British offshore energy company Verlume has signed a memorandum of understanding (MOU) with Swedish energy technology company SeaTwirl to collaborate on the electrification of offshore assets and decarbonization of the oil and gas industry. The partnership aims to identify opportunities in renewable energy and subsea energy storage, with the goal of leveraging its combined technologies to commercialize customized systems. Verlume’s subsea energy storage system is designed to be independent of renewable energy inputs.