Clean maritime solutions innovation centre Maritime CleanTech, together with ten European partners, recently said it has launched SeaThrive (Supporting Maritime Alternative Fuel Projects), a new initiative to accelerate the development of alternative fuel projects in shipping. The 30-month project is coordinated by Maritime CleanTech and kicked off in Brussels on May 20 and 21, 2026. Supported by nearly EUR 2 million in EU funding, SeaThrive will help turn early-stage ideas into viable investment projects by providing targeted support, practical tools and knowledge to industry stakeholders. “SeaThrive aims to move promising fuel projects from early uncertainty to investment-ready decisions by combining better tools with hands-on project support,” said Håvard Tvedte, Interim CEO of Maritime CleanTech. As the industry transitions to low- and zero-emission fuels, projects often face financial and regulatory barriers. SeaThrive focuses on overcoming these challenges by strengthening early stage project development. SeaThrive supports the critical early phases of project development, where key decisions on fuel choice, location and business model are made. Through training, workshops, advisory services and matchmaking, the project will help mature projects towards funding and implementation. The consortium will organise more than 15 workshops across Europe, develop online training reaching over 10,000 participants, and support more than 20 project proposals for potential funding. A second central element of SeaThrive is the development of an advanced financial analysis tool for alternative fuel projects. It will provide stakeholders with a clearer understanding of total costs, including CAPEX, OPEX and regulatory compliance, as well as impacts on operations and business models. This will enable better assessment of risks, costs and revenue potential, supporting stronger investment decisions.   Photo credit: Maritime CleanTech Published: 25 May, 2026