Member News: Proserv and Verlume Agree Collaboration on Efficient Subsea Power Delivery Solutions

November 28, 2024
Member News: Proserv and Verlume Agree Collaboration on Efficient Subsea Power Delivery Solutions

Aberdeen, UK – November 28, 2024: Proserv, a leading provider of cutting-edge control technologies to energy companies, has today announced the signing of a Memorandum of Understanding (MoU) with Verlume, a leader in intelligent energy management and subsea power solutions for the offshore energy sector. The MoU outlines an agreement to explore collaborative opportunities in the subsea power and renewable sectors, bringing innovative technologies to the rapidly evolving clean energy market.

Under the terms of the MoU, Proserv and Verlume will integrate Proserv’s subsea control and communications systems with Verlume’s energy management and battery technology to improve the efficiency of subsea power delivery.

This enhanced level of system integration will reduce energy consumption by as much as 50% and significantly improve operational flexibility, reliability and reduce costs. By utilising an integrated approach, a unique market offering will be created which aims to provide reliable power to remote, subsea assets.

Together, the companies will explore potential projects that leverage their combined expertise to secure new business, enhance efficiency, and support the global transition to sustainable energy.

Davis Larssen, CEO of Proserv, commented on the significance of the partnership:
“We are excited to work closely with Verlume as we continue to expand our capabilities in the renewables market and beyond. This collaboration aligns with our commitment to innovation and sustainability, and we believe that by joining forces, we can accelerate the development of pioneering technologies that will transform the wave power and wider renewable energy sectors. Our partnership is built on the foundations of trust and shared ambition, and we look forward to exploring the opportunities ahead.”

The MoU formalizes the commitment between Proserv and Verlume to work together, with the goal of delivering more efficient energy solutions to the market. The partnership will focus on integrating their respective technologies to create value-added opportunities that support both organizations’ growth within the energy transition.

Richard Knox, CEO of Verlume, highlighted the potential benefits to the energy industry:
“This MoU with Proserv opens a world of possibilities for both companies and the wider energy sector. By working together, we can harness the strengths of both our organizations to develop cleaner, smarter subsea power delivery solutions that contribute to the decarbonization of the energy industry. We are confident that this partnership will drive significant value not only for Proserv and Verlume, but for the industry as we pursue our common goal of delivering sustainable energy solutions.”

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AREG has played an important role in the growth of Scotland’s renewable energy sector, engaging the supply chain and developing the European Offshore Wind Deployment Centre. However, we are only at the very beginning of the transition that AREG was established to both lead and support so there are still opportunities for companies to get into the constantly evolving renewables supply chain. We look forward to continuing our work together as renewables builds on its place as Scotland’s main source of power, and as we seek to deliver real change in the crucial areas of heat and transport.

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Aberdeen & Grampian Chamber of Commerce has worked closely with AREG since its formation. The recent progress in the developments of offshore wind projects by Equinor and Vattenfall are as a result of the work of the group over many years. The north-east is known as the oil and gas capital of Europe. At the Chamber, we believe the region must evolve its position to being recognised as the energy capital. Whilst hydrocarbons will continue to be essential in driving our economy for years to come, the generation of renewable resources will play an increasingly important role in providing cost-effective power, innovative development and economic growth.

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Vattenfall has forged a strong working relationship with AREG through the development of the European Offshore Wind Deployment Centre. AREG has worked tirelessly on behalf of the North East and it can take enormous credit for the growth of sustainable energy in the region and the path it has cleared for the region to capture further investment.

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Aberdeen City and Shire is emerging as a key location for renewables by successfully transferring its world-class oil and gas expertise into the sector and AREG has done much to advance this through a broad range of initiatives. It has acted as a catalyst in driving further investment in the local economy by engaging with companies, Government, public bodies and existing projects and we have been pleased to support their efforts. Scottish Enterprise will continue to engage with AREG as we increase Scotland’s use of renewable energy.

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