RINA has signed a Memorandum of Understanding (MOU) with 5M Renewables for the collaboration on the concept development for the Thessalonica HydroShip, which is a Floating Green Hydrogen Production Vessel. This collaboration will contribute to the decarbonization efforts of the marine and energy segment.
This collaboration aims to contribute to the decarbonization efforts of the marine and energy segment and includes a carbon credit offset program that will benefit owners, charterers and other stakeholders.
The agreement was signed remotely on 9 February 2022, and its scope will cover two segments:
- Covering the vessel design
- The topside production which will include the green hydrogen production and distribution systems.
Thessalonica HydroShip converts the energy from wind or tidal stream turbines into green hydrogen. It does not require the use of a FPSO, thus reducing the overall levelized cost of energy (LCOE) to yield cost competitive green hydrogen.
The wind/tidal stream turbines, off-the-shelf electrolyzers, and other plant equipment will have their configuration optimised to deliver cost competitive green hydrogen at near to shore distances.
The configurations of the Thessalonica HydroShip will incorporate carbon offset and certification standards to EU-ETS, GS, Verra, JCM etc.
