SeaTwirl and Verlume join forces to drive decarbonization of offshore assets

Swedish energy-tech company SeaTwirl and UK-based energy management and energy storage firm Verlume have inked a memorandum of understanding (MoU) to collaborate on the electrification of offshore assets and decarbonization of the oil and gas industry.

The MoU will see the two companies identify and pursue potential opportunities for decarbonization of offshore oil and gas and other associated offshore electrification opportunities, using renewable power and seabed-based energy storage and intelligent energy management.

SeaTwirl and Verlume plan to develop systems for commercial sale, using combined technologies.

“This MoU is a significant step forward for the decarbonization of the offshore oil and gas industry and we are looking forward to beginning this collaborative working relationship with SeaTwirl,” said Richard Knox, CEO of Verlume.

“As a company, we have designed our subsea energy storage systems to be agnostic to any renewable power input and we believe that through integration with SeaTwirl’s unique floating wind power technology, we will jointly be able to provide large capacity systems for clean power delivery across a range of assets and use cases in the subsea environment.” 

Johan Sandberg, CEO of SeaTwirl, added: “We are excited to enter this MoU with an established partner like Verlume, a well-known brand in the offshore electrification market.” 

“I am convinced that our combined capabilities and technologies will push forward the decarbonization of remote assets and prove that the hard-to-abate emissions can be reduced through new technology. At SeaTwirl, we look forward to continuing to develop this market through this MoU and to expand the possibilities of renewable offshore energy solutions.”

Aberdeen’s intelligent energy management specialists Verlume has developed a £2 million (approximately $2.5 million) project linking the Blue X wave energy converter constructed by Mocean Energy with a Halo underwater battery storage system.

The industry-supported project, situated 5 kilometers east of Orkney Mainland, demonstrates the integration of green technologies to deliver consistent and sustainable low-carbon power and communication to subsea equipment.