VINSSEN Deploys Innovative Marine Class Approved Hydrogen Fuel Cell System For Commercial Maritime Use

June 25, 2024 11:00 AM AEST | By Cision

VINSSEN Deploys Innovative Marine Class Approved Hydrogen Fuel Cell System For Commercial Maritime Use — Image source: Kalkine Media

Recent News

Tony Robbins & Dean Graziosi Launch The Thrive In 25 Event to Help Peo...

Buffett’s Berkshire sells more stocks, cash pile swells to record $347...

The first 100 days: Trump 2.0 and the road ahead for U.S. economy and...

Capstone Copper Announces 2025 Annual General Meeting Results

VINSSEN has obtained project-based* approval from Bureau Veritas (BV) for its hydrogen fuel cell system.

SEOUL, South Korea, June 25, 2024 /PRNewswire/ -- VINSSEN Co., Ltd, a maritime decarbonization technology specialist focused on hydrogen fuel cells and supporting systems, has successfully passed BV's rigorous performance tests, a key step towards demonstrating the feasibility of hydrogen fuel cell systems onboard commercial vessels.

Engineers Inspecting VINSSEN’s Hydrogen Fuel Cell System, Onboard the Vessel “Tenacity”

VINSSEN delivered a customized 60kW PEM (Proton Exchange Membrane) Fuel Cell System featuring key components that include a Fuel Cell Module (FCM), an integrated converter module, a battery system, and a transformer. VINSSEN also incorporated a User Interface that was designed for easy-control by vessel operators.

Seok-Hee LEE, VINSSEN's Project Manager, said: "The project was not without challenges, but these were systematically addressed through the efforts of VINSSEN's project team, and close cooperation of our project trial partners. Our success represents a major step forward in offering the maritime industry further solutions to carbon neutrality via hydrogen fuel cell technology."

This project builds on VINSSEN's Approval in Principle (AIP) Certification from Korean Register (KR) for its 250kW/ 100kW Maritime Fuel Cell Power Packs in March 2024 / September 2023. In addition to recent progress as it relates to hydrogen fuel cells, VINSSEN received Type Approval for a 92kWh Lithium-Ion Battery System from KR and Korea Maritime Transportation Authority (KOMSA), and subsequently delivered Korea's first fully battery electric passenger ferry "Garden Dream" to the Suncheonman International Expo in May 2023.

Meanwhile, VINSSEN recently completed a Series C investment round totaling 15 billion KRW. The secured funds have been earmarked for product development, market expansion, and recruitment of key personnel. In order to facilitate international expansion, VINSSEN established a US branch office in Seattle in February 2024 to enter the North American market. This builds on VINSSEN's international presence since April 2022 at the K-Startup Center in Singapore that was launched by Korea SMEs and Startups Agency (KOSME).

* The trial project is being carried out in Singapore in collaboration with Shell Singapore Pte. Ltd. (project sponsor), Seatrium Limited (project developer), Penguin International Limited (owner and operator of the vessel used for the trial), and Air Liquide Singapore Pte. Ltd. (the hydrogen expert and provider).

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.