Drift Energy has entered into an exclusive strategic framework agreement with Commenda Capital Partners to support the commercial deployment of at least 50 wind-powered hydrogen production vessels. The framework combines Drift Energy's vessel technology, intellectual property and customer development with Commenda Capital's expertise in maritime finance, special purpose vehicle structuring and project execution.
Under the agreement, Commenda Capital will act as Drift Energy's exclusive capital and project partner for the programme. Drift Energy will continue to lead vessel technology, intellectual property, hydrogen production systems, routing software, project origination and offtake development, while Commenda Capital will be responsible for capital structuring, investor engagement, debt and equity financing, special purpose vehicle establishment and project execution.
In 2026, Drift Energy received Approval in Principle from RINA for its energy-harvesting vessel. The programme is expected to attract more than US$500 million in project-level investment through project-specific financing vehicles.
