FINNISH technology company Wärtsilä and Australian hydrogen transport systems developer Global Energy Ventures are to co-operate to develop hydrogen-powered propulsion systems.

The two companies recently signed a memorandum of understanding in Sydney outlining the co-operation.

The project aims to advance GEV’s approval in principle application for its new 430-ton C-H2 vessel. It is also intended to demonstrate the availability of an efficient, low-emissions propulsion system for the vessel.

GEV CEO Martin Carolan said he was looking forward to working with Wärtsilä on the project.

“We have shown that C-H2 shipping is ideally suited for exporting green hydrogen with a lower delivered cost and having a technology leader such as Wärtsilä with us, we can deliver a shipping solution that is completely sustainable,” he said.

Wärtsilä Marine Power sales director Petteri Saares said the project would be an important stepping stone along the journey towards a decarbonised maritime industry.

“We are actively developing propulsion alternatives that can utilise future carbon-neutral fuels, raise efficiency levels, and which significantly improve environmental performance,” Mr Saares said.