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International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
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International Shipping |
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| Maersk invests in methanol fuel cell technology with 20-30% fuel savings |
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Date:2024-07-03 Readers:
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On 25 June, Danish technology company Blue World Technologies announced the successful testing of a 200 kW marine fuel cell system fuelled by green methanol.
The company's fuel cell system has an electrical efficiency of up to 55 per cent at the commercial stage, which is claimed to result in fuel savings of 20-30 per cent, thus enabling the cost-effective use of green fuels. In addition, the fuel cell system comes with up to 100 per cent carbon capture for green fuel production and storage.
200 kW Fuel Cell Module Rendering
Blue World Technologies has announced plans to install a 1 MW methanol fuel cell pilot system on a methanol-fuelled container vessel of AP Moller-Maersk in the first half of 2026.
Meanwhile, the order for the pilot system was confirmed after Maersk's venture capital arm, Maersk Growth, made a venture investment in the company.At the end of 2023, Maersk Growth participated in an €11 million Series C financing round together with the Danish Export and Investment Fund (EIFO), Cycle Group and other new and existing shareholders.
Blue World Technologies will initially provide auxiliary power systems and expects its ship systems to reach commercial levels by 2027.
ALEX SMOUT, Investment Director at Maersk Growth, said: "As an investor in Blue World Technologies, we are excited to follow the progress of the system development and share the team's excitement about the successful testing of the 200 kW fuel cell system. The maritime industry needs a variety of new technologies and ways to achieve its net zero targets, and high temperature PEM fuel cell technology is very promising in terms of finding a balance between high electrical efficiency, size and load regulation. This is a great example of how we support innovation through investment and collaboration."
https://www.cnss.com.cn/html/hygc/20240703/353976.html
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