Cavotec wins repeat cleantech orders worth EUR 3 million to equip container ships with shore power connections
Cavotec wins repeat cleantech orders worth EUR 3 million to equip container ships with shore power connection.
Cavotec wins repeat cleantech orders worth EUR 3 million to equip container ships with shore power connection.
Cavotec has won a series of orders in the second quarter with a total value of EUR 5M to equip the world’s largest new-build container ships with ShorePower systems. This is in addition to EUR 3M in orders secured in the first quarter. These systems enable dramatic pollution reductions and are the latest example of how we are enabling the decarbonization of the global ports and shipping sector.
The fast-growing market for electrification and automation of ports worldwide is estimated to be worth several billion euros in the coming years. Cavotec will invest EUR 20M in technology, engineering and business development over the next five years to strengthen its leading position and meet the expected demand. The global Cavotec team will grow by 60%, with two thirds being engineers.
Cavotec is a leading cleantech company that designs and delivers connection and electrification solutions that enable the decarbonisation of ports and industrial applications. Backed by more than 40 years of experience, we provide systems that ensure safe, efficient and sustainable operations for a wide variety of customers and applications worldwide.
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