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Renewable energy sources increase their share in the energy mix and, therefore it is important to accommodate variability in energy production. In this study, a hybrid approach is evaluated where a combination of batteries and compressed air are used together with seawater reverse osmosis in order to match renewable energy against electricity and water needs. Especially in remote islands renewable energy-powered desalination is an attractive option. These technologies are tested on a semi-submersible floating platform, accommodating an offshore wind turbine, a photovoltaic system and a reverse osmosis seawater desalination. The floating offshore system can deliver both fresh water and electricity in a dynamic configuration. Simulations of different operating strategies have been examined and show that sustainable solutions can be achieved.