The maritime industry is witnessing a surge in the installation of energy storage systems on vessels, with benefits including reduced fuel consumption, emissions, noise, and vibration during operations. The Maritime Battery Forum notes a significant increase in the number of vessels equipped with battery modules, promoting the advantages of hybrid propulsion for emissions reduction and enhanced efficiency. Developments in battery technology, highlighted by Corvus Energy and other industry players, involve improvements in energy density, longer shelf-life, and enhanced safety measures like cooling systems and remote monitoring. Notably, the industry is moving towards standardizing batteries in various ship types to promote sustainability. Industry events like the recently held Maritime Hybrid, Electric & Hydrogen Fuel Cell Conference in Bergen, Norway, and the upcoming Maritime Decarbonization Conference in Houston, Texas, signify a growing focus on sustainability, innovation, and environmental impact within the maritime sector. Companies in maritime hubs like Bergen are investing in battery technology and exploring gaps in competencies related to electronic components, electric motors, fuel cells, and green hydrogen storage, indicating a broader shift towards cleaner and more efficient maritime operations.