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NYK Trading Corporation and Sterling PlanB enter exclusive supply agreement for Energy Storage Systems in Japan

18 May 2021

NYK Trading Corporation and lithium-ion energy storage design and manufacturer Sterling PlanB on Monday (17 May) entered into an exclusive agreement for the sales and distribution of Energy Storage Systems in Japan.

The Japanese company is already an established supplier of marine fuels and lubricants oil, and mechanical instrumentation business globally, and strong links with Japanese shipowners, shipyards and technology integrators.

It aims to bring ESS propulsion to small vessels such as tugboats, short distance ferries and merchant vessels in the domestic Japanese maritime market, according to Sterling PlanB.

By using its business network as an established trading house in Japan, the company will establish a strong sales foundation for ESS and fuel cell suppliers and the battery propulsion market as a whole, as the maritime ESS market in Japan remains relatively immature.

“Sterling PlanB has demonstrated that they are an innovative company that has made safety its top priority. We recognise the urgent need for shipping to reduce its carbon emissions, and as such, look forward to providing our customers with a world leading ESS solution,” said Keiji Tsuchiya, Representative Director, CEO from NYK Trading.

The development reflects the growing awareness that energy storage technology will be an essential component of the evolution of zero-carbon shipping, both in Japan and globally.

“With many major commercial shipping lines and shipyards based in Japan, we are honored and proud to be joining forces with NYK Trading Corporation to bring our ESS solutions to this market,” notes Brent Perry, CEO of Sterling PlanB.

“With their scale and expertise, we look forward to working together to ensure that ESS and battery power is a major part of Japan’s clean shipping future.”

 

Photo credit: Sterling PlanB
Published: 18 May, 2021

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