GE Vernova’s Gas Power business and Northern Lights , a Norwegian company developing infrastructure for cross-border CO2 transport and storage in Europe, have signed an MOU to enable development of carbon capture and storage (CCS) solutions.
According to the terms of the MOU, both companies will develop technical and logistical solutions to capture, transport, and store CO2, which will be essential to the development of an effective CCS supply chain.
Martijn Smit, Business Development Director at Northern Lights, said: “CCS is a necessary solution to reduce emissions from the power and heat market. While green energy solutions such as solar and wind power are being developed, CCS contributes to reducing or removing emissions from hard-to-abate industries where limited alternatives are available.”
GE said that it believes CCS technologies will play a crucial role in reducing carbon emissions in the power generation sector and has developed relationships with providers and customers to advance innovation, including agreements with Linde, Technip, NetZero Teesside, and Southern Company.