EMP Applauds Poseidon Principles

Laxman Pai
Thursday, June 20, 2019

Japan-based Eco Marine Power (EMP), a company develops and markets renewable energy based systems for ships and other vessels, has applauded the recently announced introduction of the Poseidon Principles – a global framework for assessing and disclosing the climate alignment of financial institutions’ shipping portfolios.

EMP said that these principles will also have a strong emphasis on zero emissions and EMP’s renewable energy solutions and design concepts are ideally suited to meet this challenge.

EMP’s Aquarius Marine Solar Power for example is available now and was recently installed on a large cargo ship. This solar power system for ships provides vessels with an emissions free source of energy that can also supplement emergency or back-up power.

The computer management system used for this solution also logs fuel consumption and calculates vessel emissions.

Another example of EMP’s leadership role in developing zero-emission solutions is the Aquarius Eco ShipTM. This ongoing low-emission concept design project begun in 2012 and has led to the development of a number of innovative renewable energy solutions for ships including the patented EnergySail and Aquarius MRE.

These zero-emission power & propulsion solutions are currently being readied for sea trials and are suitable for a wide range of ships including bulkers, tankers, cruise ships and RoRo vessels.

Commenting on the news of the Poseidon Principles, Greg Atkinson, Chief Technology Officer at Eco Marine Power said, “The linking of shipping finance with environmental standards by a number of global banks will help encourage the building of more energy efficient ships.

He added, “In the near future I also hope the Poseidon Principles will take into account the protection of the overall marine environment including waste water discharges & waste management.”

Categories: Shipbuilding Renewable Energy Batteries Ship Design

Related Stories

Offshore Service Vessels: What’s in Store in 2025

Global OTEC Presents OTEC Power Module for Remote Offshore Platforms

CRC Evans Secures Work at Qatar’s Largest Offshore Oil Field

East Timor Eyes Chinese Partners for Stalled Greater Sunrise Gas Development

SBM Offshore’s FPSO for ExxonMobil’s Guyana Oil Project Takes Final Shape (Video)

ADES Buys Two Jack-Ups from Vantage Drilling in $190M Deal

Santos Pens Mid-Term LNG Supply Deal

1.1 GW Floating Offshore Wind Farm earns Key Approval

CNOOC Posts Record Interim Profit

Izomax Wins a Milestone Contract with Shell

Current News

Offshore Service Vessels: What’s in Store in 2025

ABS Approves Hanwha Ocean’s FPSO Design

AI & Offshore Energy: The Higher the Stakes, the More Value AI Creates

Floating LNG Conversion Job Slips Out of Seatrium’s Hands

Transocean’s Drillship to Stay in India Under New $111M Deal

INEOS Picks Up CNOOC’s US Assets in $2B Deal

Sunda Energy, Timor-Leste Gov Plan Accelerated Chuditch Gas Development

RINA to Conduct Pre-FEED Study for Petronas’ CCS Project in Malaysia

TotalEnergies Wraps Up Acquisition of SapuraOMV’s Gas Assets

Kuwaiti Oil and Gas Firm Exploring More Opportunities in Indonesia's Natuna Sea

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com