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Other Disclosures6269MODEC,INC.Machinery

Eld Energy Obtains Approval in Principle (AiP) from DNV for Offshore SOFC Power Generation Unit

Eld Energy has obtained Approval in Principle (AiP) from DNV for the “Eld Power Module 120kW” SOFC power generation unit for FPSOs. Going forward, it will pursue the remaining technical certifications, system scale-up and integration for offshore operation.

Worth reading
63In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
120
kW-class
Wording
Conditional
How definitive the wording is.

Announced details

Eld Power Module 120kWSOFC power generation unit
Applicable field (uses covered by this announcement)

Power generation on floating production, storage and offloading (FPSO) facilities, offshore energy production

What the company reported numerically
Quantitative Effects

The overall system power generation efficiency is expected to reach approximately 70% at maximum

Relationship between the counterparty and the company
MODEC,INC.6269
Relationship with the Company

Our company and Eld Energy AS are jointly developing an SOFC power generation unit. DNV is an independent third-party organisation that grants Approval in Principle (AiP).

CounterpartyEld Energy ASDNV

The location, representative, capital and year of establishment of Eld Energy AS are Not disclosed. DNV is a Norwegian classification society.

Award/certification name

Approval in Principle (AiP)

Awarding / certifying body

DNV

In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.

Announced details
ItemDetails
Names of Products / Services CoveredEld Power Module 120kW, SOFC power generation unit
CounterpartyEld Energy AS, DNV
Counterparty overviewThe location, representative, capital and year of establishment of Eld Energy AS are Not disclosed. DNV is a Norwegian classification society.
Relationship with the CompanyOur company and Eld Energy AS are jointly developing an SOFC power generation unit. DNV is an independent third-party organisation that grants Approval in Principle (AiP).
Applicable areaPower generation on floating production, storage and offloading (FPSO) facilities, offshore energy production
Award/certification nameApproval in Principle (AiP)
Awarding / certifying bodyDNV
Quantitative EffectsThe overall system power generation efficiency is expected to reach approximately 70% at maximum
Items this document does not state (10)
Contract ValueOffering priceContract DateLaunch dateRegistration number and expiry dateLocationLocation scaleUsage historyImpact on Business PerformanceSource

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To demonstrate the technical feasibility of the SOFC power generation concept for installation on FPSOs and clarify the requirements and other items needed to obtain further certifications and move the project into full-scale implementation.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Eld Energy Obtains Approval in Principle (AiP) from DNV for Offshore SOFC Power Generation Unit | MODEC,INC. (6269) timely disclosure | Komori