Norway’s goal to use zero-emission fuels in maritime transportation will be financed by Enova, a state-owned company under the Ministry of Climate and Environment, strengthening its desire to spearhead the global transition to low-carbon shipping.
Enova promotes innovations that create new industrial value chains while lowering greenhouse gas emissions.
The most recent funding round worth more than $120 million focuses on ships and fuel infrastructure, which are viewed as crucial early examples of shipping powered by hydrogen and ammonia.
Early investment in ships and fuel infrastructure, according to Enova, is crucial for lowering risk, gaining expertise and establishing Norway as a pioneer and long-term leader in zero-emission maritime transport.
Enova has set aside over $100 million to help build seven innovative ships: four coastal bulkers with hydrogen-based propulsion and three sizable ocean-going bulk carriers powered by ammonia, the Maritime Gateway reported.
When combined, these ships are predicted to cut carbon dioxide emissions by about 92,000 tonnes per year.
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Other beneficiaries of Enova
LH2 Shipping, one of the beneficiaries of Enova, obtained an additional $29 million in funding to construct two new liquid hydrogen-powered bulk carriers in collaboration with Strand Shipping Bergen of the Vertom Group.
This comes after initial funding was provided in the spring, allowing the project to grow from two to four vessels.
The new ships, which are each 108 metres long and weigh about 7,700 deadweight tonnes, are intended for short-sea operations that connect northern Norway to the Baltic region and mainland Europe.
Additionally, two hydrogen-powered coastal bulkers with batteries, compressed hydrogen fuel cells and wind-assisted propulsion are being supported by Enova for GMI Rederi.
These vessels will carry building supplies and asphalt down the coast for Norway’s domestic trade.
Amon Bulk has also been given approximately $29 million to build three 80,000–85,000 dwt Kamsarmax bulk carriers powered by ammonia.
The ships, which will join two identical ships announced earlier this year, are slated for delivery between 2029 and 2030 and are mainly intended for European steel sector cargoes.
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Angelica N. Hall 
Shameeka Voyiya 
Carmela Calling