Advent Technologies Partners with Alfa Laval to Explore Fuel Cell Uses
U.S. based fuel cell and hydrogen technology company Advent Technologies Holdings, Inc. announced it will collaborate with Alfa Laval, a global provider of heat transfer, separation, and fluid handling products, on a project to explore applications of Advent’s methanol-powered high-temperature proton exchange membrane (HT-PEM) fuel cells in the marine industry.Funded by the Danish Energy Technology Development and Demonstration Program (EUDP), the project is a joint effort between Advent, Alfa Laval and a group of Danish shipowners.
Inmarsat's Most Powerful Satellite Enters Service
Mobile satellite communications company Inmarsat confirmed commercial service introduction (CSI) of its newest, most powerful geostationary satellite to date. GX5 is the 14th satellite currently in service with Inmarsat and provides additional capacity to Europe and the Middle East on the Fleet Xpress (GX) Ka-band high-speed satellite broadband service designed for the maritime industry.The satellite, launched in November 2019, delivers approximately double the combined capacity of the entire existing GX fleet (GX1-GX4).
NileDutch selects ClearMetal predictive platform
Ocean Carrier Nile Dutch will use ClearMetal's machine-learning approach to fleet and container utilization improvement. ClearMetal is a predictive logistics company that uses AI and machine learning to unlock new efficiencies for global trade. "Managing fleet and container utilization against a backdrop of fluctuating demand in today's highly complex market can be challenging," said Mark Kraaijenbrink, Director Information and Communications Technology for Nile Dutch. "We are always seeking innovative solutions to gain a competitive edge and ClearMetal's machine learning technology for predictive logistics appears to provide a significant advantage over any other industry methods and tools we've seen," Mark added.
LR Grants AIP for S-CO2 Power Generation System
The world’s largest shipbuilder Hyundai Heavy Industries (HHI) and a utility firm Korea Electric Power Corporation (KEPCO) have received an Approval in Principle (AIP) from Lloyd’s Register for a 2MW Supercritical CO2 (S-CO2) Power Generation System recovering waste heat of a diesel/gas engine. S-CO2 is a fluid state of carbon dioxide where it is held above its critical pressure and critical temperature which causes the supercritical state to go beyond liquid or gas into a phase where it acts as both. The S-CO2 system runs generators by utilizing the CO2 as a working fluid for power generation. Since S-CO2 is denser than the working fluids in gas turbines and steam turbines…
SENER Group Reports Continued Growth
Turnover increased by 8 percent to reach 1.315 billion Euros, with net profit rising by 66 percent to reach 57.8 million Euros. The engineering and technology group SENER ended 2014 with a turnover of 1,315.7 billion Euros; an increase of 8.02 percent over the previous year. The group’s operating result came to 73.3 million Euros, representing an increase of 54.7 percent compared to 2013, and the holding company’s profit reached 57.8 million Euros (an increase of 66.1 percent). The number of people working at SENER has remained almost constant at 5,541 (a decrease of 0.52 percent).
Corvus Energy, GMC Close Financing Agreement
Corvus Energy today announced that it has completed a strategic investment by Green Marine Capital (GMC) previously announced on May 5, 2014. Green Marine Capital, an investment partnership of global maritime companies that draws on the maritime heritage of the BW Group and DNV GL to assist Corvus deliver its growth strategy. “We are very pleased to complete this process and continue to drive both the commercial success and the innovation of our solutions not only for the maritime industry, but also in a number of adjacent sectors where our value proposition and competitive advantage is well established,” commented Andrew Morden, Interim CEO of Corvus.
