10th March 2021
10:36 am
10th March 2021
10:36 am
A coalition of energy companies has invested £1.6m into a programme to develop a wave-powered renewable energy system for subsea projects.
Image credit: S. Hermann & F. Richter from Pixabay
Marine energy company Mocean Energy has teamed up with energy storage developer EC-OG alongside Chrysaor, Modus, OGTC and Baker Hughes to fund the demonstration of the system. Their aim is to cost-effectively lower the carbon footprint of providing power to subsea equipment.
“The decarbonisation of oil and gas operations is essential for the energy transition,” said Cameron McNatt, Mocean Energy’s managing director. “Our technology uses renewable energy from waves to deliver low carbon power for subsea equipment, including tiebacks and future fleets of autonomous underwater vehicles AUV’s].”