World News
Power Firms Move Together on Marine Fuel Cell Proposal
A Dutch fuel cell manufacturer and US power firm GE Power Conversion are to extend their working partnership on the latter's electric ship system that aims to replace diesel engines with fuel cells and oil-derived bunker fuel with hydrogen.
To date Nedstack and GE have developed a 2 MW hydrodgen fuel cell power plant on an expedition cruise vessel with positive results, according to a statement on Nedstack's website.
"Nedstack's technology is deployed in commercial shipping and our new factory will be able deliver hundreds of MW per year to the maritime industry," the company's chief commercial officer, Jogchum Bruinsma, said.
Hydrogen and Proton Exchange Membrane fuel cells are electrochemical reactors in which fuel and an oxidant react to generate electrical power. The reaction produces no emissions other than water while the fuel cells can be scaled to multi-megawatt power ratings.
"Clean maritime technologies are high on the maritime industry's agenda, and a differentiator for our customers' vessels to remain competitive," Loïc Thiébaut, head of sales at GE Power Conversion, said.
GE is an established power company listed on the New York stock exchange.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 645.00 | 2.00 | 767.50 | 11.50 |
| Rotterdam | 600.00 | 8.00 | 751.50 | 13.00 |
| Houston | 627.50 | 9.00 | 796.00 | 11.50 |
| Fujairah | 649.50 | 0.00 | 889.00 | 0.50 |
| Global 20 Ports Average | 665.00 | 0.50 | 864.00 | 6.50 |
| Global 4 Ports Average | 630.50 | 5.00 | 801.00 | 9.00 |
| Global Average Bunker Price | 722.50 | 2.50 | 922.50 | 3.00 |
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