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Promising results from case study of oil & gas platform electrification with wave energy

Karlskrona/Gothenburg, Sweden; 22 September 2022 – Offshore oil & gas platforms require constant power supply and decarbonization of this power is a high priority. A case study with Lundin Energy Norway has shown that wave power is highly competitive with offshore wind power, both in terms of levelized cost of energy and providing a more stable power supply that requires only half as much power balancing. To assess the sizing and power balancing requirements of the oil & gas platform, a one-year time series with sea state data was analysed. A design for a 100 MW wave farm was

Ocean Harvesting Technologies in collaboration with Lundin Energy Norway on using wave energy to provide electricity to oil and gas platforms

April 28[th], 2021 – In a future aligned with a 2-degree pathway, oil still plays an important role and is estimated to account for around 23% of the global energy mix in 2040, compared to 31% today. But in order to meet both future energy demand and climate targets, it is critical to decarbonise the production of oil and gas as much as possible.Lundin Energy’s carbon intensity per barrel of oil produced is approximately a sixth of the industry world average and the company will be one of the first oil and gas companies to achieve carbon neutrality from 2025. To achieve carbon neutrality

Ocean Harvesting Technologies secures €300 000 investment from the Lundin Foundation

On 11[th] September 2020, Ocean Harvesting Technologies, a Swedish pre-commercial renewable energy company striving to be a market leader in wave energy technology, announced a €300 000 investment from Lundin Foundation. The investment matches a €300 000 grant from the Swedish Energy Agency to provide Ocean Harvesting Technologies with the required funding to prototype the next development phase of the company’s novel InfinityWEC technology.InfinityWEC is a modular and scalable wave energy conversion system that is capable of capturing and converting wave energy to electricity in a highly

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