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The two companies will explore end-to-end carbon capture and storage (CCS) opportunities to help reduce carbon emissions in the power generation sector.
GE Vernova’s Gas Power business and Northern Lights JV DA, a Norwegian company developing infrastructure for cross-border CO2 transport and storage in Europe, signed a memorandum of understanding (MOU) to accelerate and develop CCS solutions, such as CO2 capture, transportation, and storage applied to power plants powered by GE gas turbines. Both companies will develop technical and logistical solutions.
“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.”
Martijn Smit, Business Development Director at Northern Lights, said: “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.”