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Climate Fund invests €10 million in Norsepower for accelerating emissions reductions in shipping

The Finnish Climate Fund has decided on a capital loan of at most 10 million euros to rotor sail manufacturer Norsepower for increasing its production capacity. Norsepower’s products save significant amounts of fuel and can enable emissions reductions measured in the millions of carbon dioxide tonnes during the next decade. Shipping emissions are a major climate challenge....

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Norsepower signs agreement with Socatra to install two Rotor Sails™️ on MR Tanker

Deal highlights the advantages of offshore application for a post-carbon future, using wind propulsion solutions to meet sustainability goals. Helsinki, Finland – Wednesday, 25th January 2023: Norsepower Oy Ltd., the leading global provider of auxiliary wind propulsion systems, today signed a contract with Socatra, the leading French ship owner and operator, for the retrofit installation of two...

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Seatrade Hong Kong Webinar – Sustainable Finance, Shipping and Technology

Norsepower CEO & Partner Tuomas Riski spoke at the Seatrade Hong Kong Webinar – Sustainable Finance, Shipping and Technology in November 2022 alongside representatives from companies including BNP Paribas and DNV. The high-level panel discussed Hong Kong’s role in financing the industry’s green ambitions. Below Tuomas shares his perspective on some key take-aways from the...

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A match made at sea – combining technologies to achieve real fuel and emissions reductions

In a research partnership with NAPA, Norsepower has been able to demonstrate the combined benefits of using the Norsepower Rotor Sail™ solution and NAPA’s Voyage Optimization together. The research also showed that for voyages with lower potential windpower to harness, the use of voyage optimisation more than doubled the benefits of using the technology in isolation...

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Norsepower CEO shares his perspective on how to view the payback of wind propulsion technology

In a written editorial for Ship Management International, Tuomas Riski, Norsepower CEO, highlighted how enabling ship operators to work smarter and more sustainably requires a full 360-degree view of innovation and efficiency. “The clean technology market has often been characterised by investments in a single technology with the value of the technology being largely based on...

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ICCAS 2022 Paper

The recent years have increased the demand for reducing the environmental footprint of shipping. This applies both to ship’s technical aspects, it’s overall energy efficiency but also operational aspects, how the ship’s full potential is used the most effectively. These developments, together with increasing fuel prices have created new interest in use of wind propulsion...

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Norsepower signs agreement with Dalian Shipbuilding Industry Co. Ltd. to install Rotor Sails onboard two newbuild CO2 carrier vessels

Helsinki, Finland – 18th August 2022: Norsepower Oy Ltd., the leading global provider of auxiliary wind propulsion systems, today announced a contract with Dalian Shipbuilding Industry Co. Ltd. for delivery of single Rotor Sails onboard two newbuild liquefied natural gas (LNG)-powered, wind-assisted CO₂ carriers commissioned by the Northern Lights JV. Northern Lights JV is developing the...

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Norsepower harnesses the forces of nature – and Mr. Jufo Peltomaa – to support global growth of wind propulsion

New senior hire reflects the maritime industry’s growing interest in Norsepower’s wind propulsion technology to help improve environmental performance Helsinki, Finland – 15th of August 2022: Norsepower Oy Ltd., the leading global provider of auxiliary wind propulsion systems, today announced the appointment of Mr Jufo Peltomaa as Chief Marketing Officer (CMO). He brings decades of international...

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BHP, Pan Pacific Copper and Norsepower partner to harness the power of wind-assisted propulsion

Helsinki, Finland – Wednesday, 10th August 2022: BHP has partnered with Pan Pacific Copper (PPC), a member of JX Nippon Mining & Metals group, and Norsepower, the leading global provider of auxiliary wind propulsion systems, to reduce greenhouse gas (GHG) emissions from maritime transportation between BHP’s mines in Chile and PPC’s smelters in Japan. The parties are...

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Norsepower and RINA: Accelerating Sustainable Shipping with Rotor Sails

Norsepower jointly organised a webinar with RINA on ‘Accelerating Sustainable Shipping with Rotor Sails’ to discuss the need to reduce emissions across the industry, and the role that wind propulsion technology can play in this transition. Joining Norsepower’s CEO, Tuomas Riski, were RINA Singapore’s Head of Decarbonisation, Energy Transition and Innovation, Jan-Paul De Wilde, RINA...

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