Norway's Enova Allocates Over $130 Million to Support Green Ship Orders
2026-06-22 09:31
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en.Wedoany.com Reported - Norway's energy innovation fund Enova has provided over $130 million in funding to seven local maritime companies to support new green shipbuilding orders.

Eitzen

Of the ten new vessels, six will be battery-powered, two will use hydrogen fuel, and two will run on ammonia fuel. These orders will add to the 22 other green vessels already planned for use in Norwegian waters, primarily funded by Enova.

Electric vessel projects received a larger share of support. Eitzen Group's battery-electric container ship project has received Enova funding for two consecutive years, with funds allocated to its shipping electrification division, Zen. This year, Enova provided $20 million to Zen for the construction of two new battery-electric container ships. Combined with a similar amount granted last year for two additional sister ships (officially awarded to Eitzen Group subsidiary Avanti), Zen recently announced it has placed orders for the first two electric container ships, which will be built by China's Zhejiang Dongpeng Shipbuilding. Equipped with 100 MWh battery packs, these vessels will be among the largest electric container ships to enter commercial service in 2029.

Nordic Sea Concept received $8.6 million to develop a fully electric cruise ship. The vessel will operate in Norwegian fjords and be equipped with a 20 MWh battery pack. Live fish transport specialist Seistar received $13.6 million to build a fully electric processing vessel and a charging facility, enabling emission-free fish transport and processing between fish farms and slaughterhouses.

In the hydrogen and ammonia fuel sectors, Enova has invested approximately $80 million to advance the value chains of both fuels. LH2 Shipping will receive $35 million to support its order for two bulk carriers using liquid hydrogen. Bergen Tankers will receive $44 million to build ammonia-powered tankers, which Norwegian energy giant Equinor has committed to charter.

Enova calculates that these projects will reduce greenhouse gas emissions by more than 46,000 tonnes of CO2 annually. Rune Holmen, acting CEO of Enova, stated: "These projects pave the way for a large-scale transformation in the maritime sector, enabling substantial and lasting emission reductions."

Norway is a leader in clean shipping, particularly in battery-electric propulsion. According to data from DNV, of the 3,785 vessels registered in Norway, 112 are zero-emission ships, accounting for 3% of the fleet.

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