Will We See Batteries Powering Large Container Ships?

Neme Jimenez/iStock via Getty Images By Christopher Gannatti, CFA When it comes to batteries, automobiles have stolen the lion’s share of our attention. From there, people may think about smaller devices that also use batteries. But many of us would assume that there are obstacles to the wide-scale use of batteries to power large ships or planes. Maritime Shipping: Lots of Pollution and Regulations are on the Horizon Maritime shipping is responsible for transporting roughly 11 billion tons annually, which accounts for 90% of global trade by mass. This is done through the consumption of about 3.5 million barrels of low-grade heavy fuel each year.1 This fuel contributes significantly to pollution. How much pollution? One estimate placed the contribution of ships to human-generated carbon dioxide in 2018 at 2.5%. By 2050, ships could be responsible for as much as 17% of total carbon…

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