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STERLING PLANB AND NYK TRADING SIGN ESS DISTRIBUTION DEAL

STERLING PLANB AND NYK TRADING SIGN ESS DISTRIBUTION DEAL

Monday, May 17, 2021 

NYK Trading Corporation, the trading company of the NYK Group and Sterling PlanB are entering into an exclusive agreement for the sales and distribution of Energy Storage Systems (ESS) to the maritime industry in Japan.

This agreement will see Sterling PlanB benefit from the scale and resources of NYK Trading Corporation as an important commercial partner. NYK Trading Corporation is already an established supplier of marine fuel and lubricants oil, and mechanical instrumentation business globally, and strong links with Japanese shipowners, shipyards and technology integrators. This marks the move towards a low-carbon future, in line with NYK Trading Corporation’s investment in developing its solar energy business and other clean technology avenues.

NYK Trading Corporation aims to bring ESS propulsion to small vessels such as tugboats, short distance ferries and merchant vessels in the domestic Japanese maritime market. By using its business network as an established trading house in Japan, the company will establish a strong sales foundation for ESS and fuel cell suppliers and the battery propulsion market as a whole, as the maritime ESS market in Japan remains relatively immature.

Brent Perry, CEO, Sterling PlanB said: “With many major commercial shipping lines and shipyards based in Japan, we are honored and proud to be joining forces with NYK Trading Corporation to bring our ESS solutions to this market. With their scale and expertise, we look forward to working together to ensure that ESS and battery power is a major part of Japan’s clean shipping future.”

Keiji Tsuchiya, Representative Director, CEO, NYK Trading said: “Sterling PlanB has demonstrated that they are an innovative company that has made safety its top priority. We recognize the urgent need for shipping to reduce its carbon emissions, and as such, look forward to providing our customers with a world leading ESS solution.”

Sterling PlanB’s batteries meet DNV’s 2020 class rules for commercial vessel batteries, which substantially mitigates the risk of the spread of fire by eliminating the propagation of thermal runaway within a battery module.

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