![]() The Company’s commitment to the IIF® culture promotes a work environment where employee safety is paramount.Ĭautionary Note Regarding Forward-Looking StatementsĬertain statements in this press release may constitute "forward-looking" statements as defined in Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), the Private Securities Litigation Reform Act of 1995 (the "PSLRA") or in releases made by the Securities and Exchange Commission (the "SEC"), all as may be amended from time to time. The Company’s Incident-and Injury-Free® (IIF®) safety management program is integrated into all aspects of the Company’s culture. ![]() Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations. dredging industry, comprised of approximately 200 specialized vessels. Great Lakes owns and operates the largest and most diverse fleet in the U.S. In its over 131-year history, the Company has never failed to complete a marine project. The Company employs experienced civil, ocean and mechanical engineering staff in its estimating, production and project management functions. The Company has a long history of performing significant international projects. In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry. Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States. offshore wind industry, while creating local employment and economic activity in the state.” Our goal now is to contribute to building the U.S. We have a long track record working with the state and the local unions and supply chains, having executed dredging projects in New York for many decades. We are very happy to support New York in building a more sustainable future. offshore wind market with a major project award for one of the flagship offshore wind developments for the State of New York. Designed to produce renewable electricity to deliver on the state’s climate ambitions, it also creates new opportunities for economic growth and employment for the State of New York.Įleni Beyko, Senior Vice President-Offshore Wind at Great Lakes, commented, “This award by Equinor and bp solidifies Great Lakes’ entry into the U.S. This project is considered a flagship offshore wind development, shaping the future of this industry in the United States. The renewable power generated by the two wind farms is estimated to power more than one million households in New York. The Company is working closely with NYSERDA on NY Supply Chain development and will be using the GLDD marine base in Staten Island, New York, for its site operations. Great Lakes will be generating local content, employment, and economic activity in the State of New York by purchasing rock from domestic New York quarries, which are in close proximity to the Empire Wind I and II offshore wind farm sites. This unique combination offered a competitive advantage in terms of experience, equipment availability, local content, and knowledge of labor and regulatory environments in the U.S.” marine contractor to invest in building the first Jones Act compliant fallpipe vessel purpose built for the U.S. Lasse Petterson, President and Chief Executive Officer at Great Lakes, commented, “The consortium of Great Lakes with Van Oord combines the experience of Van Oord, the global market leader in subsea rock installation, with Great Lakes, the only U.S. Van Oord will mobilize the flexible fallpipe vessel, Stornes, to install rock prior to the installation of the monopile foundations. Great Lakes will use the first Jones Act compliant subsea rock installation vessel, currently under construction at the Philly Shipyard in the U.S., to install rocks to protect and stabilize monopile foundations, electrical substructures, and export cables, starting with Empire Wind I in the mid-2020s and continuing with Empire Wind II. Empire Wind I and II are expected to provide over 2 Gigawatts (GW) of renewable energy to the State of New York. HOUSTON, (GLOBE NEWSWIRE) - Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today that Empire Offshore Wind, a joint venture between Equinor (NYSE: EQNR) and bp (NYSE: bp), have chosen Great Lakes in consortium with Van Oord to perform the subsea rock installation work for the Empire Wind I and II wind farms in the East Coast of the United States. First offshore wind rock installation contract awarded to a U.S. Van Oord’s flexible fallpipe vessel, Stornes.
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