Greig Maritime invests in battery company

Greig New Energy, a sustainable energy unit of Greig Maritime, said it is part of an investor group investing in battery company Nereida Energy.

IMAGE: Illustration of Greig Maritime's vessel Star Kirkenes. GT Wings

Greig New Energy, Nysno, Eviny and Westfal-Larsen are entering the company’s shareholder base through an NOK 32 million ($3.4 million) private placement.

Nereida offers battery solutions for many vessel types like service vessels, wellboats, ferries and offshore vessels. The battery system includes a proprietary control system and software platform.

Parent company Greig Maritime has previously partnered with UK-based engineering firm GT Wings to install wind-assisted propulsion systems (WAPS) on its cargo vessel, Star Kirkenes.

By Nachiket Tekawade

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