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Our Transition Roadmap

Charting our journey from offshore oil & gas expertise to becoming a global leader in floating renewable energy solutions

Foundation & Early Diversification
Genesis to Dual Path. Hassan Basma founds HBA. Company incorporates in Singapore (July 2016). Forms Renewable & Hybrid Energy division (2017), signaling early transition recognition.
Capability Building & Strategic Pivot
Excellence to Pivot. Establishes partnerships with GE, Hitachi, ABB for renewable ventures. COVID disruption triggers strategic renewable pivot, transforming crisis into opportunity.
Resilience & Reorientation
From Survival to Strategy. Maintains operations through pandemic. Officially declares strategic shift to Renewable & Hybrid Energy solutions as core growth focus.
Transformation & Breakthrough
The Transformation. Signs renewable MOUs across Southeast Asia. Rebrands to HBA Future Energy (June 2023). Secures 532 MW Anma OSS project - first utility-scale renewable.
Renewable Energy Acceleration
Market Leadership. Anma wins Korean Government auction. Pipeline exceeds 1 GW with Indonesian wind and Vietnam ammonia projects. FAPSO technology advances through IACS approval.
Scale & Impact
Operational Launch. Anma OSS operational (2027), delivering 1,400+ GWh to 1.4+ million homes. Multiple projects enter construction. Achieves 643,000 tons annual CO2 reduction.
Market Leadership
Vision Achievement. FAPSO vessels operational. OSS technology scales across markets. Portfolio expands to >2 GW, establishing HBA as leading Asian renewable developer.
2015 - 2017
2018 - 2019
2020 - 2021
2022 - 2023
2024 - 2025
2026 - 2027
2028 - 2030

Build & Prove

2015 - 2022

Established operational excellence in offshore EPICOM. Built trust through zero-incident delivery. Developed initial renewable capabilities.

Innovate & Scale

2023 - 2027

Launch game-changing technologies like FAPSO. Expand renewable project portfolio. Establish technology partnerships.

Lead & Transform

2028 - 2030​

Position as global floating renewables leader. Enable massive clean energy deployment. Drive industry transformation.

Every kilowatt we generate offshore saves a breath of fresh air onshore.

Technology Evolution Strategy

  • Leverage decades of offshore experience for clean energy challenges
  • Innovate floating systems that unlock remote renewable resources
  • Design integrated solutions from power generation to end use
  • Deploy smart technology to maximize efficiency and output
  • Build strategic alliances to accelerate market adoption

FAPSO

Floating facility producing green ammonia offshore with lower risk and higher flexibility than land-based plants.

FLNG

Offshore facility that liquefies natural gas at sea, eliminating pipeline needs for remote gas fields.

Offshore Substation

Pre-fabricated plug-and-play offshore substations that cut installation time and costs for wind farms.

Power-to-X

Converting renewable electricity into storable energy carriers like green ammonia and methanol.