Global Energy Ventures Ltd. announced it has entered into a Memorandum of Understanding (MOU) with Wärtsilä Australia Pty Ltd. (Wärtsilä) to develop the C-H2 Ship propulsion system. Objectives of the MOU: GEV and Wärtsilä will review the various low emission propulsion solutions, including use of alternate fuels, for application in GEV's proposed and proprietary hydrogen marine transportation vessels (C-H2 Ship). Cooperate on the potential inclusion of Wärtsilä's propulsion systems in GEV's C-H2 Ships, with the near-term objectives being: i. To advance GEV's Approval in Principle application with the American Bureau of Shipping for the 430 tonne C-H2 Ship; and ii. To demonstrate the availability and outlook for highly efficient and low emission propulsion systems for C-H2 Ships, including the integration of fuel cell applications to be provided by Ballard Power Systems.