SeaTwirl announced on May 15th, that themselves and Kontiki Winds have signed a MoU (Memorandum of Understanding). The intention of the two companies will be to identify and discuss the upcoming opportunities to electrify offshore Oil and Gas assets and other offshore applications, with the use of SeaTwirl's floating wind turbines. SeaTwirl has, together with Kontiki Winds, entered a MoU (Memor Memorandum of Understanding) to explore new opportunities in the market, to implement offshore wind into new and existing Oil and Gas assets and micro grid applications such as the powering of fish farms, desalination plants and/or other small-scale applications that currently are based on fossil fuel electricity generation.