NEWS

Chevron is the first U.S. oil major to invest in offshore wind power after signing a deal with Norway’s Moreld to help develop the turbine technology of tech firm Ocergy, while European oil giants Shell, Equinor and Total have already waded deeply into offshore wind projects. 

“Offshore wind power is undergoing a period of rapid innovation in an effort to provide lower carbon energy at a substantial scale,” Barbara Burger, president of technology ventures at Chevron, said in a statement. “Ocergy has developed technology that could be part of the solution to enable more affordable, reliable, and ever-cleaner energy in a marine environment.”

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