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NYK and Power X in MOU to develop and test power transfer, electric prototype vessels

08 Feb 2022

Japanese shipping firm Nippon Yusen Kaisha (NYK) and maritime technology company Power X in late January entered into a memorandum of understanding (MOU) for the development and testing of Power X’s marine ESS, Power Transfer Vessels “Power ARK,” as well as electric vessels.

The strategic partnership will centre on the following areas of collaboration:

  • Development of the marine ESS and management system for Power Transfer Vessels “Power ARK”;
  • Field testing of the prototype ship;
  • Other initiatives to realise the Power ARK and electric vessel project.

By leveraging Power X’s strength in innovation and NYK’s expertise in shipping, the two companies aim to create a renewable energy breakthrough in the offshore/onshore power industry and the shipping industry.

Through this alliance, both companies will work together to promote zero-emission vessels and accelerate the adoption of offshore wind power.

“We are pleased to announce our strategic alliance with NYK, one of Japan’s leading shipping companies,” said Power X CEO & Representative Director Masahiro Ito.

“Through this partnership with NYK, PowerX will continue our efforts to develop marine ESS and electric vessels in the hope of contributing to carbon neutrality.”

NYK Senior Managing Executive Officer Tomoyuki Koyama added, “marine batteries are the key to solving the obstacles facing renewable energy adoption and expansion.”

“By bringing much-needed innovation to zero-emission vessels and offshore wind energy, PowerX takes a big leap beyond conventional battery storage. Through this partnership, NYK will strive to resolve the many challenges to the shipping industry, such as the shift to zero-emission vessels and automation, as well as the promotion and the adoption of renewable energy.”


Photo credit: Power X
Published: 8 February, 2022

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