MEMBER NEWS: Tripartite subsea energy MoU signed between Baker Hughes, Mocean Energy and Verlume

September 22, 2022
MEMBER NEWS: Tripartite subsea energy MoU signed between Baker Hughes, Mocean Energy and Verlume

Baker Hughes, Mocean Energy and Verlume have signed a triparty memorandum of understanding (MoU) to identify and discuss potential opportunities for collaboration on integrated wave energy and subsea energy storage solutions for the emerging subsea clean energy market.

In the drive towards lower carbon operations, the MoU will explore the opportunities for integrated wave energy, energy storage and power delivery solutions to facilitate the electrification of subsea assets as well as the utilisation of renewable energy within harsh, deep-sea environments.

Over an initial two-year period, the MoU will see the three parties utilise and share their combined capabilities within the subsea market to enable the deployment of a reliable, uninterrupted power supply located at point of use for cost-effective and market-competitive electrical power solutions. This could be within temporary, permanent or back-up use cases, including for charging systems for underwater vehicles and subsea production control systems.

Within the scope of the MoU, Baker Hughes will bring its expertise as a leader in the design and manufacture of subsea production equipment, by supplying subsea hardware including controls systems, power systems and other ancillary equipment. Verlume’s scope of supply will focus on the design and delivery of its Halo subsea energy storage system and Mocean Energy will be concentrated on the design and delivery of its Blue Star wave energy converters.

All parties are currently involved in Renewables for Subsea Power, a project combining Mocean Energy’s wave energy converter and Verlume’s Halo to deliver low carbon power and communication to subsea infrastructure such as Baker Hughes’ subsea controls equipment. This project, which will undergo onshore testing in late 2022, is a demonstration of the collaboration which has already taken place between the three signatories, and the types of opportunities that can now be further explored as part of the MoU.

The non-exclusive MoU is not intended to establish any joint venture, partnership or other legal entity among the three signatories.

Romain Chambault, vice president services and offshore and Europe, at Baker Hughes commented: “The signing of this strategic MOU demonstrates Baker Hughes commitment to support our customers in finding clean energy technology solutions to decarbonise their offshore assets. Being a subsea integrator in this partnership with Mocean Energy and Verlume, we believe we can deliver a turn-key solution that meets the expectations of our customers and regulatory bodies.”

Richard Knox, chief executive officer, at Verlumesaid: “The signing of this MoU represents a long-standing relationship between the three parties, with a shared vision and commitment to bring forth power solutions which collectively deliver a greener, more sustainable subsea operational environment as part of the energy transition.”

Cameron McNatt, managing director at Mocean Energyadded: “For Mocean Energy, partners like Baker Hughes and Verlume, who have complementary technologies and skills, are essential to delivering complete solutions to address growing customer demand. The signing of the MoU marks a key milestone in our supportive relationship with these partners, and in our growth journey.”

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AREG has played an important role in the growth of Scotland’s renewable energy sector, engaging the supply chain and developing the European Offshore Wind Deployment Centre. However, we are only at the very beginning of the transition that AREG was established to both lead and support so there are still opportunities for companies to get into the constantly evolving renewables supply chain. We look forward to continuing our work together as renewables builds on its place as Scotland’s main source of power, and as we seek to deliver real change in the crucial areas of heat and transport.

Scottish Renewables

Aberdeen & Grampian Chamber of Commerce has worked closely with AREG since its formation. The recent progress in the developments of offshore wind projects by Equinor and Vattenfall are as a result of the work of the group over many years. The north-east is known as the oil and gas capital of Europe. At the Chamber, we believe the region must evolve its position to being recognised as the energy capital. Whilst hydrocarbons will continue to be essential in driving our economy for years to come, the generation of renewable resources will play an increasingly important role in providing cost-effective power, innovative development and economic growth.

Aberdeen & Grampian Chamber of Commerce

The enthusiasm and dedication of the early group that would become AREG was fundamental in us choosing to launch All-Energy in Aberdeen. The first tiny show was held in 2001, and AREG’s Chairman at the time, Jeremy Cresswell, played such an active role that I often describe him in terms such as All-Energy’s ‘midwife’. All-Energy is now the UK’s largest renewable and low carbon energy exhibition and conference in terms of number of attendees, space booked, and number of exhibiting companies. As AREG became firmly established, their presence and support for the event grew spectacularly over the years. We thank them most sincerely for their invaluable input.

All-Energy

Vattenfall has forged a strong working relationship with AREG through the development of the European Offshore Wind Deployment Centre. AREG has worked tirelessly on behalf of the North East and it can take enormous credit for the growth of sustainable energy in the region and the path it has cleared for the region to capture further investment.

Vattenfall

Aberdeen City and Shire is emerging as a key location for renewables by successfully transferring its world-class oil and gas expertise into the sector and AREG has done much to advance this through a broad range of initiatives. It has acted as a catalyst in driving further investment in the local economy by engaging with companies, Government, public bodies and existing projects and we have been pleased to support their efforts. Scottish Enterprise will continue to engage with AREG as we increase Scotland’s use of renewable energy.

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