Green ship projects get $113.5 mn support

A total of fifteen green ship projects will receive NOK 1.2 billion (about $113.5 million) in support from Enova, a Norwegian government enterprise, in the latest round of the country’s investments in decarbonizing maritime transport.

This is “the largest-ever allocation” Enova has made to greenify domestic maritime transport.

The support was announced during an event at the DNV-led Green Shipping Programme in Høvik on June 19, 2024.

As informed, a total of nine hydrogen and six ammonia vessels have been supported in this round of applications. The companies are Höegh Autoliners and Amon Maritime (ammonia) and Halten Bulk, Napier, Møre Sjø and Maris Fiducia (hydrogen).

The purpose of the support program, which was launched in December 2023, is to establish the first functioning value chains for ammonia and hydrogen for maritime purposes. In order to succeed in this, the price of hydrogen and ammonia must also become competitive with fossil fuels. Enova’s support programs for production and infrastructure want to contribute to narrowing this price gap.

The Enova programs support projects that invest in new or converted hydrogen and ammonia vessels. 

The next deadline for applying for the hydrogen and ammonia vessels is September 27.

In related news, Norway recently strengthened maritime collaboration with Singapore, aiming at positioning Norwegian suppliers at the forefront of the Southeast Asian maritime market and supporting the transition to greener shipping practices. The two countries want to drive the adoption of alternative marine fuels, including hydrogen and ammonia.