MODEC, Inc. ("MODEC") has signed a Statement of Strategic Intent with Eld Energy AS ("Eld Energy") and Delta Electronics, Inc. ("Delta") on January 29, 2026, toward collaboration in the development of solid oxide fuel cell ("SOFC") power generation system, aiming to establish a new global standard for high efficiency power solutions in offshore and maritime applications, including FPSOs (Floating Production, Storage and Offloading systems).

The collaboration commences with an initial purchase order for Delta's SOFC stacks marking the first milestone. Delta's SOFC stack, based on a steel supported design, offers excellent mechanical durability and is highly reliable for offshore deployment. This purchased order advances the development of a 120 kW SOFC Module Prototype for application on an FPSO. Onshore testing of the prototype module, including the integrated power electric system is scheduled for 2027.

At the signing ceremony, representatives from each company shared their remarks underscoring the significance of the collaboration and its future direction.

Koichi Matsumiya, Chief Technical/Technology Officer (CTO) of MODEC Group, commented, "By advancing an innovative SOFC solution with Delta and Eld, we see a credible pathway to minimize GHG emissions and achieve two goals that often appear at odds: ensuring a stable supply of oil and gas indispensable to humanity while reducing environmental impact and contributing to planetary sustainability. This collaboration could be a true game changer, and I place great hope in it."

Dr. Charles Tsai, General Manager of Delta's Hydrogen Energy Business Division, stated, "Delta is dedicated to providing innovative, energy-efficient solutions. In recent years, we have actively invested in hydrogen energy development to empower industries in their transition toward a low-carbon future. This tripartite collaboration introduces a comprehensive hydrogen solution—from stacks and fuel cells to power management systems—onto FPSOs. By replacing conventional equipment with low-carbon alternatives, this project extends Delta’s hydrogen blueprint into offshore and maritime applications."

Hans Fredrik Lindøen-Kjellnes, CEO of Eld Energy, stated, "Eld Energy specializes in offshore and maritime energy solutions. This collaboration integrates Delta's Solid Oxide Stacks into our SOFC systems, offeringsuperior efficiency and stability. This project validates SOFC mass production and feasibility, accelerating offshore and maritime decarbonization."

Going forward, MODEC will continue to contribute to the society by supporting a stable energy supply and reducing CO₂ emissions on FPSOs, in response to growing energy demand and the imperative of a sustainable future.