By Paul Slorach, Business Development Director, Verlume
The Crown Estate Scotland Innovation and Targeted Oil and Gas (INTOG) leasing round will be transformational for the Scottish oil and gas market. As the first initiative of its kind, it is set to significantly accelerate decarbonisation in the oil and gas sector through the integration of offshore wind farms to provide low carbon electricity for production installations. The leasing round will allow developers to apply for the rights to build new offshore wind farms, as well as small-scale innovation projects such as green hydrogen production.
As a leader in the energy transition for almost a decade, Verlume is excited by the prospect of INTOG. We believe that seabed and offshore energy storage can add significant value to the leasing round, helping to optimise power production profiles for offshore wind farms and for provision of Power-to-X functionality, such as underwater drones, electric surface vessels and green electrolysers.
We are now exploring a number of options for participation within INTOG, to align our expertise in intelligent energy management and energy storage as part of operators’ and developers’ proposals. As described in previous blogs, we are actively working to optimise our Halo technology for MW/MWh opportunities in the offshore wind sector and this opportunity is an extension of those activities.
Read the full blog post on Verlume’s website by clicking here.