Subsea 7, FLASC secure funding for offshore energy storage technology

Feb. 24, 2022
‘PowerBundle’ concept receives over £450,000 grant.

Offshore staff 

WESTHILL, UK and DELFT, The Netherlands – Subsea 7 and technology partner FLASC B.V. say that they have been awarded a grant from the UK government Department for Business, Energy and Industrial Strategy for £471,760, to further develop an innovative offshore energy storage system.

Funding has been awarded as part of the Longer Duration Energy Storage Competition. The competition recognizes the transition to increasing wind generated renewable energy, which presents growing opportunities for storage systems that support a secure, flexible, and reliable electrical power supply.

The companies say that the PowerBundle concept will combine FLASC’s Hydro-Pneumatic Energy Storage technology and Subsea 7’s subsea pipeline bundle technology, resulting in a scalable and robust offshore energy storage solution.