Tag

Norsepower

Mar 21
Love3

Stena Line and Norsepower Join Forces for a Cleaner Future

By 2025 Newsletter week 12

Stena Line and Norsepower have signed an agreement for the installation of two Norsepower Rotor Sails™ on STENA CONNECTA, Stena Line’s brand-new methanol-hybrid RoRo ferry.

  • This partnership marks another step in Stena Line’s ambition to reduce its CO₂ emissions by 30% by 2030.
  • Two 28×4 metre Norsepower Rotor Sails™ (NPRS).
  • Up to 9% fuel savings on the vessel’s planned route. T
  • Ferry is scheduled for delivery from Stena RoRo in Q4 2025
  • Irish Sea, Belfast-Heysham, where wind conditions are highly favourable for wind-assisted propulsion.
Apr 06
Love0

Norsepower secures €28 million from investors to bring sails back to shipping

By 2023 Newsletter week 14

Norsepower Oy Ltd., provider of mechanical sails for large ships, has successfully secured 28 million euros in its latest Series C fundraising round.

French asset manager Mirova, an affiliate of Natixis Investment Management dedicated to sustainable investment, led the fundraising through its impact private equity Mirova Environment Acceleration Capital fund*.

Additional participants in the round included:

  • The Finnish Climate Fund (Ilmastorahasto)
  • OGCI Climate Investments
  • Nefco – The Nordic Green Bank
  • Tesi
  • Power Fund III.

With a focus on impact, these organisations have joined forces to enable Norsepower to scale up production and expand the reach of its fuel-saving and emissions-reducing technology.

Photo: Matthias Tasler/Scandlines