Eld Energy Awarded Contract by MODEC
- ivar228
- Feb 25
- 2 min read
Eld Energy has been awarded a contract by MODEC for a feasibility study on Solid Oxide Fuel Cells (SOFC) integration onboard a Floating Production Storage and Offloading (FPSO) unit. The long-term goal is to deploy an 80+ MW SOFC system offshore by 2030
Tokyo, Japan – 25.02.2025 Eld Energy AS, a Norwegian fuel cell system engineering company, is pleased to announce that it has been awarded a contract by MODEC, Inc., a global provider of floating production solutions, for a feasibility study. This study will focus on the integration of Solid Oxide Fuel Cells (SOFC) onboard a Floating Production Storage and Offloading (FPSO) unit.
The ambition of the cooperation is to develop multi-MW power plants being able to replace gas turbines offshore by 2030 and thereby increase efficiency and reduce emissions.
The contract signing took place in Tokyo, marking a significant milestone in the collaboration between Eld Energy and MODEC. The study aims to explore the feasibility and benefits of utilizing SOFC technology to enhance the efficiency and environmental performance of FPSO units.
"We are thrilled to partner with MODEC on this groundbreaking project," said Hans Fredrik Lindøen-Kjellnes, CEO at Eld Energy. "This collaboration underscores our joint commitment to reducing CO2 emissions and contributing to a more sustainable future for the offshore industry."
MODEC's decision to engage Eld Energy for this study highlights the company's confidence in Eld Energy's expertise and innovative approach to energy solutions. The study will assess the technical and economic viability of integrating SOFC systems, with high efficiency and low emissions, into FPSO operations.
“We are delighted to partner with Eld Energy to advance this innovative technology”, said Yasushi Ueda, R&D Program Manager at MODEC. “We view offshore fuel cells as a promising technology that delivers practical solutions to navigate the energy transition. Through this collaboration, we explore a sustainable future with innovation, together.”
About Eld Energy
Eld Energy is a Norwegian engineering firm that specializes in designing fuel cell systems for offshore applications. The company has assembled a team of Europe's foremost experts in the design and industrialization of maritime fuel cells with the aim to decarbonize offshore installations and deep-sea shipping.
About MODEC
MODEC is a leading provider of floating production solutions such as Floating Production Storage and Offloading (FPSO) vessels to the offshore oil & gas industry. MODEC performs Engineering, Procurement, Construction and Installation (EPCI) activities for FPSOs, and further by owning and operating its own FPSOs, it provides oil companies around the world with comprehensive and competitive solutions for oil & gas production services. For more information, please visit https://www.modec.com/