Latest news with #MehmetKatmer
Bloomberg
29-07-2025
- Business
- Bloomberg
Power-Barge Firm Plans Floating Data Centers to Meet AI Demand
Karpowership, a Turkish company that builds floating power plants, is expanding into waterborne data centers in a bet they'll be faster to build than onshore hubs as demand from artificial intelligence soars. The firm's Kinetics unit plans to develop some of the world's first floating data centers in shipyards, sidestepping the permitting bottlenecks that can hold up onshore construction in key markets such as the US, Chief Executive Officer Mehmet Katmer said in an interview.
Qatar Tribune
07-07-2025
- Business
- Qatar Tribune
Kinetics and MOL partner to develop world's first floating data centre
Agencies Kinetics, the energy transition initiative of Türkiye's floating power provider Karpowership, signed a memorandum of understanding (MoU) with Japanese Mitsui O.S.K. Lines Ltd. (MOL) to jointly develop the world's first integrated next-generation floating data center platform, the companies said on Monday. According to the statement, the project aims to address the rapidly growing global demand for digital infrastructure. 'This partnership combines Kinetics' expertise in mobile energy infrastructure with MOL's extensive maritime and offshore logistics capabilities to address the surging global demand for digital infrastructure,' MOL said in a press release. Under the memorandum, the two companies will collaborate on the design, construction and deployment of a state-of-the-art data center hosted on a retrofitted vessel. The facility will be powered by uninterrupted and dedicated energy from various flexible sources, including powerships developed by Karpowership. Depending on the project location and customer needs, onshore grids, land-based solar power plants, offshore wind energy or other energy generation solutions can also be integrated. Karpowership, a pioneer in integrated floating power solutions, with over 10,000 megawatts (MW) of installed capacity in 19 countries and more than 20 years of operational experience, will contribute to the project. MOL, headquartered in Tokyo, is one of the leading shipping companies in the world. Following feasibility studies and ongoing technical developments, the first floating data center project is targeted to be commissioned in 2027. The floating platform will offer a scalable, portable and rapidly deployable solution to overcome challenges faced by traditional land-based data centers, such as energy shortages, land limitations and delays in permitting processes. In the statement, Kinetics CEO Mehmet Katmer emphasized that this collaboration is a significant step toward providing solutions to the global energy sector 'This project represents a significant step toward our vision at Kinetics: delivering innovative, efficient and sustainable infrastructure solutions that meet the energy needs of today and tomorrow,' Katmer said. 'By pairing mobile power generation with floating data infrastructure, we are addressing critical market bottlenecks while enabling faster, cleaner and more flexible digital capacity expansion.' Tomoaki Ichida, managing executive Officer of MOL, said: 'This MOU represents an important step forward in leveraging the MOL Group's assets and extensive expertise in ship operations to rapidly build digital infrastructure while minimizing environmental impact. Moving forward, we will continue to expand a diverse range of social infrastructure businesses centered on the shipping industry. Through the advancement of our technologies and services, we are committed to proactively responding to society's evolving needs.
Yahoo
07-07-2025
- Business
- Yahoo
Kinetics awards seventh FSRU project to Seatrium
Global offshore solution provider Seatrium has secured a contract for a floating storage regasification unit (FSRU) conversion by Kinetics, an energy transition initiative under Karpowership. This follows the option for a fourth project confirmed between two companies in April 2024. Kinetics CEO Mehmet Katmer stated: 'Seatrium's proven track record, engineering expertise and technical capabilities make them an invaluable partner in supporting our mission to deliver reliable and sustainable energy solutions worldwide. This final contract represents a significant milestone in Kinetics' ambition to lead the global FSRU market in the coming years.' The project, set to commence in the third quarter (Q3) of 2025, will see an LNG [liquefied natural gas) carrier (LNGC) converted into a floating storage and regasification unit (FSRU) named LNGT Turkiye. The conversion will encompass the installation of a regasification module - a spread-mooring system. It also involves supporting systems integration, which includes offloading, cargo handling, utility, electrical and automation systems. Kinetics is an energy company that specialises in the building, development, delivery and leasing of floating LNG assets and renewable energy platforms, including battery energy storage systems, intended to meet the requirements of utilities, and independent power producers. Seatrium repairs and upgrades executive vice-president Alvin Gan stated: 'We truly appreciate the trust from Kinetics in awarding us this important seventh FSRU project. This contract is a testament to the successful strategic partnership between our companies, that includes four projects delivered to date: Karmol LNGT Powership Africa, Asia, Europe and most recently, Antarctica. 'Presently, two more FSRU conversion projects for Kinetics are in progress at our yard, with deliveries scheduled later this year and in the first quarter of 2026. These projects underscore Seatrium's unwavering commitment to excellence, innovation, and customer satisfaction, further cementing our position as a pioneer and market leader in the specialised FSRU conversion sector.' Singapore-headquartered Seatrium delivers engineering solutions to the global offshore, marine and energy industries. In early 2025, Seatrium won a significant contract from Höegh Evi, Norway, for the conversion of an LNG carrier into an FSRU. "Kinetics awards seventh FSRU project to Seatrium" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Cision Canada
07-05-2025
- Business
- Cision Canada
Kinetics Accelerates Clean Energy Innovation with Strategic Investments in North America
ISTANBUL, May 7, 2025 /CNW/ -- Kinetics, a new energy company launched by Karpowership specializing in floating LNG assets and renewable energy, has announced two strategic investments to drive innovation and decarbonization in the energy, maritime and mining sectors. These moves underscore the company's long-term commitment to accelerating the transition to sustainable energy solutions. Kinetics has co-invested in a $20 million Series A financing round for Exterra, a Canada-based cleantech waste-to-value leader. The investment will enable Exterra to advance its flagship Hub I project in Quebec and further commercialize its dual-process technology, unlocking new pathways for carbon-negative industrial operations. Hub I will become the world's largest asbestos mitigation facility – processing 400,000 tonnes of asbestos mine tailings annually. Kinetics also participated in a $20 million Series A financing round for Power to Hydrogen, a U.S.-based manufacturer of next-generation AEM electrolyzers that produce green hydrogen from renewable electricity, and supports the production of e-methanol and green ammonia – key to decarbonizing the global shipping sector. The investment will support Power to Hydrogen's global market expansion, responding to growing demand for accessible and cost-effective green hydrogen. "These partnerships reflect our strategic vision to support breakthrough technologies that go beyond innovative electricity generation – enabling sustainable fuels, cleaner industries, and circular resource use," said Mehmet Katmer, General Manager of Kinetics. "We're proud to back innovators that are reshaping how the world produces, stores, and consumes energy." "This strategic investment from Mitsui O.S.K. Lines and Karpowership is a promising step towards producing lower emissions shipping fuels," said Paul Matter, Co-Founder and CEO of Power to Hydrogen. "With the increasing pressure to decarbonize shipping and promote zero-emission fuels, we see a significant opportunity for green hydrogen, e-methanol, and green ammonia to become the dominant fuels of the future. Our electrolyzers offer a cost-effective and scalable solution to meet this growing demand." By leveraging its global expertise, Kinetics is focused on scaling up solutions that create long-term value and drive decarbonization across complex, hard-to-abate sectors – from mining to maritime transport. About Kinetics Established in 2024, Kinetics specializes in cleaner, flexible energy systems through the development and delivery of floating LNG assets and renewable energy platforms, including battery energy storage systems (BESS). Tailored to meet the evolving needs of partners in the energy industry, Kinetics is redefining how energy infrastructure is deployed and accessed in a decarbonizing world. Kinetics is an initiative of Karpowership, a global energy company with over 25 years of experience in developing its world-leading fleet of floating power infrastructure and innovative energy solutions. About Exterra Exterra Carbon Solutions is a Canadian cleantech waste-to-value leader based in Quebec, Canada. The company specializes in transforming legacy mining waste into sustainable, low-carbon critical minerals and CO₂ sequestration solutions. Leveraging its proprietary LOW™ process to produce low-carbon metal oxides and valuable by-products, alongside the ROC™ process to permanently mineralize CO₂, Exterra redefines sustainable mineral production. Exterra has been awarded the prestigious 2024 Carbon Capture Canada Award in the CCUS First Adopter Award category last September. About Power to Hydrogen Power to Hydrogen is a designer and manufacturer of advanced electrolysis systems based in Columbus, Ohio. The company's innovative AEM electrolyzer technology offers a low-cost, high-performance alternative to existing options for producing clean hydrogen. Power to Hydrogen's systems are designed for easy installation and integration with renewable energy sources, enabling companies to produce green hydrogen efficiently. Power to Hydrogen's mission is to accelerate the transition to a clean energy economy by providing reliable, cost-effective, and accessible hydrogen solutions.
