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Floating Wind Farm Planned for Ulsan, Korea (Int'l Report)
WindPower Korea, EDP Renewables, Aker Solutions
Date: 2019-11-27
Following up on our 21st October coverage, EDP Renewables, a consortium founded by EDP and Aker Solutions reports it has joined WindPower Korea with investments in the development company Korea Floating Wind Power (KFWind). Principle Power, which had a role in originating the KFWind project portfolio, will supply its WindFloat foundation technology for the 500-MW project.

As previously reported, KFWind inked a MoU with the City of Ulsan to cooperate on the development of floating wind projects and support the Ulsan region as a manufacturing hub for domestic and export offshore wind markets.

South Korea is targeting 13 GW of offshore wind installed by 2030, and 30 pct or more renewable energy by 2040. (Source: WindPower Korea, EDP Renewables, Aker Solutions 25 Nov., 2019)Contact: WindPower Korea, +82-2-584-5326, kwsuh@windpowerkorea.com, www.windpowerkorea.com; Aker Solutions, Fredrik Berge, Inv. Relations, +47 22 94 62 19, fredrik.berge@akersolutions.com, www.akersolutions.com; EDP Renewables, +351 21 001 25 00, www.edpr.com

More Low-Carbon Energy News Floating Wind,  Offshore Wind,  WindPower Korea,  EDP Renewables,  Aker Solutions ,  


Floating Wind Farm Planned for Ulsan, Korea (Int'l Report)
EDPR, Aker Solutions
Date: 2019-10-21
A consortium of WindPower Korea, EDP Renewables and the engineering firm Aker Solutions are reporting plans to develop an initial 500MW floating wind farm off the coast of Ulsan Metropolitan City in South Korea. Principle Power will supply its proven WindFloat® foundation technology for the project.

The South Korean Government is calling for 13 GW of offshore wind to be installed by 2030 and set a target of at least 30 pct renewable energy by 2040.

The Ulsan area is considered well-suited for commercializing floating wind, due to the combination of industry-leading shipyards, maritime expertise and port facilities in the region. (Source: WindPower Korea, EDPR Renewables, Aker Solutions, reve, 189 Oct., 2019) Contact: WindPower Korea, +82-2-584-5326, kwsuh@windpowerkorea.com, www.windpowerkorea.com; Aker Solutions, Fredrik Berge, Inv. Relations, +47 22 94 62 19, fredrik.berge@akersolutions.com, www.akersolutions.com; EDP Renewables, +351 21 001 25 00, www.edpr.com

More Low-Carbon Energy News Floating Wind,  Offshore Wind,  Aker Solutions,  EDPR,  


Coalition Calls for 10 GW of Calif. Offshore Wind Power (Ind Report)
Equinor,Aker Solutions,NREL
Date: 2019-10-07
A new Offshore Wind California coalition of renewable energy companies is calling for the Golden State to commit to a goal of at least 10 GW of primarily floating offshore wind power in California waters by 2040.

The group that counts Equinor and offshore engineering company Aker Solutions among its members notes that U.S. East Coast states have about 22 GW worth of offshore wind commitments and are projected to see an estimated $70 billion in related supply chain spending by 2030.

The US DOE National Renewable Energy Laboratory (NREL) estimates California's potential for offshore wind at about 112 GW, including about 8.4 GW in three Bureau of Ocean Energy Management (BOEM) designated study areas. NREL also notes that floating wind platforms are a basic requirement for most of the state's offshore waters, which are too deep to support monopile or multi-leg jackets. (Source: NREL, Maritime Executive, Oct., 2019) Contact: NREL, www.nrel.gov; Aker Solutions, Fredrik Berge, Inv. Relations, +47 22 94 62 19, fredrik.berge@akersolutions.com, www.akersolutions.com; Equinor, Pal Eitrheim, VP New Energy Solutions, www.equinor.com

More Low-Carbon Energy News Offshore Wind,  Floating Offshore Wind,  BOEM,  NREL,  Equinor,  Aker Solutions,  Offshore Wind,  


OGTC Announces Net-Zero Solution Center (Int'l. Report)
Oil & Gas Technology Center
Date: 2019-09-04
In the UK, the Aberdeen-based Oil & Gas Technology Center (OGTC) , in partnership with industry, reports it will create a new Net-Zero Solution Center to accelerate the development and deployment of technologies to de-carbonize offshore operations and develop the UKCS as the first net-zero oil and gas basin globally, supporting the industry's Roadmap 2035.

The Center will focus on developing technologies to reduce operational carbon emissions, working with other parts of the energy sector to create integrated solutions and re-purposing infrastructure to accelerate carbon capture usage and storage, hydrogen production and gas-to-wire capacity.

BP, Shell, Wood, Chrysaor, Aker Solutions, INEOS, CNOOC International, Total, Siemens and Equinor are among the project's backers. (Source: Offshore Engineering, OGUK, PR, 3 Sept., 2019) Contact: Oil & Gas Technology Center, Colette Cohen, CEO, +44 1224 063200, www.theogtc.com

More Low-Carbon Energy News Net-Zero Emissions,  Carbon Emissions,  


Aker Solutions to Assess Possible Oil Refinery CCS Tech (Int'l)
Preem,Aker Solutions
Date: 2019-03-01
Global engineering company Aker Solutions reports it has been selected by Sweden's largest fuel company PREEM to conduct a feasibility study of the technological and economic impact of implementing carbon capture technology at Preemraff Lyekil, Scandinavia's major crude oil refinery.

The scope of Aker's work includes pilot testing of carbon capture from the oil refinery flue gas in industrial conditions. The test is intended to assess the carbon capture process performance such as solvent degradation rate, energy efficiency and percentage of CO2 captured which will be included in the possible later design and implementation of a large-scale capture plant. The feasibility study will include design of a full-scale carbon capture plant for the Hydrogen Production Unit (HPU) at the refinery. (Source: Aker Solutions, Gas World, 28 Feb., 2019) Contact: Preem, Petter Holland, CEO, +46 (0) 10 459 1000, www.preem.se/en/in-english; Aker Solutions, Oscar Graff , VP, Head of Carbon Capture, Utilisation and Storage, Fredrik Berge, Inv. Relations, +47 22 94 62 19, fredrik.berge@akersolutions.com, www.akersolutions.com

More Low-Carbon Energy News Preem,  CCS,  Carbon Capture,  AKer Solutions,  CCUS,  


Global Carbon Capture and Storage Market 2017-2021 Developments, Opportunities, Players, Regions, Suppliers -- Report Available (Ind. Report)
Carbon Capture and Storage ,CCS
Date: 2018-08-01
The recently released Global Carbon Capture and Storage Market 2017-2021 Developments, Opportunities, Players, Regions, Suppliers report provides detailed information on the driving factors and challenges that will define the upcoming development of the Carbon Capture and Storage (CCS) market. The report examines existing opportunities in small markets for investors thorough an analysis of the competitive landscape and product offerings of key players including: Babcock & Wilcox, ENGIE, GE Power, The Linde Group, Mitsubishi Heavy Industries, Air Products and Chemicals, Aker Solutions, Amec Foster Wheeler, Chevron, Fluor, Hitachi, Net Power, Schlumberger, Shell, Siemens, Statoil, and Sulzer.

According to the report, the CCS market is predicted to grow at a CAGR of 9.18 pct. up to 2021.

View report details HERE. Request a report Sample PDF HERE. (Source: Absolute Reports, July, 2018) Contact: Absolute Reports, www.absolutereports.com

More Low-Carbon Energy News CCS,  Carbon Dioxide,  CO2,  Carbon Market,  Carbon Tax,  Carbon Sequestration,  


Aker Expands Into Floating Offshore Wind (Ind. Report)
Aker Solutions,Principle Power
Date: 2018-02-09
Oslo-headquartered Aker Solutions reports it has invested in Emeryville, California-based floating wind power technology company Principle Power Inc., forming an alliance that brings Aker's extensive track record in developing offshore oil and gas fields, with particular capabilities in floating facilities, to the rapidly growing offshore wind sector.

The partnership will help bring Principle Power's innovative WindFloat offshore wind floating foundations to a broader market. The WindFloat foundation allows wind turbines to be placed at offshore sites with some of the most abundant wind resources, irrespective of water depths. Installation, operation and maintenance of the WindFloat foundation lower the risks, costs and environmental impact compared with competing technology.

Aker Solutions purchased an initial 5 pct stake in Principle Power and will increase this to 10 pct by the end of this year. It has the option to increase ownership further at a later stage. Financial details of the transaction have not been released. (Source: Aker Solutions, 7 Feb., 2018) Contact: Aker Solutions, Luis Araujo, CEO, Fredrik Berge, Inv. Relations, +47 22 94 62 19, fredrik.berge@akersolutions.com, www.akersolutions.com; Principle Power, (510) 280- 5180, www.principlepowerinc.com

More Low-Carbon Energy News Aker Solutions,  Offshore Wind,  Principle Power ,  


Aker Scores Norwegian Carbon Capture Study Contracts (Int'l)
Aker Solutions,Norcem,Yara
Date: 2017-04-28
Oslo-headquartered Aker Solutions reports it will undertake carbon capture concept studies at the Yara ammonia plant on Heroya and Norcem's cement production facility in Brevik, Norway.

Norcem and Yara are among three companies in the running to receive funding from the Norwegian government to build and operate a full-scale carbon capture plant at their respective facilities. The government aims to fund at least one of the plants, which would be operational by 2022.

The Norcem study will design a carbon capture plant that is integrated with the cement factory, including a process to turn the CO2 into liquid and storage facilities that can be used before shipping. The plant will have a 400,000 tpy CO2 capacity. The Yara study will design and develop a capture plant for the reformer flue gas and will also include liquefaction. Both studies are slated for completion this September.

Norway's Gassnova last week announced the kick-off of the concept studies as part of a goal to establish a complete carbon capture and storage (CCS) chain, including capture, transport and permanent storage, by 2022. (Source: Aker Solutions ASA, PR, 26 April, 2017) (Contact: Aker Solutions, Oscar Graff, CCS Head, Bunny Nooryani, +47 67 59 42 71, mob: +47 480 27 575, bunny.nooryani@akersolutions.com, http://akersolutions.com

More Low-Carbon Energy News Aker Solutions,  Carbon Capture,  CCS,  

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