SeaTwirl, Verlume to Advance Decarbonization of Offshore Oil and Gas Industry

SeaTwirl and Verlume Ltd. have entered an MoU with the purpose of identifying and pursuing potential opportunities to work together on the decarbonization of offshore oil and gas and other associated offshore electrification opportunities, using renewable power and seabed-based energy storage and intelligent energy management. The aim is to enable commercial sales of bespoke systems using the companies’ combined technologies as a solution.

“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. 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,” said Richard Knox, CEO, Verlume.

“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,” added Johan Sandberg, CEO SeaTwirl.