Pay-As-You-Go Energy For Electric Cargo Vessels Premiere


A recent news article published in the Business Today states that Yinson And Shift Partner For First Pay-As-You Go Energy For Electric Cargo Ships.

First all-electric battery swapping vessel

Shift Clean Energy will be involved in the first all-electric battery swapping vessel in the Port of Singapore with the collaboration of SeaTech Solutions International, Yinson GreenTech and Goal Zero consortium members.

The announcement will also include the start of construction on the first all-electric cargo vessel in the Port of Singapore – the Hydromover.

The all-electric Hydromover, owned by YGT and designed by SeaTech, will be the first to use Shift’s PwrSwäp technology, the first pay-as-you-go energy subscription service that provides instant clean, renewable energy to ships without risk or obligations. Shift’s PwrSwäp technology streamlines the transition from diesel-powered to hybrid or fully electric, changing the game for energy storage in the marine industry.

Economical and environmentally-friendly option

The Hydromover will be the most economical and environmentally-friendly option for cargo vessel crafts. Reducing fuel costs by approximately 77% and saving approximately 752 tonnes of greenhouse gas emissions (GHG) from the atmosphere.

Brent Perry, CEO and founder of Shift, commented:”It’s never been more critical to decarbonize the marine industry and partnerships like these are integral to moving the needle on decarbonization. PwrSwäp’s industry-leading, safe and clean technology will play a vital role in revolutionizing the operations of the harbor craft sector in the Port of Singapore and beyond and helping the maritime industry meet IMO’s greenhouse gas emission targets for 2050.”

Yinson Executive Vice President New Ventures and Technology, Mr Eirik Barclay, said: “Goal Zero is made up of like-minded and synergistic partners who are fully committed to helping the marine industry transition to net zero. We are very pleased with our rapid progress and are looking forward to launching our pilot vessel by the second quarter of 2023, way in advance of the original 5-year schedule planned for the program.”

The Goal Zero consortium received one of the three grants awarded by Maritime Port Authority and the Singapore Maritime Institute in August 2021 to research, develop, deploy and commercialize a fully electric cargo vessel with swappable battery infrastructure solutions. Following the extensive research and design phase, the vessel will go into construction and is expected to be finalized and launched in the second quarter of 2023 and ready for commercialisation in 2024.


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Source: Business Today


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