has started developing a pilot-scale compressed hydrogen (C-H2) cargo ship to capitalise on green hydrogen opportunities across Europe and the Asia Pacific. The new vessel, able to carry 430 tonnes of C-H2, will be a scaled version of a planned 2,000-tonne cargo ship, which was approved for development in March this year. Ultimately, the 430-tonne vessel will enable Global Energy to meet a key target: host an operating fleet of CH-2 carriers by the mid-2020s. More broadly, a new carrier will position the ASX-lister to facilitate supply and demand for green hydrogen between 2025 and 2030 — making this a world-first for scale hydrogen transportation by sea. The new ship is forecast to enter construction in 2023 and first operate during the mid-2020s. Paving the way Global Energy managing director and CEO Martin Carolan said: “GEV’s design and development strategy for the 2,000-tonne ship proved that large commercial scale C-H2 ships are possible and paved the way for the development of a pilot-scale version. “The 430-tonne ship is an ideal size to meet the needs of the current emerging H2 marine transportation industry and will ensure we establish ourselves in the marine transportation of green hydrogen. “A pilot-scale ship will be complementary to partner discussions and GEV’s target to develop a fully integrated green hydrogen supply chain from Northern Australia.” A new deal Today’s announcement comes just one week after Global Energy signed a memorandum of understanding (MOU) with Germany’s ILF Consulting Engineers. Under the agreement, both parties have committed to identify and develop green hydrogen projects in Europe and Australia that involve a CH-2 shipping solution. ILF will also design export and import infrastructure to help load and unload the gas between destinations, while Global Energy will transport green hydrogen from port to port. https://www.proactiveinvestors.com.au/companies/news/951497/global-energy-ventures-begins-development-of-pilot-430-tonne-compressed-hydrogen-ship-951497.html