NOV's Telescopic Leg Crane Sets Novel Industry Standard

Group 1: Company Achievements - NOV Inc.'s telescopic leg crane has won the OSJ Innovation of the Year Award 2024 for its significant impact on offshore support vessel design and operations [1] - The crane also received the Maritime Innovation Award at the Maritime Awards Gala on November 6, 2023, further establishing its importance in the Dutch maritime industry [1] - The dual recognition highlights NOV's commitment to innovation and sustainable solutions in the offshore industry [1] Group 2: Product Features - The telescopic leg crane, developed by GustoMSC, is designed for heavy lifting, capable of lifting turbines over 180 meters (590 feet) tall and weighing more than 1,000 tons [2] - The crane can retract its boom length by nearly 50%, allowing for safe transport in heavy seas and seamless integration on vessels [2] - It promotes a 20% reduction in carbon dioxide emissions as it operates fully electric and regenerates energy during load lowering [2] Group 3: Industry Context - A range of telescopic leg cranes developed by NOV is setting a new industry standard in the offshore segment, with larger models suited for wind turbine and foundation installation, while smaller models are intended for maintenance [2]