Feasibility Analysis of Hydrogen Implementation In The Norwegian Fishing Fleet Industry

Abstract This thesis explores the financial and risk implications of transitioning from traditional diesel engines to hydrogen propulsion systems within the Norwegian fishing fleet industry. The study aims to assess the feasibility and benefits of hydrogen as a sustainable alternative to diesel. It considers various factors such as emissions, fuel consumption, lifetime engine costs, generated income, and risk management. The findings indicate that while hydrogen propulsion systems entail high initial investment and infrastructure challenges, they offer significant long-term cost savings and environmental benefits. The analysis emphasises the importance of government support, strategic planning, and phased implementation for successfully transitioning to hydrogen-powered vessels.