Norway signs two partnership agreements to electrify the maritime industry

Innovation Norway and Team Norway have signed two agreements aimed at advancing sustainable maritime solutions. The first agreement – a letter of intent (LoI) – was signed by Lita Ocean, SeaTech Solutions International (SSI), Pascal Technologies and Evoy to develop a fully electric high-speed harbor craft specifically designed for Singapore’s maritime landscape. The second agreement – a memorandum of understanding (MoU) – was signed by Yinson GreenTech and Evoy, with the aim of fostering collaboration in marine electrification across Asia.

High-speed electric harbor craft

The LoI signed between Lita Ocean, SeaTech Solutions, Pascal Technologies and Evoy forms part of Singapore’s ongoing efforts to decarbonize its maritime industry. The project will develop a fully electric passenger harbor craft, integrating technologies like advanced electric propulsion and air lubrication systems to maximize energy efficiency and performance.

Marine electrification

The MoU between Yinson GreenTech and Evoy is intended to combine the companies’ strengths to drive marine electrification in the region. Yinson GreenTech’s electrification solutions, paired with Evoy’s electric propulsion systems, will reportedly support the conversion of internal combustion engine (ICE) vessels to electric power and foster the development of new electric vessels.

This partnership aims to advance the transition to a more sustainable maritime industry, with the shared goal of exploring new opportunities, collaborating on upcoming projects and playing a key role in the broader transition to greener shipping solutions in Asia.

The MoU was signed by Jan-Viggo Johansen, managing director of marinEV at Yinson GreenTech, and Mads Roland-Glimsholt, business development manager at Evoy.

Roland-Glimsholt commented, “As a proud partner in this Norway-Singapore initiative, Evoy is excited to bring our high-performance electric propulsion systems to Singapore’s maritime landscape. We are committed to setting new standards in sustainable harbor craft and working with our partners to support a greener future in maritime transportation.”

In related news, Energys and Anlegg og Marine Service (AMS) recently partnered at Electric & Hybrid Marine Expo in Amsterdam to propel zero-emission maritime solutions in Norway. Click here to read the full story.