NYK and PowerX enter strategic partnership for research in zero emission ships and ports
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by Admin
Japanese shipping firm NYK entered into a capital and business alliance agreement with Power X Inc. (Power X) on Friday (20 May), it said on 26 May.
The partnership will specifically focus on R&D projects that include marine ESS, power transfer vessel “Power Ark,” battery-powered vessels, ship electrification, and zero-emission ports, as well as sales and promotion for these projects.
Power X develops new businesses utilising large-capacity batteries and power-transmission technologies and is aiming to build and promote a power-transfer ship delivering electricity generated offshore to shore.
By concluding this capital and business alliance agreement, the two companies will further strengthen their strategic partnership while embodying the memorandum of understanding (MoU) agreed in January this year.
The two companies will combine their knowledge, expertise, and resources to jointly develop and test a power transfer vessel and marine energy storage systems (ESS), and to promote initiatives for accelerating the adoption of renewable energy.
Photo credit: Power X Inc.
Published: 31 May, 2022
