Enova’s $84 Million Funding Boost For Zero-Emission Maritime Innovation

By
Mfame Editor
-
15

Enova, Norway’s governmental energy transition body, has announced an impressive $84 million support package to accelerate the development of zero-emission maritime vessels. This initiative solidifies Norway’s position as a global leader in sustainable maritime solutions.

Key Highlights of the Initiative

  1. Significant Investment in Green Technologies
    • Over NOK 940 million ($98 million) was allocated to hydrogen and ammonia ships.
    • Projects include seven ammonia carriers, two hydrogen carriers, five electric ships, and one maritime charging facility.
  2. Driving Innovation
    • Supports the creation of the first functional value chains for hydrogen and ammonia, critical to decarbonising maritime transport.
    • Reinforces Norway’s green shipping goals, ensuring job creation and global competitiveness for Norwegian businesses.
  3. Competitive Grant Process
    • 31 applications were reviewed, highlighting the strong interest and innovation potential within the sector.
    • Unsuccessful applicants are encouraged to refine their proposals and reapply in early 2025.

Key Beneficiaries

  • Ammonia Carriers:
    • Eidesvik Offshore ASA, DOF Group, Aurora Offshore AS, Grieg Maritime Group, Norbjørn AS.
  • Hydrogen Carriers:
    • Cruise Service AS.
  • Electric Ships and Facilities:
    • Salten Shipping AS, K. Sætre & Sønner AS, Nidarø AS, The Fjords DA, Nova Sea AS.
    • Plug | Shore Power & Maritime Charging for a maritime charging facility.

Strategic Vision

  • Hydrogen and Ammonia as Future Energy Carriers:
    • These energy sources are central to Norway’s green shift, ensuring a reduction in emissions while fostering economic growth.
  • Minister Tore O. Sandvik noted:
    • “Investing in green shipping is both right and necessary, creating jobs across Norway and positioning Norwegian businesses as global leaders.”

This funding effort is not just about innovation but represents Norway’s commitment to a sustainable maritime future, setting an example for the global shipping industry.

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Source: FCW