OSLO, NORWAY: Aker Carbon Capture has signed a Memorandum of Understanding (MoU) with Microsoft to pursue joint innovation and discover alternatives to supply services within the Carbon Capture, Utilization and Storage (CCUS) market. Aker Carbon Capture and Microsoft will demonstrate the full worth chain of carbon discount and removal using Aker Carbon Capture’s proprietary CCUS technology and Microsoft’s digital capabilities to allow the ecosystem for the voluntary carbon market, offering traceability and data – ensuring high-quality carbon credits.
CCUS is a critical solution to obtain the large carbon reductions and removals wanted for the world to attain net zero emissions. New and innovative enterprise fashions that cowl each bodily and digital worth chains and allow companies to maneuver ahead fast, are required. This is why Aker Carbon Capture and Microsoft have agreed to discover methods of using the mixed strength of the 2 companies’ technology expertise.
Accelerating Deployment of Carbon Capture
Aker Carbon Capture’s purpose is to allow large-scale carbon discount and removal from industry across the world. With the introduction of Carbon Capture as a Service, the barriers for emitters to behave on their emissions are considerably lowered.
The firm is decided to scale its options whereas being aligned to the Paris Agreement. It goals to halve the carbon depth of its carbon seize options by 2030 and to be ‘net negative’ within the identical period.
“Collaboration is the important thing to success and a pre-requisite for reaching net zero. By fully using the digital capabilities and area experience of our two companies we can support industrial emitters to take motion and speed up the deployment of carbon capture,” said Valborg Lundegaard, Chief Executive Officer of Aker Carbon Capture.
“The science is clear; all of us want to reduce our emissions as a lot as possible and take away carbon from the atmosphere to ensure that the world to attain net zero. In Aker Carbon Capture we have a partner that helps this goal and together, we aim to allow the industrial sector to maneuver with tempo and scale towards a net zero future by leveraging the energy of technology,” says Darryl Willis, CVP of Energy Industry at Microsoft.
The settlement was signed by Aker Carbon Capture CEO, Valborg Lundegaard and CVP of Energy Industry at Microsoft, Darryl Willis. The events have a shared goal of accelerating the event of a functioning market for CCUS and believe that the mixed technical experience will allow to additional strengthen these efforts.
At the Forefront
Microsoft and Aker Carbon Capture have a historical past of profitable collaboration, together with an MoU with Danish energy firm Ørsted to discover alternatives to deploy carbon seize at a bio energy plant in Denmark.
www.akercarboncapture.com