Blue Sea Power
Athens-based developer of floating storage, regasification and power (FSRP) barges that bring fast, flexible gas-fired power where grids need it, starting with four non-interconnected Greek islands. Part of MIG's Energy vertical.
- 4
- FSRP barges (first programme)
- 80–120 MW
- Per barge
- AiP
- Lloyd's Register Approval in Principle
Why we built it.
- Storage, regasification and generation on one barge: a single, re-deployable power asset
- Built and commissioned in a shipyard under class supervision, then towed to site, cutting onshore construction risk
- Fuel flexibility: LNG today, with Bio-LNG and hydrogen blending designed in
- First programme of four barges for Kos, Chios, Lesvos and Rhodes, with electricity production licences for all four islands
- Barge designs granted Approval in Principle by Lloyd's Register in September 2023; engineering by Houlder
Blue Sea Power develops floating storage, regasification and power plants (FSRPs): barges that receive and store LNG, convert it back to gas on board and generate electricity for the shore. Each unit carries 7,000–11,000 m³ of fuel storage, enough for around 15 days between deliveries, and is moored 500–700 metres offshore, connected by subsea cable.
Its first programme serves four non-interconnected Aegean islands — Kos, Chios, Lesvos and Rhodes — where ageing diesel and heavy-fuel-oil plants still provide baseload power and back up solar and wind. The barge designs, in 80 MW and 120 MW configurations, received Approval in Principle from Lloyd’s Register in September 2023, with engineering by Houlder, and the company holds electricity production licences for all four islands.
Because each plant is fabricated, tested and commissioned in a shipyard, it avoids most of the risk of building on land and can reach operation faster than an onshore plant. It can also move when demand shifts — to another island, a port or a coastal industrial site. The same platform underpins MIG and Blue Sea Power’s work on floating power for AI data centres, set out in MIG’s white paper Floating LNG-to-Power for AI Data Centres.
MIG's role
MIG International is the lead institutional investor and operating partner.
The future of energy isn't just clean — it's mobile, modular, and maritime.
— Blue Sea Power · Founder