Overview
Global marine shipping, which transports around 90% of world trade, emits around 1000 Mt of CO2 annually and is responsible for about 2.5% of global greenhouse gas emissions which is comparable to a major national economy such as the UK, Germany or South Korea. As seaborne trade is predicted to increase by 70% until 2030, and shipping emissions are predicted to increase between 50%-250%, innovation in technology is needed to reduce carbon footprint of vessels.
Aris Pump Ltd. developed H2MOVE, safe small foot-print hydrogen generator to be installed into engines of marine vessels to significantly improve performances, delivering 35% less air pollution, 30% better fuel efficiency and consequently 30% fuel cost saving with a safe hydrogen technology.
The feasibility assessment will concentrate on preparing a pilot in the segment of marine engine applications, improving the electrolysis technology and validating the scale-up strategy of the H2MOVE engine. Phase 1 will develop the IP management strategy for EU and worldwide commercialization, prepare financial projections and assess sale agreements on global scale. A key activity will be identifying and discussing commercial partnerships with selected marine engine manufacturers, to reach target users i.e. vessel owners or operators.