03 September 2018
United States-headquartered GlassPoint Solar, which provides solar energy solutions to the oil and gas industry, announced on Monday that it has partnered with state-owned Petroleum Development Oman
) to launch SolaRISE, a new technology centre to develop and test next generation solar technologies in the oilfield environment.
The new centre is coming up near Miraah in southern Oman, where GlassPoint is currently building one of the world's largest solar plants to generate steam for PDO's Enhanced Oil Recovery (EOR) operations, according to a company press statement. The first 100 MWt of Miraah began operating last year and an additional 200 MWt will come on stream by next year.
SolaRISE, which stands for Solar Research, Innovation and Sustainability in Energy, will focus on continuous cost reduction, including new concepts and designs to reduce material costs, ease oilfield integration and automate operations, the statement said.
It noted that these innovations could be integrated into later stages of Miraah construction and future GlassPoint projects with PDO and other partners worldwide.
The centre would also pilot and evaluate solar energy-based solutions for other industrial processes in Oman and around the world, it added.
PDO managing director Raoul Restucci said his company's successful partnership with GlassPoint has put Oman on the global solar energy map. "While oil and gas will continue to be fundamental to our energy mix, we are developing innovative renewable solutions to create new growth opportunities for the company as well as for the nation," he said.
GlassPoint established its regional headquarters in the Sultanate of Oman in early 2012. The company's shareholders include Royal Dutch Shell and State General Reserve Fund (SGRF), the largest sovereign wealth fund in Oman.
(Writing by Anoop Menon) (firstname.lastname@example.org)
© Thomson Reuters Projects News 2018