Rolls-Royce Holdings Plc have begun offering its own battery-powered ship engines in a move that signals the gathering momentum behind a push toward hybrid and ultimately all-electric vessels.
While maritime demand for lithium-ion batteries is focused on providing top-up power for traditional diesel and gas-turbine ships, the technology could propel fully electric craft over a limited range, according to Rolls, which previously sourced such equipment from third-party providers. Branded SAVe Energy, the new system will be delivered from the group’s marine arm in Bergen, Norway.
Rainbow Rare Earths (LON:RBW) is a mining company focussed on production from, and expansion of, the high grade Gakara Rare Earth Project in Burundi, East Africa.
With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), Gakara is one of the world’s richest rare earth deposits. First production and sales to Rainbow’s offtake partner, thyssenkrup Raw Materials, commenced in Q4 2017.