May 10, 2022
Copenhagen, Denmark
Green electro-fuels are needed to achieve zero carbon shipping. However, green fuels are expected to be significantly more expensive than fuel oil per energy equivalent. Hence, fuel savings and wind assisted ship propulsion - offering free non-polluting energy delivered directly to the ship at sea - will become financially attractive as part of the green transition.
Today the Maritime Administration (MARAD) awarded nearly $580 million to 31 recipient ports in 15 states and territories. These grants are from the agency's Port Infrastructure Development Program (PIDP). Five…
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