H2Terminals and London P&I Club forge strategic partnership for Green Hydrogen shipping insurance
In a significant move towards sustainable shipping, H2Terminals Limited, a pioneer in green hydrogen marine technology, and the London P&I Club, one of the world’s leading marine liability insurers, signed a Memorandum of Understanding (MoU) at the London P&I Club’s headquarters.
Through the MoU, H2Terminals and the London Club will cooperate to evaluate and develop insurance solutions for shipping green hydrogen.
This strategic partnership marks a crucial step in H2Terminals’ ambitious project to introduce liquid hydrogen into the UK market. The initiative includes offshore production at Energy Island[NB1] which can be 100 kilometres offshore, collecting energy from wind, sun and wave, electrolysing and liquifying on the platform.
Transportation would be via advanced LH2 carriers which will hold the liquid hydrogen in 50-ton spheres and be powered by green hydrogen fuel cells. The Distribution process will be through power barges, delivering green liquid and gaseous hydrogen, electricity and several other important byproducts at scale, driving industrial decarbonisation and supporting clean transport across the UK.
