Equinor has signed a Memorandum of Understanding with Microsoft to discover methods to assist the Northern Lights carbon seize and storage (CCS) venture as a expertise companion. Microsoft will discover utilizing the venture to allow the transportation and storage of captured CO2 . Equinor is creating the venture along with Shell and Total as equal companions.
“Carbon seize and storage is a confirmed expertise and has the potential to play a key position in decarbonizing power and industries throughout sectors to satisfy worldwide local weather targets,” stated Equinor Executive Vice President Irene Rummelhoff. “We look ahead to working along with Microsoft and the Northern Lights companions to develop digital applied sciences for Northern Lights. We are additionally completely satisfied to companion with Microsoft to discover alternatives for the Northern Light venture to take away carbon from Microsoft’s operations.”
“One of the world’s imperatives is the necessity to develop new methods to seize, transport, and completely retailer carbon. This would require monumental funding and innovation, together with an enormous quantity of computing energy and knowledge,” stated Brad Smith, president of Microsoft. “As an organization, Microsoft is worked up about and dedicated to supporting promising carbon seize approaches. Our aim isn’t solely to contribute our expertise and know-how, however discover how new options just like the Northern Lights venture may also help us meet our personal carbon damaging objectives by 2030.”
Equinor and Microsoft have agreed to:
• Explore a expertise collaboration to combine Microsoft’s digital experience into the Northern Lights venture.
• Microsoft will discover using Northern Lights’ CO2 transport and storage facility as a part of Microsoft’s portfolio of carbon seize, transportation, and storage tasks.
• Explore methods for Microsoft to put money into the efficient growth of Northern Lights.
• Explore and set up advocacy of insurance policies that assist speed up the contribution CCS could make to assembly Europe’s local weather objectives.
(Source and picture: Equinor)
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