Shift Clean Energy’s PwrSwäp technology to be used on first all-electric vessel in one of world’s busiest ports, Canadian Business Journal

(Vancouver, Canada/Singapore), Sept. 28, 2022 (GLOBE NEWSWIRE) — Shift Clean Energy (Shift) today announced its commitment to the first all-electric battery swap vessel in the Port of Singapore. The news was shared today at a keel laying ceremony led by members of SeaTech Solutions International (SeaTech), Yinson GreenTech (YGT) and the Goal Zero consortium to announce the start of construction of the first all-electric cargo vessel in Singapore Port. did. – Hydromover.

The YGT-owned and SeaTech-designed all-electric Hydromover will be the first to use Shift’s PwrSwäp technology. It is the first pay-as-you-go energy subscription service that instantly delivers clean, renewable energy to your ships without risk or obligation. Shift’s industry-leading PwrSwäp technology streamlines the transition from diesel drive to hybrid or all-electric, changing the game for energy storage in the marine industry.

The Hydro Mover makes it the most economical and environmentally friendly option for cargo craft. Reduce fuel costs by approximately 77% and reduce greenhouse gas emissions (GHG) from the atmosphere by approximately 752 tons.

Shift CEO and Founder Brent Perrycommented: Decarbonizing the ocean industry has never been more important, and partnerships like these are essential to move the needle towards decarbonisation. PwrSwäp’s industry-leading safe and clean technology will revolutionize the operations of the Harborcraft sector at the Port of Singapore and beyond, helping the maritime industry meet 2050 IMO greenhouse gas emissions targets. play an important role. ”

Yinson Executive Vice President New Ventures and Technology, Eirik Barclay, “Goal Zero is made up of like-minded, synergistic partners who are committed to helping the marine industry transition to net zero. We have achieved a number of important milestones, culminating in today’s keel laying to mark the official start of construction. We look forward to launching the pilot vessel by the second quarter of 2023, earlier than the originally planned five-year schedule at Goal Zero. This will not only give the country a head start, but it will also significantly contribute to Singapore’s goal of halving its carbon emissions by operating all domestic port vessels on low-carbon energy solutions by 2030. By 2050, these from the ship.”

The Goal Zero Consortium has received one of three grants awarded by the Maritime and Port Authority and the Singapore Maritime Research Institute in August 2021 to research, develop a fully electric cargo vessel with replaceable battery infrastructure solutions. , developed and commercialized. Following an extensive research and design phase, the vessel will enter construction and is expected to be completed and launched in the second quarter of 2023 and ready for commercialization in 2024.

To date, around 100 vessels have expressed interest in PwrSwäp, with 12 locations expected to open by mid-2023.

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About Shift Clean Energy:
Shift Clean Energy provides energy storage solutions to decarbonize the shipping industry and other hard-to-reduce sectors. Shift enables customers to meet their climate and ESG goals with clean energy solutions based on state-of-the-art energy storage systems. Proven to be the safest and most reliable energy storage solution on the market today, we are the first commercial marine solutions company to offer a pay-as-you-go PwrSwäp subscription energy system. Customers can save money from day one through electrification that integrates his ESS and renewable energy for both commercial and marine applications. Shift has offices in the US, UK, the Netherlands and is building a new office in Singapore. Join us in our mission to zero emissions.

About Insung Green Technologies:
Yinson GreenTech (YGT) is a green technology solutions provider offering a clean, integrated and technology-enhanced ecosystem across the marine, mobility and energy segments.

YGT invests in new green technology ideas and sustainable solutions, and cooperates with like-minded partners in major geographical markets to develop integrated digital solutions and platforms that connect smart green technology assets and green infrastructure. and fully support customers’ transition to net. Zero future.

YGT is a wholly owned subsidiary and green technology arm of Yinson Holdings Berhad, a global energy infrastructure and technology company listed on the Bursa Malaysia Securities Main Market.

About the Goal Zero Consortium:
The ‘Goal Zero’ consortium brings together the diverse expertise of 13 companies and research institutes. SeaTech, the project lead, will serve as ship designer and system integrator, while Yinson Green Technologies will be responsible for overall program management and commercialization.

Other consortium members include Shift Clean Energy as battery technology partner, Rina Hong Kong Limited Singapore Branch as classification society, industry partners Batam Fast Ferry, Bernhard Schulte (Singapore) Holdings, DM Sea Logistics, Marina Offshore, Kenoil Marine Services, Lita Includes Ocean Pte Ltd. and the Jurong Port and research institutes Singapore Institute of Technology and the Offshore and Marine Technology Center of Singapore.

CBJ Newsmaker