Karpowership

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https://www.karpowership.com/

Last activity: 28.10.2026

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Categories: CleanerCorporateEnergyTechFastIndustryInvestmentOwnStorageSupplyTechnology

We are Karpowership, the inventors and pioneers, the fastest, cleanest and most affordable option fo

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Followers

25.57K

Website visits

9.5K /mo.

Mentions

Overview

Location

United Arab Emirates, Dubai

Employees

1001-5000

Total raised

$400M

Founded date

2019

Funding Rounds 1

Date	Series	Amount	Investors
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Mentions in press and media 27

Date	Title	Description
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Oct 23, 2026	Seatrium and Karpowership Sign Contract for a Series of Whale Class Powership Conversion and Integration Projects	SINGAPORE, Oct. 23, 2026 /PRNewswire/ -- Seatrium Limited and its strategic partner, floating power leader Karpowership, have strengthened their longstanding collaboration with the award of a contract for the development, major conversion a...
Oct 5, 2026	Seatrium and Karpowership Extend Collaboration with Ninth FSRU Conversion	SINGAPORE, Oct. 5, 2026 /PRNewswire/ -- Following the successful naming and sail away of LNGT Türkiye, Seatrium Limited ("Seatrium" or the "Group") and its strategic partner Karpowership are advancing their long-standing...
Sep 30, 2026	Kinetics Expands Fleet with Acquisition of Vessel for Conversion into New FSRU	LONDON, Sept. 30, 2026 /PRNewswire/ -- Kinetics today announced its decision to further expand its LNG infrastructure fleet through the conversion of the LNG carrier Arctic Voyager into a Floating Storage and Regasification Unit (FSRU) to b...
Jul 8, 2026	Kinetics, a Karpowership Initiative, Begins Construction of Its First High-Capacity FSRU	LONDON, July 8, 2026 /PRNewswire/ -- Kinetics has reached a major milestone in the expansion of its floating LNG infrastructure portfolio with the start of construction of LNGT Karadeniz, its first high-capacity Floating Storage and Regasif...
Jun 30, 2026	Karpowership Expands Global Fleet with New 300 MW "Sea Lion" Class Powerships	ISTANBUL, Türkiye, June 30, 2026 /PRNewswire/ -- Karpowership has reached another milestone in the expansion of its global fleet with the commencement of construction on its new "Sea Lion" class Powerships. A steel-cutting ceremon...
Nov 16, 2025	Karpowership: $400 Million In Oversubscribed Syndicated Portfolio Financing Closed	Karpowership has completed a significant financial milestone with the closing of a $400 million syndicated facility for its affiliate Sea World Energy Holdings Limited. The Mauritius Commercial Bank served as the Sole Mandated Lead Arranger...
Nov 6, 2025	Kinetics Successfully Completes $400 Million Bond Issuance, Strengthening Its Position as a Transparent and Recognized Capital Markets Participant	LONDON, Nov. 6, 2025 /PRNewswire/ -- Kinetics, a Karpowership initiative, has announced the successful completion of a $400 million 4-year senior secured bond issuance, marking an important milestone in its financial strategy and long-term ...
Aug 14, 2025	Karpowership and Seatrium Launch LNGTS Americas and Sign LoI for Next-Gen Floating Power Projects	ISTANBUL, Aug. 14, 2025 /PRNewswire/ -- Karpowership and Seatrium have celebrated the naming of Karadeniz LNGTS Americas, the fifth member of Karpowership's LNG Terminal Ship (LNGTS) fleet. The ceremony also saw both companies sign a s...
Jul 31, 2025	Court torpedoes R200-billion Karpowership plan for good	A Karpowership vessel is seen in this file photo. Image: Supplied A plan to station floating power-generation ships in three South African ports, a project championed by former energy minister Gwede Mantashe, is dead in the water. This is a...
May 7, 2025	The Shifting Sands of Industry: Navigating Uncertainty and Innovation	In the world of business, uncertainty is a constant companion. Companies often find themselves at the mercy of external forces, from trade policies to environmental regulations. Two recent stories illustrate this dynamic: BASF, a giant in t...
May 6, 2025	Exterra Carbon Solutions Raises $20M Series A to Transform Mining Waste into Low-Carbon Critical Minerals & CO2 Sequestration	Exterra Carbon Solutions (Exterra), a Canadian cleantech innovator transforming legacy mining waste into high-value, sustainable materials, today announced the closing of a CAD $20 million Series A financing round. The round was co-led by C...
Oct 14, 2024	Karpowership deal is dead	South Africa’s deal with Karpowership to supply electricity to the country is “dead in the water”, electricity minister Kgosientsho Ramokgopa said. The company that’s a unit of Turkey’s Karadeniz Energy Group won a government auction three ...
Aug 30, 2024	Karpowership has announced a partnership with the World Bank’s Women in Energy Network Africa initiative (WEN-Africa) to increase female employment in Africa’s energy sector.	This new partnership aims to advance gender equality within Africa’s energy sector, bolstering employment opportunities for women across at least ten countries and fostering a more inclusive and sustainable future. Aligned with the World Ba...
Aug 15, 2024	International energy leader Karpowership announces $1 billion LNG-to-power investment in South African power pool	Karpowership, a major international energy company renowned for its innovative solutions, has announced its plans to invest a transformative $1 billion of LNG-to-Power infrastructure that will be based in Mozambique and made available to th...
Apr 4, 2024	How Outa waged a protracted war on e-tolls – and won	Outa CEO Wayne Duvenage Outa was founded in March 2012. At the time, the Opposition to Urban Tolling Alliance – as it was known originally, before a 2016 name change – was focused exclusively on halting government’s decision to introduce e-...
Nov 1, 2023	Funding problems hit South Africa’s new power projects	South Africa’s hopes for a raft of new power projects to help it out of a crippling energy crisis are fading, with investment still elusive as an already extended funding deadline looms, government officials, companies and bankers have said...
Oct 27, 2023	Karpowership gets green light for Richards Bay plant	A Karpowership vessel is seen in this file photo. Image: Supplied Karpowership has won environmental authorisation for one of three ship-mounted power plants it wants to connect to the South African grid, a key step in fulfilling a contract...
Sep 6, 2023	Karpowership donates KZN game farm to ease approvals	A Karpowership vessel is seen in this file photo. Image: Supplied Karpowership has bought and donated a game farm to a provincial wildlife authority in a bid to ease environmental approval for one of the three gas-fired power plants it want...
Aug 2, 2023	Eskom cracks down on ‘capacity hogging’	Eskom has imposed conditions to access the national grid on 1.85GW worth of projects in South Africa that developers including Karpowership and Électricité de France have struggled to complete since they were awarded in March 2021. The righ...
Jul 12, 2023	Stalled 1.8GW in power projects risk losing grid access	A Karpowership vessel is seen in this file photo. Image: Supplied Companies yet to complete financing arrangements to build 1.85GW of power generation capacity in South Africa in terms of a government tender in 2021 may lose the right to co...
May 22, 2023	Mantashe ready to go to battle for power ships	Government is prepared for legal fights with environmental groups over its plans to use ship-mounted power plants to resolve South Africa’s blackout crisis, the energy minister told the Sunday Times. “Environmentalists veto every developmen...
May 19, 2023	Karpowership secures mooring rights in South Africa	Karpowership, the Turkish company seeking to supply electricity to South Africa, secured government permission to moor its ship-mounted power plants at three of the country’s harbours. A dispute with the port operator may delay or thwart on...
Mar 31, 2023	Eskom may source electricity from Karpowership via Maputo	Eskom is considering buying electricity from a Karpowership plant to be located offshore from Mozambique after declining to sign agreements to procure power from facilities the Turkish company planned to moor off the South African coast. Th...
Mar 14, 2023	Karpowership still keen to invest in South Africa despite setbacks	Karpowership, the Turkish company seeking to supply 1.2GW of electricity to South Africa, said it doesn’t plan to abandon its work in the country even after setbacks to all three projects. The department of forestry, fisheries & the env...
Mar 8, 2023	Setback for Karpowership as Coega appeal is rejected	Karpowership, the Turkish company seeking to supply 1.2GW of electricity to South Africa, had one of three appeals against adverse environmental rulings rejected, a person with knowledge of the matter said, potentially delaying a solution t...
Feb 28, 2023	Karpowership demands retraction from De Ruyter over TV interview	Karpowership, the Turkish company seeking to supply power to South Africa, said it will demand a retraction from André de Ruyter, the former CEO of Eskom, because it said he had inferred the firm was corrupt. The company, which generates el...

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FAQ about Karpowership

When was Karpowership founded?

Karpowership was founded in 2019.

How much funding has Karpowership raised?

Karpowership has raised $400M in total across 1 funding round.

What has the press written about Karpowership?

Parsers VC has collected 27 articles mentioning Karpowership, among them “Seatrium and Karpowership Sign Contract for a Series of Whale Class Powership Conversion and Integration Projects” (Oct 23, 2026) and “Seatrium and Karpowership Extend Collaboration with Ninth FSRU Conversion” (Oct 5, 2026).

Is Karpowership still active?

Yes, Karpowership is active; its latest activity on Parsers VC dates from Oct 28, 2026.