Koil Energy Solutions, Inc. (formerly known as Deep Down, Inc), an international specialist in subsea energy equipment and services, announced the receipt of an order to provide hydrogen energy-related services.
The subsea technology solutions provider makes a paramount move into the energy transition, supporting a global developer of hydrogen infrastructure.
Charles Njuguna, President and CEO of Koil Energy Solutions, Inc, “This award, direct from a major energy producer, validates our strategy to shift focus from core products and services to core competencies, confirms the viability of our decision to rebrand the company, and supports our relocation to a facility geared towards compartmentalized production of a diverse suite of products.”
“This is a critical project for the company, as it allows us to showcase our ability to support the energy transition,” said Njuguna. “Being able to offer services for onshore applications further highlights the breadth of opportunities available to us.”
The project will initially focus on storing, managing, and enhancing customer furnished materials utilizing Koil’s alloy welding and other fabrication capabilities. Following validation of early-stage activities, future phases could lead to systems integration activities, potentially including the commissioning of systems being developed for the retail consumer market.