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Study finds future-fuel demand for shipping industry equal to entire current global production of renewables

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Particular opportunity for the Global South identified as net-zero fuel production costs expected to be up to 20% lower in Latin America and Africa. London, UK. Yet by 2050, at least half of (net) zero fuels traded globally are expected to be moved by ships, according to the International Renewable Energy Agency (IRENA).

Renewable 210
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Transit Systems adding two Australia-built hydrogen buses to Victoria’s Zero-Emission Bus Trial

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Transit Systems VIC, part of Kelsian Group, Australia’s largest integrated marine, tourism and transport company, is adding two Australian-built hydrogen fuel cell buses to the fleet as part of the Victorian Government’s three-year Zero Emissions Bus Trial.

Australia 259
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International Maritime Organization (IMO) adopts revised strategy to reduce GHG emissions from international shipping.

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Member States of the International Maritime Organization (IMO), meeting at the Marine Environment Protection Committee (MEPC 80) earlier this month, adopted the 2023 IMO Strategy on Reduction of GHG Emissions from Ships. The Marine Environment Protection Committee (MEPC) addresses environmental issues under IMO’s remit.

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Shipping sector proposes US$5 billion R&D program over 10 years to cut emissions

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The global maritime transport industry has submitted a proposal to the UN IMO to form the world’s first collaborative shipping R&D program to help eliminate CO 2 emissions from international shipping. The proposal includes core funding from shipping companies across the world of about US$5 billion over a 10-year period.

Emissions 195
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American Battery Solutions emerges from stealth-mode with acquisition of high-voltage assets from Bosch

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ABS is backed by a $50-million committed investment from KCK Group, a principal investment firm with global offices in London, New York, Bay Area and Dubai. In addition, ABS will acquire the 172,000 sq. The venture will partner with leading cell suppliers to offer a variety of chemistries and cell form factors.

Batteries 207
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ICCT: IMO committee agrees to establish first climate framework for international shipping

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The International Council on Clean Transportation (ICCT) reports that the Marine Environment Protection Committee of the International Maritime Organization (IMO) has adopted a resolution codifying an initial greenhouse gas (GHG) strategy for international shipping. The strategy implies that international shipping would consume between 3.8%

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PowerCell signs development contract for 3.2 MW maritime fuel cell system with Havyard Group

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The system solution that PowerCell and Havyard jointly will design, will be based on several marinized 200 kW fuel cell system modules connected in parallel with a total power of 3.2

Fuel 249