Page 32: of Maritime Reporter Magazine (June 2023)

OFFSHORE WIND 3) Finance and insurance providers in certain markets with battery energy storage and shore power connections.

have become more interested in incentivizing investments that have less of an environmental impact. And what about the challenges?

4) A younger workforce who are increasingly less moti- The ? rst challenge is to choose the energy carrier(s) and vated to choose careers in industries associated with hydrocar- the energy converter for a vessel. This will often be dictated bon related emissions, such as oil & gas and marine operations. by trade patterns, vessel size, local factors and the availability of internal combustion engine, fuel cell and/or battery energy

What are the choices? storage system options.

As per the chart below, there are many choices of lower Securing a supply of fuel is the next challenge. At present, carbon, carbon neutral and carbon free energy carriers, some most low and zero emissions fuels are in very limited supply. of which (ringfenced by the green dotted line) can be seen Further, the scale of most offshore vessel operating companies as more suited to shorter sea voyages typical of most of the and trading patterns does not allow most owners to replicate offshore oil & gas and offshore wind ? eet. what liner companies like Maersk have done, which is secure

Depending on the trade and fuel supply, we see an increase 1.4 to 2 million tonnes per year methanol supply from nine in the number of hybrid energy systems, combining an inter- supplier partnerships in Asia and the Americas, and continue nal combustion engine (dual fuel for ? exibility) or a fuel cell to review a further 30 partnerships in regions including Eu- 32 Maritime Reporter & Engineering News • June 2023

MR #6 (18-33).indd 32 6/5/2023 9:25:55 AM