Alsym Energy, Synergy Marine, Nissen Kaiun to jointly develop batteries for marine use

KUALA LUMPUR, July 21 (Bernama) -- Battery maker Alsym™ Energy and Synergy Marine will collaborate with Japan’s Nissen Kaiun to jointly develop applications specific to the marine shipping industry using Alsym’s high-performance, low-cost technology.

Singapore-based Synergy Marine is a leading global ship management services provider managing more than 500 vessels while Alsym is a developer of next-generation rechargeable batteries.

“Synergy Marine is on the cutting edge of technology in the maritime sector, and we are honoured to be part of their journey to work with owners in their transition away from fossil fuels,” Alsym Energy president and chief executive officer Mukesh Chatter said in a statement.

“By manufacturing batteries from low-cost, readily available materials that are inherently non-flammable and non-toxic, we are providing an economically-viable way to help them decarbonise while also lowering operating expenditures and insurance costs associated with lithium and cobalt-based battery technologies,” Mukesh said.

Alsym will provide Synergy and Nissen Kaiun with one gigawatt of batteries per year for three years starting in the company’s first year of high-volume production, conditional on the battery systems meeting key performance levels and regulatory requirements specific to cargo ships and tankers.

The statement said Alsym’s batteries may be used to propel cargo ships and tankers as they enter and leave port, power berthed ships, and support peak shaving applications at sea.

The company plans to start pilot manufacturing its non-flammable batteries for electric vehicles, ships, and stationary storage later this year at its facility in Massachusetts, with high-volume production expected to follow in 2025.

By using low-cost, inherently non-flammable raw materials with robust global supply chains, Alsym’s aims to provide batteries at a fraction of the cost of lithium-based technologies, making electrification both safe and economically viable.

More details at www.alsym.com.

-- BERNAMA