HSM Offshore Energy
HSM Offshore Energy (Smulders HSM) is a Dutch private EPCIC contractor fabricating high-voltage substations, jackets, offshore hydrogen platforms, and CCUS infrastructure for tier-one European energy developers and TSOs across the wind, hydrogen, gas, and carbon capture sectors.
- Company typePrivate
- Founded1966
- HeadquartersSchiedam, Netherlands
- Headcount51–100
- GTM typeB2B
- OfferingServices
What HSM Offshore Energy does
HSM Offshore Energy (operating as Smulders HSM) is a Dutch private EPCIC contractor headquartered in Schiedam, Netherlands, with primary manufacturing and assembly facilities in Schiedam and Vlissingen. The company engineers, procures, fabricates, installs, and commissions multi-disciplinary offshore structures for the energy sector, with four core product lines: high-voltage substations and steel jacket foundations for offshore wind, scalable offshore green hydrogen production platforms (50 MW to 400 MW+), topsides and modules for offshore gas production and processing, and offshore carbon capture and storage (CCUS) infrastructure.
The company's core technology centers on integrated EPCIC execution of large, heavy-lift offshore structures, including HV substation integration and steel jacket fabrication. It claims the position of the first active European player in high-voltage substation fabrication and integration for offshore wind, with over 3.6 GW of connected offshore wind capacity in Europe and 150+ projects delivered across 60 years of offshore experience. Notable engineering outputs referenced include a 1,060 MW Thor offshore wind platform described by GE as 'one of the lightest in the industry for its size' and a 900-tonne cable deck lift executed at the Schiedam yard.
The business model is project-based enterprise EPCIC contracting. Revenue is generated through one-time, multi-year engineering, procurement, construction, installation, and commissioning contracts awarded by major offshore energy developers and transmission system operators, with pricing determined per project and not publicly disclosed. Go-to-market is direct enterprise field sales to a concentrated roster of European tier-one clients including RWE, Ørsted, TenneT, Chevron, Shell, Equinor, ONE-Dyas, Elia, Total, Repsol, 50Hertz, Aker Solutions, Maersk Oil, Spirit Energy, GE, and ScottishPower. Strategic partnerships include H2SEA for offshore hydrogen platforms and the HSI Joint Venture for cable deck integration. The current orderbook is reported to be 99% renewable energy projects, indicating a deliberate portfolio pivot toward wind, hydrogen, and CCUS.
HSM Offshore Energy firmographics
Firmographics- Name
- HSM Offshore Energy
- Legal name
- Smulders HSM
- Website
- https://hsmoffshoreenergy.com
- Company type
- Private
- Founded year
- 1966
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- HSM Offshore Energy (Smulders HSM) is a Dutch private EPCIC contractor fabricating high-voltage substations, jackets, offshore hydrogen platforms, and CCUS infrastructure for tier-one European energy developers and TSOs across the wind, hydrogen, gas, and carbon capture sectors.
- Ownership category
- akta.pro rank
HSM Offshore Energy industry classification
Industry- Product category
- Offshore Energy EPCIC Contracting
- NAICS
- Mining and Oil and Gas Field Machinery Manufacturing (33313)
- SIC
- Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)
Keywords
Where HSM Offshore Energy is headquartered
LocationHeadquarters
- HQ city
- Schiedam
- HQ country
- Netherlands
- HQ region
- Europe
Offices2 records
Markets served
HSM Offshore Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- EPCIC Contract Revenue: HSM Offshore Energy generates revenue through Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contracts for offshore energy infrastructure projects. These are large-scale, project-based contracts with major energy developers, typically spanning multi-year timelines from engineering through installation and commissioning.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
HSM Offshore Energy product offering
Product offeringCore offering
HSM Offshore Energy (operating as Smulders HSM) is an integrated EPCIC (Engineering, Procurement, Construction, Installation and Commissioning) contractor delivering multi-disciplinary offshore energy projects. The company fabricates and integrates high-voltage substations and foundations for offshore wind, scalable offshore green hydrogen production platforms (50 MW to over 400 MW), gas production and processing modules with steel jacket foundations, and offshore carbon capture and storage (CCUS) infrastructure for major energy developers and transmission system operators.
Product overview
Smulders HSM (HSM Offshore Energy) is an integrated EPCIC (Engineering, Procurement, Construction, Installation and Commissioning) solution provider for the offshore energy sector. The company operates as a single unified offering with four interconnected product lines: Offshore Wind Substations (high-voltage substations and foundations), Offshore Hydrogen Platforms (50MW-400MW+ green hydrogen production), Offshore Gas Production and Processing Modules (topsides and jacket foundations), and Carbon Capture and Storage Solutions. With over 60 years of offshore experience and 150+ projects delivered, the company leverages engineering expertise to serve the renewable energy transition, with 99% of its current order book in renewable energy projects.
Differentiator
Problem solved
Functional benefit
Products and services
- Offshore Wind Substations Fabrication and integration of high-voltage substations and foundation structures for offshore wind farms, with 3.6 GW+ of offshore wind power connected in Europe. Offered to major offshore wind developers such as RWE, Ørsted, and Equinor.
- Offshore Hydrogen Platforms Scalable offshore green hydrogen production platforms ranging from 50 MW to over 400 MW, co-developed with H2SEA, providing cost-effective solutions for large-scale offshore green hydrogen production and export pipeline to shore.
- Offshore Gas Production and Processing Modules Gas production and processing modules, topsides, and steel jacket foundations for offshore gas operations, leveraging the company's 60-year heritage in the offshore upstream gas market.
- Carbon Capture and Storage (CCUS) Solutions Offshore carbon capture, utilization, and storage (CCUS) infrastructure solutions targeting global efforts to reduce greenhouse gas emissions, positioned by the company as a future leadership area.
- EPCIC Services for Multi-Disciplinary Offshore Projects Engineering, Procurement, Construction, Installation and Commissioning services for multi-disciplinary offshore projects, including integrated platforms, modules and jackets, delivered to major energy developers and transmission system operators.
Quantifiable outcome
- 3.6 GW+ of Offshore Wind Power Connected in Europe
- +2 more outcomes
Companies that use HSM Offshore Energy
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
HSM Offshore Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
HSM Offshore Energy partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, flagship and minor.
- H2SEAcoreHSM Offshore Energy partners with H2SEA to advance offshore green hydrogen production. Together they have developed a scalable range of offshore green hydrogen production platforms from 50 MW up to and over 400 MW, providing cost-effective solutions for large-scale offshore green hydrogen production and export pipeline to shore.
- RWEflagshipRWE is developing the Thor offshore wind farm (1.1 GW) in Denmark, where HSM Offshore Energy installed the offshore substation. RWE holds 51% ownership in the project joint venture with Norges Bank Investment Management (49%). The project is on track for full commercial operation by 2027.
- Siemens GamesacoreSiemens Gamesa manufactured the turbine towers for the Thor offshore wind farm project. HSM Offshore Energy installed the offshore substation for this project.
- Siemens EnergycoreSiemens Energy completed the onshore substation for the Thor offshore wind farm project, working alongside HSM Offshore Energy's offshore substation installation.
- EnerginetminorEnerginet operates the Danish grid for the Thor offshore wind farm project. They provide grid connection and operations services for the project.
- Danske CommoditiesminorDanske Commodities provides route-to-market services for the Thor offshore wind farm, handling electricity trading and market access.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
HSM Offshore Energy competitors and assessment
Company assessmentOthers
- Hitachi Energy (Grid Integration): Supplies HV substation equipment (transformers, switchgear, HVDC) that integrates with HSM's fabricated platform structures. Complementary supplier relationship on offshore wind substations.
- Siemens Energy (Grid Technologies): Delivers onshore substations and grid connection systems for offshore wind; partner on Thor project. Adjacent ecosystem player rather than direct fabrication competitor.
Direct peers
- Lamprell: UAE-headquartered offshore platform and jack-up rig fabrication specialist. Competes on steel jacket foundations and topside modules for offshore wind and oil & gas.
- Saipem: Italian offshore EPC contractor with active substation, jacket, and floating wind fabrication capabilities. Directly competes with HSM on European offshore wind platform and substation EPC scopes.
- Bladt Industries: Danish-based fabricator specializing in offshore wind foundations and substations. Direct competitor on European offshore wind substation EPC scopes.
- Heerema Fabrication Group: Dutch fabricator of offshore structures, jackets, and topsides for wind and oil & gas. Geographic and product overlap with HSM, particularly in steel jacket foundations and platform fabrication.
- Aker Solutions: Norwegian-headquartered EPC contractor delivering offshore platforms, substation integrations, and modules for offshore wind and oil & gas developers. Most comparable broad-line peer competing for the same large North Sea substation and platform tenders that HSM pursues.
- Sembcorp Marine (SMOE): Singapore-based offshore platform and module EPC contractor with growing presence in European offshore wind substations and hydrogen platforms. Comparable product scope and large-project execution model.
Broad incumbents
- McDermott International: Global offshore EPC incumbent delivering fixed platforms, FPSOs, and substation solutions. Competes with HSM on large offshore platform tenders and brings broader portfolio scale.
Emerging players
- Equans (offshore fabrication): European engineering services group with growing offshore wind and hydrogen fabrication capabilities. Emerging competitor particularly in the offshore hydrogen platform segment.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
HSM Offshore Energy social profiles
Digital presenceHSM Offshore Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
HSM Offshore Energy leadership team
Management profileNumber of profiles
HSM Offshore Energy subsidiaries and ownership
Company hierarchySubsidiaries2 records
HSM Offshore Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HSM Offshore Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HSM Offshore Energy
What does HSM Offshore Energy do?
HSM Offshore Energy (operating as Smulders HSM) is an integrated EPCIC (Engineering, Procurement, Construction, Installation and Commissioning) contractor delivering multi-disciplinary offshore energy projects. The company fabricates and integrates high-voltage substations and foundations for offshore wind, scalable offshore green hydrogen production platforms (50 MW to over 400 MW), gas production and processing modules with steel jacket foundations, and offshore carbon capture and storage (CCUS) infrastructure for major energy developers and transmission system operators.
Is HSM Offshore Energy a public or private company?
HSM Offshore Energy is a private company. It is classified as unknown and is currently operating.
When was HSM Offshore Energy founded?
HSM Offshore Energy was founded in 1966. It employs 51 to 100 people.
Where is HSM Offshore Energy based?
HSM Offshore Energy is headquartered in Schiedam, Netherlands, in the Europe region.
How does HSM Offshore Energy make money?
One revenue line is on record: EPCIC Contract Revenue.
Who are HSM Offshore Energy's main competitors?
Others on record are Hitachi Energy (Grid Integration) and Siemens Energy (Grid Technologies). Direct peers are Lamprell, Saipem, Bladt Industries, Heerema Fabrication Group, Aker Solutions and Sembcorp Marine (SMOE). McDermott International is listed as a broad incumbent. Equans (offshore fabrication) is listed as an emerging player.
Does HSM Offshore Energy have an API?
No public API is recorded for HSM Offshore Energy.
What industry is HSM Offshore Energy in?
HSM Offshore Energy's product category is Offshore Energy EPCIC Contracting. Its primary akta.pro industry code is EUAEAAAF, Wind Power Plant EPC (Onshore/Offshore). Its NAICS code is 33313 and its SIC code is 3533.