Global Energy Venture, an integrated green hydrogen development company, announced significant appointments for the compressed hydrogen ship’s next phase of detailed engineering.
Martin Carolan, GEV’s Managing Director & CEO, commented: “The appointments of Capilano and Wartsila will continue on from the successful concept design phase in 2021 which resulted in the receipt of Approval in Principle for both the 430 tonne and 2,000 tonne ships. Capilano and Wartsila will continue to work with our naval engineering team based in Canada.
“The engineering program in 2022 is key to achieving Approval for Construction in the first half of 2023. This will ensure our goal of first hydrogen exports from the Tiwi Hydrogen Project in 2026, being the first export of largescale green hydrogen gas from Australia.
“GEV is also delighted to have appointed Clarkson Platou as the company’s ship broker to support our discussions with shipyards for the selection of a construction partner. Clarkson is the world’s largest ship broker and successfully advised the Company back in 2019 for our CNG program.”
Capilano and Wartsila have been retained by GEV to progress the previously completed concept design to a comprehensive Contract Design Package (CDP). Together with the ABS Approval in Principle, the CDP enables GEV to advance discussions with prospective shipyards and engage in effective discussions and negotiations over design features, costs, and schedule.
Capilano will also assist GEV with the next round of ABS Class Approvals. Approval for Construction will precede the signing of a contract for a newbuild ship, which will occur concurrently with the financial close of a compressed hydrogen project. Under the terms of the June 2021 MOU, Wartsila will continue to support GEV in developing electric drive propulsion systems and the possibility to use hydrogen blended fuels.
In 2022, the Company is planned a two-stage testing program to operate concurrently with the engineering program. Stage 1 will consist of a series of tests to optimize the construction of the Stage 2 Prototype Tank, which will be designed, produced, and tested in accordance with ABS standards and guidelines. GEV is currently purchasing carbon steel and stainless steel plate material in advance of the Stage 1 testing scheduled for the second quarter of 2022.
