Innovative Technology for Low-Carbon Maritime Energy

In today’s world, innovative technology plays a pivotal role in addressing the global challenge of reducing carbon emissions. The global push for hydrogen energy drives nations to develop renewable energy sources and hydrogen infrastructure, transforming their economies. The Lloyd’s Register (LR) Maritime Decarbonisation Hub’s October 2023 update of the Zero Carbon Fuel Monitor provides crucial insights into alternative fuels’ technology progress and investment landscape for maritime decarbonisation.

Technology Progress Across Fuel Supply Chains

The Zero Carbon Fuel Monitor highlights remarkable technological strides across various fuel supply chains, notably in the case of ammonia and green hydrogen. In 2023, we saw significant milestones achieved for ammonia. LR approved WinGD’s ammonia engine, while MAN Energy Solutions’ test engine showcased its viability, marking a significant milestone. Green hydrogen production is also on the rise, marked by the granting a bunkering license in the Netherlands.

The readiness levels for key fuels and their supply chains have increased, thanks to government strategies promoting decarbonisation, which have driven land-side infrastructure expansion. Countries like the UK, China, and India actively invest in renewable energy and hydrogen infrastructure. Therefore providing a strong foundation for technology supplies and low-carbon technology advancements in the maritime sector.

Challenges in Methane and Methanol

While many alternative fuels are advancing, methane faces challenges related to technology readiness due to concerns over methane slip emissions. The MAMII initiative, led by Safetytech Accelerator, actively seeks solutions to manage methane slip emissions in maritime innovation. The best practices identified will be shared with the industry to overcome this hurdle. Additionally, uncertainties around the scale-up of sustainably sourced carbon have impacted the community readiness levels of methane and methanol production.

In conclusion, Innovative technology is revolutionising the maritime industry’s journey towards sustainability. Global support for low-carbon tech and green energy, fueled by investments and government backing, propels advancements in ammonia and hydrogen. The industry must address challenges such as methane slip and sustainable biofuel feedstock availability as we move forward. The maritime sector can establish a profitable path for emissions-free shipping by expanding sustainable resources and understanding demand profiles.