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Ørsted signs vessel deal for its renewable e-methanol facility

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Ørsted signs vessel deal for its renewable e-methanol facility | Windpower Monthly

Ørsted signs vessel deal for its renewable e-methanol facility

Ørsted and Esvagt have signed an agreement for a second methanol-powered service operation vessel (SOV) that will use e-methanol from Ørsted’s renewable e-methanol facility, FlagshipOne, in Sweden.

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Related Knowledge Center: ENERGY BASICS: renewables

State of Play

Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.

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