Chevron is the first U.S. oil major to invest in offshore wind power after signing a deal with Norway’s Moreld to help
, while European oil giants Shell, Equinor and Total have already waded deeply into offshore wind projects.... [+]Chevron Technology Ventures , the venture capital arm of Chevron, and Moreld Ocean Wind, a unit of Norwegian industrial firm Moreld AS, agreed to invest in the floating offshore wind turbine technology of Oakland, Calif.-based tech firm Ocergy Inc.
Having secured this funding, Ocergy said it will seek to compete for “gigawatt-scale” commercial energy projects around the world.,” according to Anthony Logan, a senior analyst at energy research firm Wood Mackenzie.has reached out to Chevron for further details.
, 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."