The growing carbon emissions impose risks on oil and gas organizations and their sustainability. As a result, organizations have started implementing strategies to meet environmental, social, and governance (ESG) requirements globally. Businesses with a solid ESG strategy outperform the businesses that doesn’t, capturing more cost savings and being more sustainable, which in turn makes them more attractive in the eyes of customers and investors. “SPOC Grid Inverter Technologies provides power electronics solutions critical for implementing the latest technologies that support clients’ efforts to meet their ESG goals. These solutions can be applied in a wide range of markets, including Oil and Gas, Marine, Genset manufacturers, Critical Power, Department of Defense and more. In addition, the company guides clients in identifying solutions and technologies that support ESG strategies and provide a positive ROI. “We help clients adopt win-win solutions to benefit client’s business metrics, both from an investment and profitability standpoint, as well as environmental standpoint,” says Ben Gully, PhD, Chief Technologist, SPOC Grid Inverter Technologies.
SPOC Grid Inverter Technologies was formed as a part of SPOC Automation with a core team having long-standing expertise in marine power systems and batteries. Gully breaks down SPOC’s solutions into two parts: energy consumption (SPOC Automation) and power production (SPOC Grid). When it comes to energy consumption, the company has a long history and experience as a market leader with over 70,000 installed inverters, 3 Mn kilowatts of power generating over 400Mn dollars annual savings.“SPOC Grid is expanding these capabilities into the power production area/market, helping clients implement new technologies, such as variable speed gensets, batteries, renewables into their new or existing power plant. For instance, on site power generation in oil and gas applications typically use rented assets.
We help clients adopt win-win solutions to benefit client’s business metrics, both from an investment and profitability standpoint, as well as environmental standpoint
Since the assets are used temporarily and subject to availability, they cannot be optimized completely, a problem which is exacerbated once once the inevitable decline curve in production kicks in, resulting in less power consumption from the site. SPOC grid solutions enhances genset loading, drives lower energy (fuel) consumption, minimizes fault currents, reduces maintenance costs, all while enable any level of redundancy a c ient m ay w ant. “ We empower our clients in the total power system to get the greatest benefit by providing solutions that save energy, fuel costs, emissions, space, and money,” says Gully.
Gully also explains that while clients have different pain points, all of them are now looking at their emissions and finding strategies to become carbon neutral. “We are adding a layer of smartness to their application that does not hamper its normal functioning but rather enhances it in a way that is ESG compliant.”
Moving ahead, SPOC Grid plans to make applications smarter by acting as a catalyst for combining different technologies. This way, the company aims to support its clients in achieving their goals of having optimized systems, not just components. “At the end of the day, our goal is to provide solutions to help clients achieve their ESG goals,” says Gully.