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Smart Green Shipping announces £ 5m investment in FastRig wing sail technology

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SGSA modified Panamax ship

A three-year project backed by the Scottish Government and industry will develop and test fully automated emission reduction sailing technology that can be retrofitted to merchant ships.

  • The three-year joint R & D project brings together key industry players such as Marine, Drax, Peelport and Lloyd’s Register.
  • Wind Technology Project will provide demonstrator on commercial vessels by 2023
  • Smart Green Shipping’s FastRig automatic sailing technology is compatible with up to 40,000 vessels currently operating in the Merchant Navy, delivering at least 20% fuel savings and associated GHG savings.
  • Lloyd’s Register has granted Phase 1 approval as a principle of FastRig technology

Smart Green Shipping (SGS) today launches a £ 5 million R & D project on digital routing software that leverages fully automated FastRigs wing sail technology and wind power to bring significant fuel and emission savings to the shipping industry. have started. The joint three-year program was made possible by an investment of £ 3.2 million from the private sector and an additional £ 1.8 million from Scottish companies.

“The Scottish decision to support this project shows that wind technology has the power of the maritime nation behind it. Shipping uses the power of wind,” said Diane Gilpin, founder of SGS. With a long history, digital technology allows us to work towards zero Smart Green Shipping FastRig Wing Sail Technology is financially and technically to support the green transition of shipping. Provides a robust solution to. “

Scottish Business Minister Ivan McKee said: Transport is zero. “

During the course of the project, SGS will first test the FastRig wing sail at the Peelport Hunterston Port and Resource Center onshore site in collaboration with Clyde-based professional engineering partner Marin.Further develop weather routing TradeWind software This will create a route plan for optimizing the wind. After successful land testing, the demonstrator on board will be tested by 2023.

Leading industry partners include Drax, Malin, Peel Ports and LR. Together with SGS naval architects, they consult with crew and marine engineers to optimize technology and design to ensure easy modifications and cargo access during port operations.

Will Gardiner, CEO of Drax Group, said: Drax is a long-term partner for smart green shipping. We are excited about their wind-assisted sailing techniques and the potential impact these techniques have on the supply chain. ”

Lloyd’s Register has granted Phase 1 approval as a principle of FastRig technology to enhance the ship’s powertrain.

Tom Wolodaski, Lloyd’s Register’s Department of Wind Propulsion Systems Technology, said:

“LR is dedicated to supporting the development and safe adoption of green technology that contributes to the decarbonization of the maritime sector, and FastRig Wing Sail Technology helps shipowners transition, providing a guarantee to the industry. We have successfully completed the first phase of approval in the Technology Principles, which helps to demonstrate that WAPS technology is a safe and viable option that complies with established and independent standards. “

FastRig technology is expected to be the most profitable 40,000 vessels World Merchant Navy-Mainly bulk carriers and tanker vessels. Modeling testThe technology, implemented by SGS in collaboration with the Wolfson Unit at the University of Southampton, shows that modifications can save at least 20% and GHG, and new small and medium-sized vessels can save up to 50%. I am. ship.

Ben Potter, director of Malin Equipment, which provides manufacturing capabilities and professional engineering input to FastRig demonstrator, said: About local inventions to create rugged, rugged and reliable equipment. Easy to retrofit, it provides world shipping with a true short-term emission solution to revolutionize the industry. “

This three-year project will use a number of technology, digital, and funding solutions to address barriers to the industry’s widespread adoption of technology. In addition to creating contracts with renewable energy financial providers to fund the introduction of technology on board, the SGS team offers insurance products that give merchants confidence in predictable economic benefits. I am developing.

TradeWind tools are ideal for collecting data that enables vessels to maximize wind on their trips, optimize vessel routing to minimize fuel consumption, and arrive at ports at designated times. Has been converted. This ensures compatibility with just-in-time arrival operations. The data from Tradewind can be used not only to support charter contracts, but also to secure private funding for leasing technology.

FastRigs technology has been developed with the industry with the support of Innovate UK and the Institution of Mechanical Engineers for a year. Feasibility study In 2018, in-depth discussions were held with the broader shipping industry to overcome obstacles to adopting innovation, such as funding mechanisms. In 2019, SGS worked with the European Space Agency’s Business Incubation Center to develop digital tools for predicting and optimizing wind use in transportation.

Notes to editors

Media can watch live stream of launch on July 28th at 15:30 pm here

Download photos and videos of SGS founder Diane Gilpin and FastRigs technology here

About SGS

Smart Green Shipping was founded in 2014 by Diane Gilpin to develop physical and technical solutions to reduce emissions from the global shipping industry, in shipping, high-value manufacturing, data science, and finance. We have brought together a team of specialists with a background. From shipowners and operators to investors and cargo owners, the company is committed to the entire shipping ecosystem to design environmentally, commercially and technically viable vessels.

Learn more about how FastRigs technology and TradeWind solutions work here..

For press inquiries, please contact Namrata Nadkarni of Intent Communications Ltd.