MODEC, Inc. announced on January 27, 2026, the signing of an agreement with Eld Energy AS, a Norwegian fuel cell system company, to jointly develop an integrated 120 kW solid oxide fuel cell (SOFC) and CO2 capture system for FPSOs (Floating Production, Storage and Offloading systems). The CO2 capture system is patent pending.

Development Timeline and Testing Plans

The joint development agreement covers prototype design and manufacturing for a low carbon offshore power solution. Onshore operational testing is planned for 2027, with offshore demonstration targeted to commence in 2028.

MODEC and Eld Energy have been advancing the joint design and manufacturing of a pilot-scale 40 kW SOFC offshore power system since 2025. The system utilizes associated natural gas produced in FPSO production, building on the intrinsic advantages of SOFCs, higher efficiency, and lower emissions than conventional offshore power sources such as gas turbine generators (GTGs).

System Scaling and Technical Integration

The newly signed agreement scales the SOFC output from 40 kW to 120 kW, marking an important step toward phased deployment on FPSOs. The SOFC will integrate a CO2 capture and fuel recovery unit optimized for SOFC exhaust.

The development agreement aims to deliver a scalable multi-MW power system capable of meeting the full power demand of FPSOs with zero carbon intensity. A conceptual illustration shows an FPSO with a full-scale 100 MW SOFC installation with integrated carbon capture.

Signing Ceremony and Corporate Leadership

The signing ceremony took place at the Norwegian Embassy in Japan. Attendees included Kristin Iglum, Ambassador of Norway to Japan; Hans Fredrik Lindöen-Kjellnes, CEO of Eld Energy AS; Hirohiko Miyata, President and CEO of MODEC Group; and Koichi Matsumiya, Chief Technical/Technology Officer of MODEC Group.

These initiatives are expected to steadily enhance both the environmental performance and operational value of FPSOs. MODEC stated it will continue to contribute to society by supporting a stable energy supply and reducing CO2 emissions on FPSOs, in response to growing energy demand and the imperative of a sustainable future.

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