Sterling PlanB and NYK Trading enter energy storage system supply agreement

Sterling PlanB and NYK Trading enter energy storage system supply agreement
NYK Trading and Sterling PlanB sign exclusive supply agreement. From left to right, NYK Trading: Toshiro Miyachi, executive officer; Keiji Tsuchiya, CEO; Mitsuhiko Sunouchi, managing executive officer; Takashi Mihashi, executive officer.

NYK Trading Corporation and Sterling PlanB have entered into an exclusive agreement for the sales and distribution of energy storage systems in Japan.

NYK Trading will distribute Sterling PlanB’s energy storage systems in Japan, a move that reflects the growing awareness of energy storage technology in achieving low and zero carbon shipping. Whether in combination with zero-carbon fuels, wind assisted propulsion, or other optimisation solutions, ESS can play a role in peak shaving, managing a hotel load, or supplying emergency power, both increasing performance and safety, and reducing fuel consumption.

This agreement will see Sterling PlanB benefit from the scale and resources of NYK Trading as an important commercial partner. NYK Trading is already an established supplier of marine fuel and lubricants oil, and mechanical instrumentation business globally, and strong links with Japanese shipowners, shipyards and technology integrators. This marks the move towards a low-carbon future, in line with NYK Trading Corporation’s investment in developing its solar energy business and other clean technology avenues.

NYK Trading aims to bring ESS propulsion to small vessels such as tugboats, short distance ferries and merchant vessels in the domestic Japanese maritime market. By using its business network as an established trading house in Japan, the company will establish a strong sales foundation for ESS and fuel cell suppliers and the battery propulsion market as a whole, as the maritime ESS market in Japan remains relatively immature.

“With many major commercial shipping lines and shipyards based in Japan, we are honored and proud to be joining forces with NYK Trading Corporation to bring our ESS solutions to this market. With their scale and expertise, we look forward to working together to ensure that ESS and battery power is a major part of Japan’s clean shipping future,” said Brent Perry, CEO of Sterling PlanB.

Keiji Tsuchiya, representative director, CEO from NYK Trading commented: “Sterling PlanB has demonstrated that they are an innovative company that has made safety its top priority. We recognise the urgent need for shipping to reduce its carbon emissions, and as such, look forward to providing our customers with a world leading ESS solution.”