Latest news with #Powerships
Korea Herald
3 days ago
- Business
- Korea Herald
Karpowership and Seatrium Launch LNGTS Americas and Sign LoI for Next-Gen Floating Power Projects
ISTANBUL, Aug. 14, 2025 /PRNewswire/ -- Karpowership and Seatrium have celebrated the naming of Karadeniz LNGTS Americas, the fifth member of Karpowership's LNG Terminal Ship (LNGTS) fleet. The ceremony also saw both companies sign a strategic partnership to convert the Karpowership's next-generation Powership and LNGTS fleet. Karadeniz LNGTS Americas will join the growing fleet of vessels operated by Karpowership, the world's largest owner and operator of the floating power plant technology known as Powerships. LNGTS units can be paired with Powerships (LNG-to-Power), which are multi-fuel enabled, to deliver electricity in regions where onshore infrastructure is limited and access to natural gas is absent. "With thanks to our partners at Seatrium, whose innovation, expertise, and commitment have been integral to our journey, we are delighted to add Karadeniz LNGTS Americas to our expanding fleet," said Orhan Remzi Karadeniz, Chief Executive Officer of Karpowership. "Our model of integrating Powerships and LNGTS offers countries a unique and cost-effective solution to achieving energy security while utilizing cleaner fuels. Our one-of-a-kind, industry-leading design and know-how is globally unique, with no equal in its field. We are very proud to have become a significant player in the LNG field in just six years." Karpowership owns 50 Powerships with an installed capacity of 10,000 MW and 11 LNGTS units, including those under construction or in the pipeline. Having a global footprint in 20 countries across four continents, Karpowership is delivering cleaner, reliable, and cost-effective electricity, including LNG-to-power projects in Brazil and Senegal – the latter being the first of its kind in Africa. Today, Karpowership represents 1% of global installed Gas-to-Power capacity and aims to double that to 2% in the next 10 years. As a part of this plan, the company signed a Letter of Intent (LoI) with Seatrium to expand its floating power capabilities. According to the LoI, Seatrium will begin converting three high-capacity LNGTS and Karpowership's next generation of Powerships, which are designed as a modular system adaptable to project needs. The new design will allow for the integration of advanced technologies such as CCUS (Carbon Capture, Utilization, and Storage) systems or turbines when required. "This collaboration underscores Seatrium's role in transforming the energy industry through innovation and strategic partnerships in energy assets. By uniting our world-class offshore engineering expertise with Karpowership's pioneering energy solutions, we are advancing the development and deployment of rapid, reliable, and flexible power solutions to meet growing global energy demands," said Chris Ong, Chief Executive Officer of Seatrium. The naming ceremony and the LoI reaffirm Karpowership's commitment to providing energy security, meeting countries' needs today, and building resilience for the long term. About Karpowership Karpowership is a global energy company specializing in fast-track and integrated power solutions. As the only builder, owner and operator of the world's largest Powership fleet, Karpowership's vessels can deliver turnkey energy solutions wherever they are needed, connecting to the grid and generating electricity in less than 30 days. In addition to its signature Powerships, Karpowership offers floating LNG solutions, to support a cleaner, more flexible energy future. With over 25 years of experience, Karpowership remains committed to delivering sustainable and reliable power, empowering nations and communities. Seatrium Limited provides innovative engineering solutions to the global offshore, marine and energy industries. Headquartered in Singapore, the Group has over 60 years of track record in the design and construction of rigs, floaters, offshore platforms and specialized vessels, as well as in the repair, upgrading and conversion of different ship types.
Yahoo
13-03-2025
- Business
- Yahoo
Commissioning of Karpowership's Floating Power Plants: A Major Step Forward for Gabon's Energy Supply
LIBREVILLE, Gabon, March 13, 2025 /PRNewswire/ -- On February 28, 2025, the President of the Transition, General Brice Clotaire Oligui Nguema, officially commissioned Karpowership's floating power plants in the municipality of Owendo. This strategic initiative marks a significant milestone in strengthening Gabon's energy supply, reducing recurring power outages, and supporting the country's economic development. This initiative is part of a broader effort to stabilize electricity supply and ensure reliable service for the people of Gabon, especially in a context where frequent power cuts hinder daily life and economic growth. A Strategic Partnership for Energy Sovereignty Karpowership, the world leader in floating power plants -Powerships -, was selected to contribute to this ambitious project. Ali Hjaiej, Vice President of Karpowership Group, emphasized the importance of this collaboration: "Energy is one of the fundamental pillars of a nation. It embodies both sovereignty and security. We are honored by the opportunity Gabon has given us to contribute to this mission and its success." He also expressed his gratitude to the Gabonese authorities for their trust: "I would like to extend my sincere appreciation and thanks to the Head of State, General Brice Clotaire Oligui Nguema, and his entire team for their unwavering dedication and commitment that made this project a reality." The commissioning of these Powerships is also a first step toward broader energy diversification and reducing inequalities in energy access, particularly in rural and remote areas. Cutting-Edge Technology for Sustainable Energy Technological innovation lies at the heart of Karpowership's solution. Equipped with the latest advancements in power generation, these Powerships provide Gabon with a flexible infrastructure capable of delivering stable electricity tailored to the country's needs. The Powerships integrate advanced energy conversion and optimization systems, ensuring higher efficiency and significantly reducing losses. A Key Step in Modernizing Gabon's Energy Sector The launch ceremony brought together several high-ranking officials, including the Vice President of the Transition, Mr. Joseph Owondault Berre, the Minister of Energy and Water Resources, Séraphin Akuré-Davin, the Interim Administrator of the Gabon Energy and Water Company (SEEG), Mr. Steeve Saurel Legnongo, the General Manager of Karpowership Gabon, and the Ambassador of Turkey to Gabon, Mr. Can Incesu. Together, they welcomed this milestone in the modernization of Gabon's energy sector and its positive impact on the daily lives of Gabonese citizens. This ambitious project demonstrates the Gabonese government's commitment to ensuring stable and high-quality energy access, a crucial factor for the country's economic and social development. The partnership between Gabon and Karpowership serves as a model for public-private collaboration in the energy sector, aligning with Gabon's commitments to sustainability and energy transition. Karpowership is a global energy company with over 25 years of experience in developing innovative power solutions. Through its investments and expertise in floating infrastructures, renewable energy, and land-based power plants, the company provides integrated energy solutions, delivering fast, reliable, and affordable electricity while contributing to the energy mix of its partners. Karpowership owns, operates, and builds the world's only fleet of Powerships, generating electricity in 16 countries across four continents with a total installed capacity exceeding 7,500 MW. The company provides immediate access to sustainable electricity through its unique, ready-to-deploy Powerships. Photo - - View original content to download multimedia: SOURCE Karpowership Sign in to access your portfolio
