Dutch provider of offshore floating facilities SBM Offshore and Norwegian energy solutions development company Ocean-Power have signed a partnership agreement to collaborate on a floating power generation hub with CO2 capture and storage.

With the signature of a memorandum of understanding (MoU), the partners aim to assess the technical feasibility and commercial readiness to collaborate on the offshore power generation concept, exclusive to the Norwegian Continental Shelf (NCS) and UK Continental Shelf (UKCS).