![Frode Jensen, VP of Product Line Management, National Oilwell Varco [NYSE: NOV] | Energy Business Review Frode Jensen, VP of Product Line Management, National Oilwell Varco [NYSE: NOV] | Energy Business Review](https://www.energybusinessrevieweurope.com/newstransfer/upload/450x308_a302.webp)
![Frode Jensen, VP of Product Line Management, National Oilwell Varco [NYSE: NOV] | Energy Business Review Frode Jensen, VP of Product Line Management, National Oilwell Varco [NYSE: NOV] | Energy Business Review](https://www.energybusinessrevieweurope.com/newstransfer/upload/450x308_a302.webp)
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Background
The offshore Oil & Gas industry is being challenged to reduce pollutant emissions. To achieve this, in the current market situation of low oil prices and very low newbuild activity, new and innovative concepts are needed to combine reaching environmental goals with improved economic viability. Reduction of system cost, as well as reduction of operational cost are essential to increase profitability under such economic climate or conditions. One of the largest potentials for offshore installations and vessels to reduce both operational costs and emissions is by reducing fuel consumption. National Oilwell Varco has developed a compact and reliable high efficiency hybrid energy storage system that will enable significant fuel saving on floating drilling vessels where space is limited. Challenge Offshore installations far out at sea do not have the benefit of being supported by onshore power grids. They rely on local power generation by means of a set of large diesel-powered generators. For drilling vessels (floating installations in particular), strict requirements are set for the power supply system. The equipment they need to power is operated under challenging and constantly changing (weather) conditions and require large amounts of energy in order to perform their main task. Compensation of wave motions, sea currents, and wind, as well as hoisting and lowering extremely high loads are causing peak demands in the power supply. These peak power demands on top of the normal power requirement on board for utilities are causing a high fluctuation in the diesel engines powering the generators, resulting in low engine efficiency. Solution National Oilwell Varco AS (NOV) is battling this inefficiency by introducing a kinetic energy recovery system together with a battery bank designed for assisting heavy electrical machinery. The system, named Power Blade Hybrid (PBH), will level out the power fluctuations seen by the generator engines and will be able to store excess energy and utilize this energy when needed. "In the current market situation of low oil prices and very low new build activity, new and innovative concepts are needed to combine achievement of environmental goals with improved economic viability" The solution will optimize and improve generator supply performance, with fewer diesel engines needed online. Each engine-generator can be heavier loaded and will also offset the need to start new engines. It will lead to reduced engine running hours, while the running hours are more efficient. Machinery with great fluctuating power demands cause extreme loads on the power generating equipment, will experience the greatest benefits from this system. The project to develop and test a full-scale prototype is in full motion. NOV has partnered up with Odfjell Drilling and the project received financial funding from the Research Council of Norway through their DEMO 2000 program.
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