Page 55: of Maritime Reporter Magazine (November 2020)

WORKBOAT PROPULSION: BATTERIES something that is turnkey so that the the application needs. So that’s the way projects in the water. customer basically can plug it in, in one I can deliver the fundamental payback The Northern European market has direction or the other and run is maybe that these guys need to have.” If I do sustained itself and is growing quickly, one of the more unique challenges about that, then you have a payback today of which we’ve seen that through commit- the marine industry, because it’s such a between one and three years. And these ment to zero emission vessels by 2030, complex infrastructure onboard a ship. are systems that will be installed for up 2040, 2050. Now, places like the Medi-

And the more that people incorporate to 30 years. So the metrics today are to terranean, Southeast Asia, India, Chi- energy storage, fundamentally, the bet- the point where we’re not pushing into na, even North America are starting to ter payback and the better improvement the space anymore, Greg, we’re being take up the mantle ... they are basically of performance that you have. I had a pulled into the space. where we were in Norway 10 years ago. long conversation with an owner of 300 The conversations I have with the ship offshore vessels the other day, and (he) owners and operators feels a little bit When you look at the industry by ves- asked “what is the fundamental value like déjà vu, except now we can point at sel niche or geography, where do you of your industry?” I said, “it’s a really the number of vessels that are actually see opportunity in the coming one to simple, one-line drawing. You need gen- working every day.

? ve years?

eration on one side, you have the bat- That’s kind of the frightening part, tery in the middle, and then you have Greg. Northern Europe and Scandina-

Can you share details of a recent the application at the end. And if I can via were the markets that started the project or two that illustrate the solu- ? gure out how generation is going to ball rolling. It’s a fundamental support tion that you discussed?

charge my batteries, at constant speed, mechanism of powerful government This year, we saw the need for some- constant power, and my batteries are go- support, legislative support, social sup- thing beyond energy storage, and we ing to supply all the dynamic load that port, and a willingness to actually put created what we call CanPower, which www.marinelink.com 55

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