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enova-announces-funding-for-hydrogen-and-ammonia-powered-vessels
enova-announces-funding-for-hydrogen-and-ammonia-powered-vessels

Enova announces funding for hydrogen and ammonia-powered vessels

Norwegian state-owned Enova has announced NOK 1.2bn ($113m) will be allocated to nine hydrogen vessels and six ammonia vessels.

The selected ammonia companies include Høegh Autoliners and Amon Gas, whilst Maris Fiducia, Møre Sjø, Napier and Halten Bulk will lead the hydrogen project.

Enova launched the ‘Hydrogen in Vessels’ and ‘Ammonia in Vessels’ last December (2023), in order to establish the first functioning value chains for ammonia and hydrogen maritime purposes.

The programmes supported both new vessels and converted hydrogen and ammonia ships, with applicants ranked according to cost-effectiveness (70%) and project maturity (30%). Projects can receive up to 80% of approved additional costs, increased from the previous 40%.

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