New joint venture on compressed hydrogen development
Wärtsilä will collaborate with GEV to assess propulsion systems for GEV’s new 430-tonne C-H2 vessel (Source: Global Energy Ventures)
Technology group Wärtsilä and Australia’s Global Energy Ventures (GEV) are to work together on delivering compressed hydrogen as an energy source to regional markets, as well as a possible carbon-free fuel for ships.
The two companies have signed a Memorandum of Understanding (MoU) to advance GEV’s Approval in Principle application for a new 430-tonne compressed hydrogen (C-H2) vessel and potential use of hydrogen in Wärtsilä propulsion systems.
Speaking on behalf of GEV, chief executive Martin Carolan said: “We look forward to working closely with Wärtsilä on this project. We have shown that [compressed hydrogen] 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.”
Wärtsilä Marine Power sales director, Petteri Saares, said: “This project is an important stepping stone 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.”
