Norsepower’s CEO Tuomas Riski recently spoke with TradeWinds journalist Bob Rust about the company’s imminent expansion from single-ship to fleet-wide installations of its Norsepower Rotor Sail™️ product. The company is snatching more of the €1bn global wind-assist market with its product’s proven emissions-cutting potential of 8-25%, or even more. These sorts of cuts can bump...
A further signal of growing demand for proven clean and cost-effective shipping services Helsinki, Finland: 31 March 2023: Norsepower Ltd., the leading global provider of auxiliary wind propulsion systems, and global shipping company IINO Lines, today announced a contract for the delivery and installation of two Norsepower Rotor Sails™️ on a newbuild Very Large Gas Carrier...
Helsinki, Finland – 28, March 2023: Norsepower Oy Ltd., the leading global provider of mechanical sails for large ships, has successfully secured 28 million euros in its latest Series C fundraising round. French asset manager Mirova, an affiliate of Natixis Investment Management dedicated to sustainable investment, led the fundraising through its impact private equity Mirova Environment...
Tokyo, Japan: 08 March 2023; Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto, Headquarters: Minato-ku, Tokyo) and Vale International SA (VALE; CEO: Eduardo Bartolomeo Headquarters: Rio de Janeiro, Brazil) have today announced a partnership to retrofit a 200,000-ton class bulk carrier, currently employed under a mid–term contract for transportation of iron ore for Vale,...
On 2023-02-23, after a well-prepared, quick, and successful Rotor sail installation, Delphine (owned by CLdN) departed from the Rostock port towards the greener future. Delphine is the eighth ship to sail with Norsepower Rotor Sails™ and 17 units have now been delivered since 2014. To make the event even more historic, Scandlines ships MV Berlin...
The Finnish Climate Fund has decided on a capital loan of at most 10 million euros to rotor sail manufacturer Norsepower for increasing its production capacity. Norsepower’s products save significant amounts of fuel and can enable emissions reductions measured in the millions of carbon dioxide tonnes during the next decade. Shipping emissions are a major climate challenge....
Deal highlights the advantages of offshore application for a post-carbon future, using wind propulsion solutions to meet sustainability goals. Helsinki, Finland – Wednesday, 25th January 2023: Norsepower Oy Ltd., the leading global provider of auxiliary wind propulsion systems, today signed a contract with Socatra, the leading French ship owner and operator, for the retrofit installation of two...
Norsepower CEO & Partner Tuomas Riski spoke at the Seatrade Hong Kong Webinar – Sustainable Finance, Shipping and Technology in November 2022 alongside representatives from companies including BNP Paribas and DNV. The high-level panel discussed Hong Kong’s role in financing the industry’s green ambitions. Below Tuomas shares his perspective on some key take-aways from the...
In a research partnership with NAPA, Norsepower has been able to demonstrate the combined benefits of using the Norsepower Rotor Sail™ solution and NAPA’s Voyage Optimization together. The research also showed that for voyages with lower potential windpower to harness, the use of voyage optimisation more than doubled the benefits of using the technology in isolation...
In a written editorial for Ship Management International, Tuomas Riski, Norsepower CEO, highlighted how enabling ship operators to work smarter and more sustainably requires a full 360-degree view of innovation and efficiency. “The clean technology market has often been characterised by investments in a single technology with the value of the technology being largely based on...