Cavotec CEO Mikael Norin has recorded a video message in which he speaks about our performance in 2021 and the success of our focus on cleantech solutions for ports and industrial applications, and how Cavotec is now at an inflection point, where previously niche markets are becoming mass markets.
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.
We’re always on the lookout for great ideas, so we’re delighted to be sponsoring the upcoming PortTechEXPO in Los Angeles that brings together innovative clean technologies from around the world with the business community. Here's more on this exciting event.
