Wärtsilä and Global Energy Ventures to cooperate on propulsion solutions for hydrogen vessel.
The technology group Wärtsilä has signed a Memorandum of Understanding (MOU) with Global Energy Ventures (GEV) of Australia, a company specialised in delivering compressed shipping solutions for transporting energy to regional markets.
The two companies will cooperate on the inclusion of Wärtsilä propulsion systems in GEV’s compressed hydrogen (C-H2) ships. The MOU was signed in Sydney, Australia.
The cooperation aims at advancing GEV’s Approval in Principle (AiP) application for its new 430-ton C-H2 vessel. It is also intended to demonstrate the availability of a highly efficient, low-emissions propulsion system for the vessel.
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Martin Carolan, CEO, GEV.
We look forward to working closely with Wärtsilä on this project.
“We have shown that C-H2 shipping is ideally suited for exporting green hydrogen with a lower delivered cost and having a technology leader such as Wärtsilä with us, we can deliver a shipping solution that is completely sustainable.”
Petteri Saares, Sales Director, Wärtsilä Marine Power.
This project is an important steppingstone along the journey towards a decarbonised maritime industry, something that Wärtsilä is fully committed to supporting.
“We are actively developing propulsion alternatives that can utilise future carbon-neutral fuels, raise efficiency levels, and which significantly improve environmental performance. This agreement with GEV is fully in line with our own ambitions.”
Compression delivers a proven, simple, and efficient method for transporting green hydrogen. It is a preferred solution for marine hydrogen transport but is often overlooked due to its lower volumetric energy density.
The parties to the agreement believe that the C-H2 project will eliminate the technical barriers and deliver a solution which is superior to other transport alternatives.
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Wärtsilä and Global Energy Ventures to cooperate on propulsion solutions for hydrogen vessel, June 24, 2021
