Maritime Partners acquires provider of clear vitality technologies e1 Marine

Dwelling Hydrogen Maritime Partners acquires provider of clear vitality technologies e1 Marine

July 1, 2024,

Aida Čučuk

Maritime Partners, a provider of maritime financing solutions basically inquisitive about Jones Act vessels, has performed the acquisition of e1 Marine, a provider of clear vitality technologies, including methanol-to-hydrogen generation products, that are acknowledged to give an change, cleaner gasoline provide for marine vessels.

e1 Marine’s methanol-to-hydrogen generator M18. Archive; Credit ranking: e1 Marine

The expertise comes from Element 1 Corp., a developer of hydrogen generation systems supporting the gasoline cell commerce.

Bick Brooks, Co-Founder and CEO of Maritime Partners, commented: “This acquisition marks a necessary milestone in Maritime Partners’ dedication to environmental responsibility and innovation. The integration of e1 Marine’s lowering-edge methanol-to-hydrogen expertise with Maritime Partners’ extensive commerce expertise guarantees to revolutionize marine energy applications and pave the vogue for a greener future.”

Dave Edlund, Co-Founder and CEO of Element 1 Corp., famed: “As the licensor of compact, scalable, and vitality environment friendly methanol-to-hydrogen expertise to e1 Marine, Element 1 Corp looks forward to fully supporting Maritime Partners and e1 Marine in their effort to revolutionize marine propulsion.”

To yell, the utilization of the e1 Marine generation expertise by Maritime Partners is already underway. In Could possibly possibly also 2024, Maritime Partners signed a type foundation settlement (DBA) with the U.S. Fly Guard for its M/V Hydrogen One towboat, “a predominant-of-its-type” vessel to exhaust this expertise which converts saved methanol into hydrogen onboard the vessel.

Maritime Partners acknowledged the firm believes this expertise has the ability to “ deal decrease emissions and lengthen fueling effectivity while also providing a model for cleaner vitality exhaust.”

Dave Lee, Maritime Partners’ VP of Skills & Innovation, famed: “Maritime Partners is strongly committed to growing and the exhaust of sustainable, clear vitality solutions, as the total maritime commerce continues to scrutinize change gasoline alternatives that are cleaner, greener and more environment friendly. The acquisition of e1 Marine and the event of Hydrogen One are integral aspects of that ongoing dedication.”

To remind, in 2023, e1 Marine and hydrogen gasoline cell provider PowerCell Crew, in partnership with RIX Industries, conducted a string take a look at of their respective technologies for a 200 kW propulsion chain as piece of the validation of Maritime PartnersM/V Hydrogen One inland push boat.

In step with PowerCell, at the time, the take a look at outcomes proved the viability of the theorem that takes methanol gasoline and converts it to hydrogen onboard ships sooner than the exhaust of the hydrogen in a gasoline cell to generate energy cleanly and successfully.

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