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Solstad given state grant to upgrade ships to green technology

Over the next three years, the Norwegian offshore shipping company Solstad Offshore will be investing NOK 300 million to upgrade 11 ships to a hybrid battery technology in order to reduce emissions of CO2. The Norwegian state is contributing to this investment.

Photo: PR / Solstad Offshore

Solstad Offshore, which has set itself a target of reducing the fleet’s CO2 emissions by 50 per cent by 2030, is investing NOK 300 million (USD 33.87 million) over the next three years in a new hybrid battery technology, the company announces in a statement.

The Norwegian offshore company wants to upgrade 11 ships using hybrid battery technology in order to reduce the ships' emissions of CO2. The Norwegian state is contributing NOK 87 million to this investment.

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