TLDR:
- MOL PLUS, the investment arm of Japan’s Mitsui O.S.K. Lines, has invested in Fleetzero, a marine energy company.
- Fleetzero is developing breakthrough battery technology for energy-dense marine batteries to power medium and long-range electric cargo vessels.
The corporate venture fund MOL PLUS is investing in Fleetzero, an early-stage U.S.-based technology company focused on developing energy-dense marine batteries for long-range electric cargo shipping. Founded by marine engineers Steven Henderson and Mike Carter in 2021, Fleetzero aims to produce the world’s most energy-dense battery pack for marine applications. The investment from MOL PLUS will help promote the installation of battery systems on MOL Group ships and accelerate the implementation of this technology. Fleetzero’s higher energy density battery pack, Leviathan, is currently being demonstrated on an anchor handling tug, Pacific Joule, to showcase its capabilities for medium and large-size electric vessels. Additionally, MOL PLUS has made other investments in emission flow technology, offshore power grids, and wave power generation as part of its broader strategy to transform the ocean shipping industry.
