The 40kw SOFC System will be installed on an FPSO in 2026. Photo credit:  MODEC, Inc. Eld Energy and MODEC Advance to Phase 2: Installation of a Solid Oxide Fuel Cell (SOFC) onboard a Floating Production Storage and Offloading (FPSO) Tokyo, Japan / Bergen, Norway – 16.07.2025 - Eld Energy AS, a Norwegian fuel cell system company, is proud to announce the commencement of Phase 2 of its collaboration with MODEC. Building on the successful completion of the initial feasibility and design phase, this next milestone will see the manufacturing and installation of a 40-kW solid oxide fuel cell (SOFC) system aboard one of MODEC’s floating production storage and offloading (FPSO) vessels operating offshore. The unit, to be manufactured by Eld Energy at its facility in Bergen, Norway, is scheduled for installation in 2026. This deployment marks a significant step toward demonstrating the viability of solid oxide fuel cells in offshore energy environments - offering a cleaner, more efficient alternative to traditional power sources. This phase follows the successful feasibility study, where the two companies collaborated on system design and integration studies. As part of the study, a successful laboratory test was conducted using simulated produced gas, including heavier hydrocarbons — a critical milestone that enabled the progression to Phase 2 "We’re excited to deepen our partnership with MODEC and move one step closer to showcasing solid oxide technology at sea," said Hans Fredrik Lindøen-Kjellnes CEO of Eld Energy. "Phase 2 is not just a technical milestone — it’s a statement of confidence in the role SOFCs can play in the decarbonization of offshore operations." “We are thrilled to take this step-ahead with Eld Energy in the innovation of SOFC as an alternative power generation system”, said Koichi Matsumiya, CTO of MODEC. “Although we foresee technical hurdles to overcome in this R&D journey, we are committed to pioneering into it with strong will to provide solutions that deliver stable energy in low GHG emissions. Eld Energy’s solution offers high-efficiency power generation with low emissions, aligning with the maritime and energy sectors' drive toward more sustainable operations. By integrating advanced SOFC systems into existing offshore infrastructure, the companies aim to reduce environmental impact while maintaining operational reliability. The project represents the first real-world implementation of SOFC technology on an FPSO. About Eld Energy Eld Energy is a Norwegian firm that specializes in design and delivery of 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. https://www.eldenergy.com 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/

The long-term goal is to deploy an 80+ MW SOFC system on an FPSO by 2030. Photo credit: MODEC Inc 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.”   Hans Fredrik Lindøen-Kjellnes, CEO at Eld Energy and Yasushi Ueda, R&D Program Manager at MODEC during the signing at MODEC HQ in Tokyo. 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/

Launching Eld Energy – Set up to decarbonize offshore operations! Bergen 03.02.2025 Today marks the launch of Eld Energy. The company is established by a group of impatient engineers, determined to make the most efficient power conversion technology out there. Our solutions are based on high-temperature fuel cell technology, enabling zero emission operation at superior efficiency.  The company is based in Bergen, Norway on the back of more than 30 years of research and development of Fuel Cells. Our mission is to decarbonize the hard-to-abate offshore industries.  Electrifying large power consumers, such as oil & gas installations and large oceangoing ships, is costly or nearly impossible with existing technologies due to the high energy demands and the limitations of current infrastructure​ By leveraging our extensive experience in the maritime and oil & gas industries, our systems are purpose built to withstand harsh marine conditions on offshore installations and deep-sea vessels.