Swedish floating wind turbine developer SeaTwirl has signed a memorandum of understanding with Serica Energy to explore electrification of offshore assets.
While vertical axis wind turbines may lack the efficiency of their horizontal counterparts, Swedish firm SeaTwirl believes they can offer several benefits for floating projects, including North Sea electrification.
Aberdeen-based energy storage specialist Verlume has teamed up with Swedish vertical-axis wind turbine developer SeaTwirl to electrify offshore oil and gas assets and decarbonise the oil and gas industry.
Supply chain firm NorSea Group and wind farm developer Parkwind will form part of a finance group looking to invest in new floating wind turbine technology.