NYK inks 'electricity carrier' development deal

The agreement encompasses PowerX's ESS prototype as well as a power transfer vessel concept (Power ARK) which is intended to overcome the expense of developing power connections to deepwater offshore wind farms in Japan's coastal waters.

Source: PowerX

Nippon Yusen Kaisha (NYK) has entered a a strategic business alliance for the development and testing of Power X’s marine energy storage system and electric vessels designed to conduct power transfers.

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