GE Vernovas Gas Power business and Northern Lights Sign MoU
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This news is classified in: Traditional Energy Oil and Gas

Jun 12, 2023

GE Vernovas Gas Power business and Northern Lights Sign MoU to Explore Carbon Capture and Storage Opportunities

GE Vernova’s Gas Power business and Northern Lights JV DA, (NL), a Norwegian company developing infrastructure for cross-border CO2 transport and storage in Europe today announced a memorandum of understanding (MOU) that will enable acceleration and development of end-to-end carbon capture and storage (CCS) solutions, including carbon dioxide (CO2) capture, transportation, and storage applied to power plants powered by GE gas turbines.

According to the MOU, both companies will develop technical and logistical solutions to capture, transport, and store carbon dioxide which will be crucial to the development of an effective CCS supply chain.

“At GE we are continually advancing our power generation technologies towards near zero-carbon emissions, and this evolution includes the use of carbon capture and sequestration in order to drastically reduce CO2 emissions in the critical effort to mitigate climate change,” said Martin O’Neill, Vice President of Strategy for GE Gas Power. “We look forward to collaborating with Northern Lights on the development of compatible CO2 transfer systems, in support of our mutual goal of reducing carbon emissions from gas-fired power plants, which provide crucially reliable, affordable, and resilient electricity for homes and businesses worldwide.”

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“CCS is a necessary solution to reduce emissions from the power and heat market in the EU. 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. The collaboration between Northern Lights and GE seeks to reduce emissions from the power generation sector,” said Martijn Smit, Business Development Director at Northern Lights.

GE believes carbon capture and sequestration (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. In 2022, GE’s front-end engineering design (FEED) study “Retrofittable Advanced Combined Cycle Integration for Flexible Decarbonized Generation” received funding from the U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management to develop a detailed plan for integrating carbon capture technologies with a natural gas combined cycle plant to capture approximately 95 percent of carbon dioxide emissions with a goal of commercial deployment by 2030.  In March 2023, GE announced a collaboration with Svante to develop and evaluate innovative solid sorbent technologies for carbon capture from natural gas power generation. In addition, GE successfully tested its first Direct Air Capture (DAC) prototype unit in GE’s CAGE Lab in Niskayuna, NY.

GE Oil & Gas