Norway’s Techouse and Ocean-Power have signed a memorandum of understanding (MoU) to explore the development of a floating gas power plant with carbon capture capabilities, to be deployed on the Norwegian continental shelf (NCS).
The proposed floating power hub could provide a cost-efficient and environmentally friendly alternative to supplying offshore oil and gas platforms with electricity from land, Techouse said on Monday.
Ocean-Power’s concept features floating units equipped with 200-250 MW power packs that supply electricity to offshore platforms and the onshore grid.
The system integrates Techouse’s combined cycle power plant technology, capturing carbon dioxide (CO2) from the exhaust.
The captured carbon can be injected into nearby geological formations, transported via pipelines, or liquefied for storage or utilization.
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The collaboration between Techouse and Ocean-Power will begin with studies to identify suitable locations on the NCS, with the ultimate goal being to secure contracts to build and install one or more power hubs in the region.
Ocean-Power will design, build, own, and operate these installations, using externally sourced natural gas to generate electricity with carbon capture.
Techouse’s combined cycle power technology, which uses gas turbine exhaust heat to produce superheated steam, generating additional power in a steam turbine, is central to the project.
This method reduces fuel consumption by 22-25% compared to traditional gas turbines.
Techouse’s energy recovery expertise complements carbon capture and storage (CCS) systems, as these processes require substantial energy input.
The partnership aims to deliver a sustainable power solution that meets the energy demands of offshore platforms while significantly reducing their carbon footprint.
Ocean-Power has previously entered similar agreements with other strategic partners to advance floating power generation with integrated CO2 capture and storage capabilities.
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