Equinor and Microsoft Sign MoU
Equinor has signed a Memorandum of Understanding (MoU) with Microsoft to explore ways to support the Northern Lights carbon capture and storage (CCS) project as a technology partner. Microsoft will explore using the project to enable the transportation and storage of captured CO2 . Equinor is developing the project together with Shell and Total as equal partners.
“Carbon capture and storage is a proven technology and has the potential to play a key role in decarbonizing energy and industries across sectors to meet international climate targets,” said Equinor Executive Vice President Irene Rummelhoff. “We look forward to working together with Microsoft and the Northern Lights partners to develop digital technologies for Northern Lights. We are also happy to partner with Microsoft to explore opportunities for the Northern Light project to remove carbon from Microsoft’s operations.”
“One of the world’s imperatives is the need to develop new ways to capture, transport, and permanently store carbon. This will require enormous investment and innovation, including a huge amount of computing power and data,” said Brad Smith, president of Microsoft. “As a company, Microsoft is excited about and committed to supporting promising carbon capture approaches. Our goal is not only to contribute our technology and know-how, but explore how new solutions like the Northern Lights project can help us meet our own carbon negative goals by 2030.”
Equinor and Microsoft have agreed to:
- Explore a technology collaboration to integrate Microsoft’s digital expertise into the Northern Lights project.
- Microsoft will explore the use of Northern Lights’ CO2 transport and storage facility as part of Microsoft’s portfolio of carbon capture, transportation, and storage projects.
- Explore ways for Microsoft to invest in the effective development of Northern Lights.
- Explore and establish advocacy of policies that help accelerate the contribution CCS can make to meeting Europe’s climate goals.
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Submitted by: Press release