Earth Wind & Power (EWP) has announced that it has signed a Letter of Intent for a strategic alliance with Rapid Oil Production Ltd (RPO), a UK based oil production company.
Leveraging the complementary strengths of both firms, as well as their commitment to delivering sustainable, cost effective and energy efficient ESG solutions, the partnership intends to carry out a joint feasibility study for the potential deployment of modular data centre infrastructure at RPO’s Fyne field project in the UK North Sea sector. RPO owns 100 per cent of the Fyne licence, which contains an estimated 24 million barrels of recoverable oil. The parties aim to finalise the feasibility study after three months.
The collaboration will benefit from EWP’s expertise in turning excess energy from wind, solar, geothermal, and oil and gas into power for modular HPC data centres as well as RPO’s innovative technical, operational, and environmentally focused approach to production. EWP’s solution offers energy companies within the wind, solar, geothermal and fossil fuel markets a powerful and unique ESG solution for utilising their excess energy while creating new commercial value and enhancing ESG standards.
“The Off-shore North Sea is a key market for us given the scale of the opportunity to support the reduction of excess energy, the continuing growth in demand for data centres, and the adaptability of our solution,” Ingvil Smines Tybring-Gjedde, CEO and co-founder of Earth Wind & Power, said. “We look forward to working with RPO and other innovative companies which share our goal of further reducing emissions as we transition to a net-zero world,”
“We are happy to announce this cooperation today with a company that shares our goals of reducing emissions and contributing to more environmentally sustainable operations,” Geir Aune, chairman of Rapid Oil Productions, said. “While hydrocarbons will continue to play an important role in the energy mix for decades to come, producers have an obligation to responsibly manage and reduce the environmental impact of their activities.”