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Eco Wave Power Global AB (“Eco Wave Power” or the “Company”), a global provider of onshore wave energy technology, is pleased to announce it has received the final Nationwide Permit (NWP) from the U.S. Army Corps of Engineers for its ground-breaking wave energy project at AltaSea’s premises at the Port of Los Angeles. This milestone marks a significant step forward in the development of Eco Wave Power’s pioneering wave energy project, which is set to become the first onshore wave energy installation in the United States. Eco Wave Power to install wave energy floaters The system will also include an energy conversion unit, comprised of two 20-foot shipping containers The permit, issued under NWP 52 for Water-Based Renewable Energy Generation Pilot Projects, authorises Eco Wave Power to install eight wave energy floaters on the piles of an existing concrete wharf structure on the east side of Municipal Pier One. The system will also include an energy conversion unit, comprised of two 20-foot shipping containers, which will be placed on the wharf deck and connected to the floaters. With the conversion unit already shipped and located on site, Eco Wave Power plans to complete installation by the end of Q1 2025. Agreement between Eco Wave Power and Shell In addition to securing the final permit, this achievement marks the completion of two key milestones under Eco Wave Power’s agreement with Shell International Exploration and Production Inc. (“Shell”), which is expected to boost the Company’s revenues in Q4, 2024 The agreement between the parties was announced in April 2024, according to which, Eco Wave Power and Shell will collaborate for the development of a wave energy pilot in the Port of Los Angeles. Now, with the permit in place, the parties will enter the execution phase of the project, as per the terms of the agreement. Eco Wave Power receives final Nationwide Permit (NWP) “We are thrilled to receive this final permit and move one step closer to bringing wave energy to the U.S.,” said Inna Braverman, Founder and Chief Executive Officer of Eco Wave Power, adding “This project represents not only a technological breakthrough but also a crucial step in advancing the global transition to renewable energy.” Inna Braverman continues, “We are deeply grateful for the support of AltaSea, the Port of Los Angeles, Shell MRE, and the U.S. Army Corps of Engineers as we work to make wave energy a key part of the sustainable energy landscape.” Advancing the commercialisation of wave energy The U.S. Department of Energy’s National Renewable Energy Laboratory estimates that wave energy has the potential to generate over 1,400 terawatt-hours per year - enough to power approximately 130 million homes. With this project, Eco Wave Power is advancing the commercialisation of wave energy as a reliable and clean source of renewable power, further strengthening its position as a leader in the industry.
Samskip is proud to announce its partnership in the ground-breaking HyEkoTank project, an initiative supported by the European Union’s Horizon Europe programme. As part of its ongoing efforts to reach net zero emissions by 2040, Samskip will retrofit its multi-purpose vessel - Samskip Kvitnos with cutting-edge hydrogen fuel cell technology developed by TECO 2030. This collaboration will enable Samskip to take another major step forward in decarbonising its fleet and reducing greenhouse gas emissions. Samskip Kvitnos The Samskip Kvitnos operates on a fixed route from Rotterdam, along the Norwegian west coast to Hammerfest, making it a vital part of Samskip’s commitment to sustainable logistics in one of Europe’s most environmentally sensitive regions. By retrofitting this vessel with zero-emission fuel cells, Samskip will ensure the Samskip Kvitnos stays ahead of upcoming regulations, including the FuelEU Maritime and EU Emissions Trading System (EU ETS), while also addressing the need for zero emissions in Norwegian world heritage fjords by 2030. Samskip decarbonisation initiatives Participation in the HyEkoTank project is the latest in a series of Samskip initiatives to reduce carbon emissions Participation in the HyEkoTank project is the latest in a series of Samskip initiatives to reduce carbon emissions across the maritime sector. From its pioneering Seashuttle project, which is building hydrogen-powered container ships, to its use of biofuels, shore power, and CO2 capture systems, Samskip is dedicated to leveraging advanced technologies and innovative partnerships to meet its ambitious decarbonisation targets. Sustainable solutions "We have spent years actively pursuing sustainable solutions across our fleet, and this retrofit of the Samskip Kvitnos aligns perfectly with our vision for the future of shipping," said Erik Hofmeester, Head of Vessel Management at Samskip. He adds, "Working alongside TECO 2030 and the HyEkoTank consortium, we are ensuring that the Kvitnos not only meets but stays ahead of the zero-emission targets set by the EU and Norwegian authorities, all while continuing to provide reliable service for our customers." Future-proofing the Samskip fleet The HyEkoTank project is the world’s largest ongoing fuel cell retrofit effort, demonstrating the potential of hydrogen technology in reducing emissions in the global maritime sector. For Samskip, retrofitting the Samskip Kvitnos is not just about compliance, it’s about future-proofing its fleet to meet tomorrow's energy needs, while delivering tangible environmental benefits today. Focus on environmental impact "Our collaboration with TECO 2030 is a key part of our journey to achieving net zero by 2040," said Erik Hofmeester, adding "By investing in retrofitting existing vessels like the Samskip Kvitnos, we are maximising the environmental impact of our operations, while ensuring long-term sustainability and competitiveness in a rapidly evolving industry." A joint commitment to green shipping Other renowned partners, including Shell, Umoe Advanced Composites, and the Arctic University of Norway further support Samskip’s inclusion in the HyEkoTank project. Together, the consortium will implement advanced technologies that enable zero-emission navigation in European coastal areas and the Norwegian fjords, safeguarding these regions for future generations. The Samskip Kvitnos retrofit is scheduled for completion in 2025 and is expected to significantly reduce emissions while maintaining operational efficiency on Samskip’s established routes.
The CO2 Efficient Transport via Ocean (CETO) joint industry project (JiP) concluded recently with the release of a report setting out the findings of the Technology Qualification performed in the study. The project partners, which included Equinor, Gassco, Shell, TotalEnergies, and DNV, have found that there are no technological showstoppers to a low-pressure CO2 ship transport chain. CETO was funded by the project partners and Gassonova through the CLIMIT-Demo programme. Carbon Capture and Storage (CCS) For Carbon Capture and Storage (CCS) to play a significant role in helping the world reduce emissions, transporting large amounts of CO2 will be vital. Pipelines will be an option, but where the capture source and storage sites are unable to be easily connected, ship transport will be crucial. To achieve the scale required for commercial viability, however, low-pressure ship solutions (approximately 7 bar at -49ºC) are regarded as an attractive alternative. CO2 ship transport value chain The project partners examined fundamental aspects of the CO2 ship transport value chain During the Technology Qualification process, the project partners examined fundamental aspects of the CO2 ship transport value chain. The production of liquid CO2, the characteristics and impurities in liquid CO2 that could affect transport, the plant concept, cargo handling, to the basic design of a 30,000 m3 Liquid CO2 carrier were all evaluated and assessed. Testing campaign CETO demonstrated that shipping CO2 at low-pressure conditions is feasible and that the technology is ready for first use. In terms of the vessel design, the activities show that a dedicated LCO2 carrier could be designed according to the relevant international rules and regulations, including the IMO IGC code and the DNV ship rules for global strength and stability. The testing campaign on a medium-scale pilot plant demonstrated that cargo handling operations in the range of 6 to 9 barg could be carried out without dry ice formation. Design accuracy and suitability There were aspects of the transport chain that would require particular attention during project development Finally, the accuracy and suitability of design process simulation tools were benchmarked with good agreement against experimental tests, and the benefits of dynamic process simulations on a full-scale design case were demonstrated. However, there were aspects of the transport chain that would require particular attention during project development, such as material selection for cargo tanks, fatigue, and sloshing loads. Low-pressure solution Erik Mathias Sørhaug, Business Development Director CO2 Shipping at DNV, said, “It has been an honour for DNV to lead this JIP initiated by the four CCS pioneers, TotalEnergies, Shell, Equinor, and Gassco." "The project has demonstrated that a low-pressure solution is technically feasible which again will enable low-cost transportation solutions for CCS projects.” Economic viability Lee Teng-Huar, General Manager of Maritime Operations, Asia Pacific and Middle East at Shell, said, “The conclusions from the CETO JIP signify a crucial milestone in advancing CCS technology." "The optimisation of low-pressure liquid CO2 transportation can help bolster the economic viability of CCS initiatives and fast-track the ongoing journey towards a more sustainable and lower-carbon future for the industry.” CO2 transport and injection capacity Ola Miljeteig, Vice President, of R&D CCS solutions at Equinor, said, “Equinor is excited that the technology risks around low-pressure CO2 ship transport are now reduced." "The low-pressure technology is relevant for reaching our increased ambitions of 30-50 million tons per year of CO2 transport and injection capacity by 2035.” Comprehensive, optimal, and flexible transport Svein-Erik Losnegård, Vice President of Research and Development at Gassco, said, “Gassco is pleased to contribute to the development of low-pressure CO2 ship transport technology and to see that the CETO project has succeeded in reducing the associated technology risks." "Maturity and readiness of different transport solutions will be of great value in the establishment of a comprehensive, optimal, and flexible transport system in the CCS value chain.” Carbon neutrality Marie-Noelle Semeria, TotalEnergies Chief Technology Officer, TotalEnergies, said, “Bridging Carbon capture with storage or usage requires a safe and efficient CO2 transport by ship as an alternative to pipe." "TotalEnergies is proud of the milestone demonstrated by the CETO Joint-Industry-Project covering the low-pressure CO2 transport chain evaluation and derisking assessment. This milestone paves the route of the company towards carbon neutrality together with the society.”