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STAVANGER, Norway / Edinburgh, Scotland, 18 October 2022.

Moreld announced the signing of a Memorandum of Understanding (MOU) with Logan Energy Limited for the development and delivery of technical solutions and services for hydrogen applications.

The Parties will cooperate with the aim of delivering complete hydrogen energy solutions for the Norwegian and Scandinavian market, with an option to explore and extend the cooperation to other regions as agreed feasible. The cooperation includes all knowhow, technology and engineering required to deliver end-to-end hydrogen energy solutions.

Moreld and Logan will join forces to connect production sites directly to local renewable energy sources to fuel and decarbonize local industry. In addition, we will contribute to develop the hydrogen value chain by providing production technology, bunkering and refilling solutions and energy system engineering services.

Moreld will provide market intelligence in Norway and rest of Scandinavia as well as engineering, procurement and construction, and be responsible for necessary preparation and installation of the hydrogen systems.

Logan will use their extensive hydrogen knowhow and experience to deliver projects together with Moreld by defining technical solutions and building the technology.

Karsten Gudmundset, EVP Engineering & Ocean in Moreld says: “This MOU is strategically important for us and builds on our ambition of leveraging our strong engineering and technology base to continue growing our market share within new sustainable business segments.”

Bill Ireland, CEO Logan Energy says: “This is an exciting development in our desire to extend the reach of our expertise by collaborating with partners such as Moreld. It has the potential to create jobs and demonstrate the importance of hydrogen as part of the modern energy mix.

About Moreld

Moreld is an industrial group that offers comprehensive services to the offshore energy, renewable, marine, aquaculture, and onshore markets. The group has a global footprint with presence in 20 countries and over 3,000 employees. As the energy sector prepares for a transition towards a low-carbon future, Moreld aims to establish itself as a leader in providing end-to-end sustainable solutions.

About Logan Energy

Logan Energy is one of the leading suppliers of integrated hydrogen solutions, supplying systems to Europe and further afield. The company is headquartered in Edinburgh, Scotland.

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For further information, please contact Elin Steinsland, Head of Technology, Moreld Apply:

Elin Steinsland