“CATL, the world’s biggest battery maker, has vowed to “spare no effort” to electrify parts of the global shipping fleet as it tries to replicate its success with electric vehicles on the high seas.

The Chinese group, which controls 37 per cent of the market for EV batteries and 22 per cent for energy storage systems in power grids and data centres, has deployed batteries on about 900 ships, mostly smaller craft operating close to the Chinese coastline, at ports or in rivers…

Batteries, which are best suited to nearshore operations, are among a suite of alternatives to highly polluting heavy-fuel oil. Chinese companies are also exploring commercialisation of clean fuels such as green methanol, ammonia and hydrogen.”

From Financial Times.