and the path it has cleared for the region to capture further investment.

Vattenfall

Aberdeen City and Shire is emerging as a key location for renewables by successfully transferring its world-class oil and gas expertise into the sector and AREG has done much to advance this through a broad range of initiatives. It has acted as a catalyst in driving further investment in the local economy by engaging with companies, Government, public bodies and existing projects and we have been pleased to support their efforts. Scottish Enterprise will continue to engage with AREG as we increase Scotland’s use of renewable energy.

Scottish Enterprise