- Singapore-based investment company Yinson Holdings has bought a stake in marine battery systems provider Sterling PlanB.
- As well as the investment, the two firms have signed a memorandum of understanding to form a joint venture.
- It is seek to expand Sterling PlanB’s sales across Southeast Asia and beyond, the companies said in an emailed statement this week.
A recent news article published in the Ship and Bunker states that Marine Battery Supplier Sterling Plan B Receives Singapore Investment.
Strong belief in Sterling PlanB
“We believe that Sterling PlanB is equipped with high standards in marine energy storage
system capabilities, including advanced technology and outstanding safety features,” Eirik
Barclay, executive vice president for new ventures and technology at Yinson, said in the
statement.
Pioneer in this space
“As a pioneer in this space, Sterling PlanB is uniquely positioned to take advantage of the
marine decarbonisation initiatives taking place globally.”
The two companies have already worked together on the development of an electric passenger vessel, the Hydroglyder.
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Source: Ship and Bunker
