Yinson Holdings (Yinson), through a consortium with its subsidiary Yinson Green Technologies (YGT) has been awarded funding by the Maritime and Port Authority of Singapore (MPA) and Singapore Maritime Institute (SMI) to develop, deploy and commercialise a fully electric cargo vessel.
In a statement, Yinson said the vessel will include interoperable swappable battery infrastructure solutions. The consortium, called ‘Goal Zero’, is one of three to receive funding from MPA and SMI.
It will now embark on the research, design, build and operations of fully electric harbour craft over the next five years. The electrification pilot projects will demonstrate both commercial and technical viability of specific use cases for fully electric harbour craft.
They are joined by Sterling PBES Energy Solutions as battery technology partner; Rina Hong Kong Limited Singapore Branch as classification society; Singapore Institute of Technology and Technology Centre for Offshore and Marine Singapore as institutes of higher learning and research institutes developing the digital twin.
Yinson Executive Vice President New Ventures and Technology Eirik Barclay said, “We are looking to develop a new ecosystem and business model that are significantly more sustainable for the harbour craft industry whilst simultaneously being more commercially attractive for vessel owners and operators.
“For example, swappable battery charging infrastructure could almost completely eliminate vessel charging downtime, and digital twin technology can improve efficiencies that bring down operational costs.”