Green Ships ePSV to Feature Amogy’s Ammonia-to-power System
Green Ships Invest has signed a contract to purchase of Amogy’s carbon-free ammonia-to-electrical power systems for a fleet of new environmentally friendly platform supply vessels (PSV). Green Ships, which is designing/procuring so-called ePSVs (electrical PSVs), had signed a memorandum of understanding (MOU) with Amogy in October 2023.Under the newly signed contract, Green Ships Invest will design the ePSV to be equipped with 2 megawatts (MW) of clean energy capacity through the integration of ten of Amogy’s pioneering 200 kilowatt (kW) ammonia-to-electrical power systems.
Bourbon Horizon Inks MOU for Zero-emission PSVs Using Amogy's Ammonia Technology
Norwegian partners are planning to build a series of zero-emissions platform supply vessels (PSV) equipped with Amogy's ammonia-to-power technology.Green Ships AS, a consultancy specialized in the design and construction of environmentally friendly vessels, and Bourbon Horizon AS, an international offshore shipping company, have signed an MoU with Amogy for the supply of its technology to two PSVs. The deal includes an option for a third vessel.Bourbon Horizon, formerly Bourbon Offshore Norway, will be the commercial and technical manager of the new vessels.
Amogy to Test Maritime Ammonia-to-power Platform in Norway
Amogy Inc., developer of emissions-free ammonia power solutions, announced it has signed a letter of intent and a lease with Sustainable Energy Catapult Center to initiate testing operations for its 200kW ammonia-to-power platform at its recently-launched testing facility for new and sustainable energy solutions in Stord.Amogy announced the opening of its Stavanger, Norway headquarters and the appointment of Christian Berg as Managing Director of Amogy Norway in September 2022.
Hafslund Details Refinancing
Hafslund ASA has issued a new bond with a term to maturity of 10 years (2004/2014). The bond has fixed interest rate at 6.20 %, corresponding to a swap spread of 120 basis points. We are very pleased with this. The market for loans with long duration has been poor for corporates for a long time, said CFO Christian Berg. The loan will extend the maturity profile of Hafslund's loan portfolio and the proceeds will be used to refinance loans maturing in the beginning of 2004. The size of the first tranche is NOK 750 million, whereas maximum total amount issued is NOK 1,500 million. The arranger was Swedbank.
