NYK and PowerX form business alliance

PowerX develops projects involving large-capacity batteries and power-transmission technologies and is aiming to build and promote a power-transfer ship delivering electricity generated offshore to shore.

The two companies will combine resources to jointly develop and test a power transfer vessel and marine energy storage systems, and to promote initiatives for accelerating the adoption of renewable energy. The partnership will specifically focus on R&D projects that include marine ESS, the power transfer vessel Power Ark, battery-powered vessels, ship electrification, and zero-emission ports, as well as sales and promotion for these projects.

A prototype for a 100-metre power transfer vessel capable of sailing 300 kilometres will be developed and tested as part of PowerX’s Power ARK project.

PowerX has also entered into a capital and business alliance with Imabari Shipbuilding to jointly develop the first prototype of the 200MWh capacity Power ARK by the end of 2025.

In March, ClassNK signed a Memorandum of Understanding (MoU) with PowerX to collaborate on the development of the Power ARK.