A high-profile industry consortium (including Equinor, Shell and ABS) will validate NOV’s subsea fuel storage system. NOV argues subsea storage will be a crucial element for effective distribution of ammonia as an alternative maritime fuel. Validation testing is expected to be completed by the end of next year, with the first projects deployed late 2024 to 2025.
Two sets of academic analyses highlight the huge potential for renewable energy and ammonia fuel to wean island states off fossil fuel use. Researchers from the University of Twente propose a highly-integrated energy generation and storage system for the Caribbean nation of Curaçao, with battery storage and ammonia fuel to offset periods of low wind-power output. On the Canary Islands, researchers from the University of Las Palmas de Gran Canaria present their concept for a “hexa-generation” energy system to produce electricity, water, hydrogen, oxygen, nitrogen and - ultimately - ammonia.
MEMBER NEWS: In November 2019, AEA Gold Member Proton Ventures announced that it had secured a 4 million Euro investment from Dutch "clean energy conglomerate" Koolen Industries.
