Image Credits: Pixabay | visual illustration purpose
2 minutes read

Norway Grants $114 Million to Six Shipping Companies for Building 15 Hydrogen and Ammonia-Powered Vessels

Norwegian Government Initiative Enova Allocates Record Funding to Shipping Industry for Hydrogen and Ammonia Vessels

Enova, a Norwegian government enterprise promoting green energy initiatives, has announced its largest-ever funding allocation in the shipping sector. This initiative aims to establish the first operational value chains for ammonia and hydrogen.

The substantial award of NOK1.2 billion ($112.3 million) has been distributed among six shipping companies. Höegh Autoliners and Amon Maritime are recipients for ammonia-powered vessels, while Maris Fiducia, Halten Bulk, Napier, and Møre Sjø have been selected for ships capable of running on hydrogen.

This funding supports a total of nine hydrogen vessels and six ammonia vessels, a project that commenced in December last year.

Bjelland Eriksen, Norwegian Minister of Climate and Environment, emphasized the necessity of climate-friendly solutions in shipping and praised the significant step forward represented by this record-breaking award.

Höegh Autoliners plans to convert four of its twelve 9,100 CEU Aurora class vessels to ammonia-powered vessels by 2027. Enova will cover 60% of the additional conversion costs.

Amon Maritime has received NOK180 million to establish Amon Gas, targeting the construction of ammonia-powered midsize gas carriers, with initial deliveries expected in 2028.

Maris Fiducia, backed by NOK300 million in funding, will develop and operate five 6,000 DWT hydrogen-powered bulk carriers. These vessels, designed by Ankerbeer with HAV Group and Norwegian Hydrogen as subcontractors, will be chartered with Schulte & Bruns.

Nils Nakstad, CEO of Enova, highlighted Norway’s leadership in pioneering carbon-free transportation and noted that the maritime industry is at a crucial turning point for accelerating the transition.

Enova’s “hydrogen and ammonia in vessels” programs continue to drive innovation, with the next application deadline set for September 27. Enova encourages stakeholders to collaborate and engage with funding and project advisors for upcoming project calls.

Nakstad emphasized the importance of competitive hydrogen and ammonia prices compared to fossil fuels, noting that support for these vessels also establishes demand for these alternative fuels. Enova’s efforts are part of a broader restructuring aimed at achieving significant progress in sustainability.

Legal Disclaimer:
Hydrogen Insight
GLOBAL FLOW CONTROL provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above. "

Latest News

  • Oil and Gas
    3 minutes read

    Egypt Targets Multibillion-Dollar Oil & Gas…

    15 Jul. 2024 | Global Flow Control
  • Oil and Gas
    1 minute read

    Kuwait Strikes Black Gold with Massive…

    15 Jul. 2024 | Global Flow Control
  • Oil and Gas
    0 minutes read

    Saipem Secures $500 Million in Offshore…

    15 Jul. 2024 | Global Flow Control
  • Water and Wastewater Management
    2 minutes read

    Edison and Webuild Partner on Pumped…

    15 Jul. 2024 | Global Flow Control