Equinor renews funding partnership with University of Bergen for research
What happened
Equinor renewed its financial partnership with the University of Bergen. The current agreement, "Akademia IV," signed in 2024, provides an 80 million NOK grant from Equinor to fund research and education. Equinor's funds are designated for four areas: offshore wind, Carbon Capture, Utilization, and Storage (CCUS), general subsoil knowledge, and AI.
From studvest.no
Why it matters
The partnership supports research into key energy technologies, including offshore wind and CCUS. However, the agreement has generated debate among critics regarding the ethics of accepting funding from a fossil fuel company.
From studvest.no
Who's involved
- EquinorProvides the 80 million NOK grant to fund research and education.
- University of BergenReceives the grant funding to support research in key technologies.
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The entities involved
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Equinor
Norwegian energy company; developer of Empire Wind 1 (810 MW) in NYISO — direct competitor to Avangrid offshore wind.
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University of Bergen
university in Norway
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