Statoil Bets on Floating Wind and Carbon Capture

The Energy Gang

Wood Mackenzie

Alternative Energy, Tech News, 958784, Environment, Technology, Renewable Energy, Energy, Business, Sustainability, Wind Energy, Climate Change, Cleantech, News, Solar Energy, Innovation, News Commentary

4.6 • 1.3K Ratings

🗓️ 13 April 2018

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Statoil is the largest operator of oil and gas rigs around the world. Consequently, the company's biggest low-carbon investments are offshore: floating wind farms and distributed carbon capture and storage.

This week, we're talking to Stephen Bull, the VP in charge of Statoil's low-carbon business, about where he sees the most potential. We'll talk to him about the performance of floating wind, the economics of CCS, and whether oil companies are investing enough in their new energy divisions.

We'll spend the second half of the show talking about two days of debate in Washington over the future of technology. No, it wasn't Mark Zuckerberg's hearing on Capitol Hill. It was a conference at FERC, where regulators are trying to figure out how to integrate distributed resources into wholesale markets. What did they accomplish? What does it portend for the future of distributed energy?

The Energy Gang is brought to you by Sense. Sense installs in your home's electrical panel and provides insight into your energy use and home activity through iOS, Android and web apps. Find out more.

Transcript

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0:00.0	The same team that brought you speech recognition technology brings you sense.
0:05.0	It's a little orange box that connects to your electric panel and samples power over a million times per second.
0:10.0	Sense lets you know what devices are on in your home and how much energy they're using so you can save money and see what's happening all from your smartphone.
0:18.0	To find out more, visit sense.com slash energy gang.
0:22.0	That's S-E-N-S-E-S-E-S-E. dot com slash energy gang that's se sense
0:24.8	dot com slash energy gang from green tech media this is the Gang, a weekly digest on energy, clean tech, and the environment.
0:36.0	I'm Stephen Lacy, welcome. Distributed carbon capture and storage, floating offshore wind, gas to hydrogen.
0:48.8	This is where Stat Oil, the world's largest operator of offshore oil and gas rigs sees the future of energy.
0:54.7	This week we've got Statoils Executive in charge of those low-carbon bets here with us to talk about why.
1:00.1	Then we're going to talk about the last two riveting days of Mark Zuckerberg's testimony on Capitol Hill.
1:05.0	Nah, I'm just kidding. We're going to talk about FERC.
1:08.0	While members of Congress were trying to figure out whether they should regulate Facebook,
1:11.0	energy experts were a few blocks away trying to figure
1:14.1	out how to regulate bundled distributed energy and wholesale markets. No, not quite as headline
1:18.8	grabbing, but really, really important to how batteries, solar, real-time efficiency and micro grids are going to play in regional markets.
1:26.5	Catherine was at the FERC event for two days this week and since she wasn't posting about it on Facebook
1:31.3	we're just going to have to get it straight from her.
1:33.2	Catherine is the chair of 38 North Solutions.
1:35.8	How is your week?
1:37.2	Great, you know, it's my favorite thing.
1:39.2	My favorite thing in the world
1:40.2	is sitting in a FERC technical conference. J Jigger Shaw is the president of Generate Capital based just outside of DC.
	...

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