KCC Secures Additional Enova Funding for Silverstream Installation
Image: Team from Silverstream and Klaveness onboard MV Baiacu in Rotterdam April 2022
Oslo, 31 May 2022: Klaveness Combination Carriers ASA (“KCC”) has secured funding of up to approximately NOK 5 million (USD 0.5 million) from Enova, the Norwegian government enterprise promoting the transition to a low emission society, towards the installation of one additional Silverstream® System.
A contract with Silverstream Technologies for their air lubrication system, the Silverstream® System, was announced as part of a major energy efficiency retrofit in Q1 2022. The solution releases a carpet of microbubbles that travels the full length of the flat bottom of a vessel, reducing friction between the hull and water, and together with KCC’s previously announced energy efficiency initiatives aims to reduce fuel consumption and carbon emissions by almost 20% when compared to performance as newbuilds.
KCC has contracted two Silverstream® Systems and the awarded grant from Enova comes in addition to the up to NOK 8.6 million (USD 0.9 million) in funding already granted towards the installation of a Silverstream® System and WE Tech Solutions Oy shaft generator aboard MV Baiacu. In total, KCC is awarded grants for up to approximately NOK 13.6 million (USD 1.4 million) towards its energy efficiency measures.
To read more about KCC’s environmental performance and progress, see the Sustainability Report for 2021 published on www.combinationcarriers.com/investor-relations.
Contact
Engebret Dahm, CEO
Telephone: +47 957 46 851
Klaveness Combination Carriers ASA
KCC is the world leader in combination carriers, owning and operating eight CABU and eight CLEANBU combination carriers. KCC’s combination carriers are built for transportation of both wet and dry bulk cargoes, being operated in trades where the vessels efficiently combine dry and wet cargoes with minimum ballast. Through their high utilization and efficiency, the vessels emit up to 40% less CO2 per transported ton compared to standard tanker and dry bulk vessels in current and targeted combination trading patterns.
