What's Happening?
Global OTEC has been selected to participate in the DeepStar consortium's new research project, which is supported by major operators such as Chevron, ExxonMobil, and bp. The project aims to explore the use of Ocean Thermal Energy Conversion (OTEC) as a renewable power source for deepwater oil and gas operations. This marks the first inclusion of OTEC technology in DeepStar's portfolio, highlighting its potential to decarbonize offshore production. The study will investigate the feasibility of replacing traditional power sources like gas and diesel turbines with modular OTEC systems, applicable to various offshore units.
Why It's Important?
The integration of OTEC technology into offshore oil and gas operations represents a significant step towards reducing carbon emissions in the industry. By providing a continuous, low-carbon power source, OTEC could help operators meet environmental targets and reduce reliance on fossil fuels. This development aligns with global efforts to transition to sustainable energy solutions, potentially influencing industry standards and encouraging further investment in renewable technologies. The collaboration with major operators underscores the strategic importance of decarbonization in the sector.
