The shipping industry is under pressure to reduce emissions. If rotor ships catch wind on the global shipping market, Norsepower could be entering a market worth some 30 Billion euros. The number is estimated from the 25,000 ships’ 1.2 MEUR install cost.
Norsepower remains conservative, and pegs it’s 2024 revenue target at a mere 100 Million euros.
Source: metropolitan.fi
It’s an interesting time for Virgin Hyperloop One, which saw one of its board members arrested on fraud and embezzlement charges in Russia last week and three other high-profile directors departing the board, according to Bloomberg. But that hasn’t stopped the futuristic-transport startup from showing off its latest pod prototype, first for the Crown Prince of Saudi Arabia and now for the rest of us via the video above.
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Norway is already a global leader in the adoption of electric vehicles, spurred in large measure by the hydropower that provides 98 percent of the country’ electricity. So moving into the forefront of tackling a major global environmental challenge — decarbonizing the world’s shipping fleet — was a natural step for the country. Other nations — including Finland, the Netherlands, China, Denmark, and Sweden — also are beginning to launch electric ships.
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