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Eidesvik Offshore ASA Secures Funding for Ammonia-Powered Vessel

Eidesvik Offshore ASA Secures Funding for Ammonia-Powered Vessel

Eidesvik Offshore ASA (DE:E1V) has released an update.

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Eidesvik Offshore ASA has been awarded NOK 44.7 million by Enova to potentially construct a platform supply vessel powered by ammonia, contingent on securing a viable long-term contract. This innovative vessel concept promises enhanced energy efficiency and reduced lifecycle costs, aligning with Eidesvik’s commitment to maritime decarbonisation. The company is also exploring ammonia’s potential through projects like retrofitting their PSV Viking Energy with an ammonia engine by 2026.

For further insights into DE:E1V stock, check out TipRanks’ Stock Analysis page.

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