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Showing posts with the label energy

World's First Ammonia-Fueled Vessel Completed by IHI; Achieves Zero Carbon Emissions

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In Q3 2024, the ammonia-fueled tugboat Sakigake was completed by NYK Line (NYK) and IHI Corporation consolidated subsidiary IHI Power Systems Co., Ltd. (IHI Power Systems) in cooperation with Nippon Kaiji Kyokai (ClassNK). This is the world's first ammonia-fueled vessel for commercial use.* The NYK Group company Shin-Nippon Kaiyosha will employ the vessel in tugboat operations in Tokyo Bay over a three-month demonstration period. This vessel was a Green Innovation Fund Project* initiated in October 2021 under Japan’s New Energy and Industrial Technology Development Organization (NEDO) to develop vessels equipped with domestically produced 280mm bore four-stroke ammonia-fueled engines made by IHI Power Systems. The predecessor, the LNG-fueled tugboat of the same name, was completed in August 2015 as the first LNG-fueled vessel in Japan. After eight years of tug service in Tokyo Bay, the vessel was docked at the NYK Group's Keihin Dock Co. Ltd. for conversion t...

Mizuho supports landmark NeuConnect project in Europe for sustainable energy across the continent

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  Project Flow   As a leading bank in electricity transmission financing, Mizuho acted as loan Bookrunner and IRS/RPI swap provider in a £2.2 billion long-term project financing deal. The financing will support a consortium of Meridiam, Kansai Electric and Allianz Capital Partners to develop a 720km subsea electricity interconnector project between the UK and Germany that will be used to transmit affordable and secure sustainable energy. Interconnectors  have become indispensable in enabling countries to enhance their use of intermittent clean energy resources through shared access to energy networks that help to balance supply and demand of clean energy sources and support security of supply. Challenge Interconnectors play a vital role in the transition to green energy. These electrical highways of the sea are growing in strategic importance globally, with the EU targeting 15% interconnection by 2030 as part of its Climate and Energy Targets. The NeuConne...

Mizuho bank goes into nuclear fusion power with Zap Energy

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Mizuho Financial Group, Inc. (President & Group CEO: Masahiro Kihara) has bought a stake in US firm Zap Energy (President: Benj Conway), a company developing fusion power and related technology. The investment was carried out through Mizuho's specialist investment subsidiary Mizuho Innovation Frontier Co., Ltd. (President & CEO: Junichi Ikeda). Investment purpose In pursuing carbon neutrality, it is important to create new demand and markets in the decarbonization area, while also progressing in areas such as the global clean energy transition. In fusion power generation, a colossal amount of energy is created by the fusion of light atomic nuclei to produce heavier ones. This power generation method is a potential game changer for the clean energy transition, as greenhouse gases are not emitted and it is a sustainable energy source. Mizuho has deepened its understanding of related technology and industry trends, releasing a report entitled Recent Trends Surrounding Fusion E...

New JPX IPO - Informetis Co.,Ltd. (281A) - Mon Dec. 9, 2024

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Company Profile Company Name: Informetis Co.,Ltd. Scheduled Listing Date: Mon Dec. 9, 2024 Market Section: Growth Market Representative TADANO Taro, Chief Executive Officer Address of Main Office 1-8-20 Shibakoen, Minato-ku Tokyo, 105-0011 Tel. +81-50-8882-9931 Home Page: https://www.informetis.com/en/ Date of Incorporation: Apr. 8, 2013 Description of Business: Energy-Informatics business : (Smart living services that offers both energy saving and comfortable life-style which is achieved by analysing energy related data with unique AI technology, energy management service that optimises efficient usage of energy, creation of new services based upon new ways of taking advantage of energy data) Category of Industry: Information & Communication Ticker: 281A