MODEC and Eld Energy Sign Memorandum of Understanding to Develop a 1.2 MW Power System Integrated with Carbon Capture for Future Zero-Emission FPSOs
Published by Todd Bush on June 9, 2026
MODEC, Inc. (“MODEC”) and Eld Energy AS ("Eld Energy”) announced the signing of a Memorandum of Understanding (MOU) to develop a highly efficient 1.2MW power system integrated with carbon capture for application on Floating Production, Storage and Offloading systems (FPSOs).
Under the MOU, the parties intend that Eld Energy will lead the design, procurement, and construction of the power system based on solid oxide fuel cells (SOFCs), including requisite testing and validation, while MODEC will develop the carbon capture facility and system integration for FPSOs. The 1.2 MW unit is targeted for onshore testing in 2029, followed by long-term demonstration.
>> In Other News: Anortech Enters Carbon Capture Research Collaboration With the National Research Council of Canada
The MOU was signed in Tokyo during the official visit to Japan by His Royal Highness Crown Prince Haakon of Norway in presence of Norway's Minister of Fisheries and Ocean Policy.
The MOU was signed in Tokyo during the official visit to Japan by His Royal Highness Crown Prince Haakon of Norway in presence of Norway's Minister of Fisheries and Ocean Policy. From left to right: Per Christer Lund, Energy Coucillor, Norwegian Embassy Tokyo; Yasushi Ueda, Global Director of Technology & Innovation, MODEC; Hans Fredrik Lindøen-Kjellnes, CEO, Eld Energy; Heidi M. Dahl, Regional Director for Asia & the Middle East, Innovation Norway Marianne Sivertsen Næss, Minister of Fisheries and Ocean Policy
Eld Energy and MODEC have collaborated since 2025 on SOFC systems for offshore use, progressively scaling from 40 kW to 120 kW SOFC plus carbon capture pilot. Building on those results, the new phase aims to demonstrate scalability and integrated carbon management for offshore power.
SOFCs convert chemical energy directly to electricity at high temperature and can accept multiple fuels, and when combined with carbon capture system they offer a practical pathway to deep decarbonization of FPSO power without compromising uptime. Going forward, MODEC will continue to contribute to a stable energy supply while advancing practical emissions reduction solutions on FPSOs.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
The US Hasn't Made Heavy Water Since 1982
Inside This Issue ⚛️ Aternium Completes FEED Studies for US Hydrogen, Heavy Water Project 🐄 Google, McKinsey Strike Brazil Carbon Removal Deal With Silvopasture Project 🔧 Cummins Selects Stargate ...
-
Why Colorado’s Koloma Has Japan’s Largest Utility Hooked
Inside This Issue ⚡ JERA Invests in Koloma to Explore Natural Hydrogen as a Future Low-Carbon Energy 🔬 New CATF Tool Provides Framework for Self-Assessment and Strengthening of Biomass Carbon Remo...
-
LNK Energies Targets $6.50 Hydrogen With No Federal Subsidies
Inside This Issue 🚛 MIT Startup Says It Can Turn Diesel Trucks Into Cheaper Hydrogen Haulers, See It at Disrupt 🏭 Baytown City Council Briefs: ExxonMobil Blue Hydrogen Agreement Approved 🌎 Colorad...
Company Announcements
-
A new interactive tool from Clean Air Task Force (CATF) provides a practical framework for the self-assessment and strengthening of biomass carbon removal (BiCRS) protocols to help ensure that carb...
-
LanzaJet Secures Financing to Scale SAF Production and Supply Global Customers
CHICAGO, Oct. 15, 2026 (GLOBE NEWSWIRE) -- LanzaJet, Inc., a leading next-gen fuels technology company and fuels producer, today announced fully committed new financing of at least $20 million to s...
-
44.01 and Frontier Advance Permanent CO₂ Storage Through In-Situ Mineralization
44.01's in-situ mineralization (ISM) process turns CO₂ into solid rock underground in a few years, after which the risk of reversal is functionally zero. >> In Other News: JERA Invests in ...
-
JERA Invests in Koloma to Explore Natural Hydrogen as a Future Low-Carbon Energy
JERA Co., Inc. (JERA), through its corporate venture capital arm JERA Ventures, has invested in Koloma, Inc. (Koloma), a U.S.-based natural hydrogen exploration and development company. The invest...