The agreement sees the involvement of the two companies in initiatives related to technology scouting, the analysis, study and simulation of new fuels and energy vectors – in particular hydrogen and ammonia – and carbon capture. The collaboration will also include Approval in Principle (AiP) activities, a risk-based approach to classification that allows new designs and concepts to be validated on the basis of safety equivalence, and the qualification of innovative projects and technologies.

In the field of renewable energy, the two companies will focus on offshore wind power plants and technological solutions for wave energy. RINA and Fincantieri will also co-participate in EU-financed R&D projects and engage in the development of “green finance.”

“RINA and Fincantieri share a common ancestry with our commercial roots both beginning in the naval sector. In addition, we share the same passion to create a sustainable industry, and that is why I am both pleased and proud to announce the closer collaboration between the two companies,” said Ugo Salerno, chairman and CEO of RINA.

“Being leaders in multiple sectors brings with it the responsibility to act in a sustainable way. It is in our interest to ensure a combination of competitiveness and sustainability, profit and innovation, at all levels,” said Giuseppe Bono, CEO of Fincantieri. “We want to play an active role in promoting a low-carbon circular economy by reducing the direct impact of our operations, developing sustainable products and services and working with institutions and partners like RINA”.