Siemens BlueVault energy storage solutions and the Subsea Power Grid were recognized at the 50th annual Offshore Technology Conference (OTC). Siemens is one of three companies to receive two Spotlight on New Technology (SONT) awards this year.

The Spotlight on New Technology Awards is a program for OTC exhibitors that showcase the latest advanced technologies within the oil and gas industry.

BlueVault energy storage is a lithium-ion battery-based energy storage solution made for both all-electric and hybrid power applications. It’s designed to help ensure power continuity and minimize emissions on vessels and offshore drilling rigs as well as for offshore production topsides to improve performance, redundancy principles and gas turbine power plant performance. The solution  features an advanced condition-monitoring system that monitors the voltage and temperature of individual battery cells to provide state-of-health and state-of-charge transparency of the energy storage solution.

The Subsea Power Grid is designed to power subsea production equipment cost-effectively and with minimum risk. This technology transforms field developments by moving power distribution equipment like transformers, switchgear and variable speed drives (VSD) subsea, thereby reducing cost and making previously uneconomically recoverable oil and gas resources recoverable.