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

CIP Reaches Financial Close for Offshore Wind Farm in Taiwan

ORE Catapult and Japan’s FLOWRA to Jointly Advance Floating Wind

Second Hai Long Substation Heads to Project Site Offshore Taiwan

Shell Predicts 60% Rise in LNG Demand by 2040 with Asia Leading the Way

Eco Wave Finds Partner for Wave Energy Project in India

Japan's Mitsui Eyes Alaska LNG Project

US Operator Finds Oil Offshore Vietnam

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

Shell Shuts Down Oil Processing Unit in Singapore Due to Suspected Leak

ABS Approves Hanwha Ocean’s FPSO Design

Current News

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Japan’s ENEOS Xplora, PVEP Ink Deal for Vietnam Offshore Block

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Valeura’s Assets in Gulf of Thailand Remain Operational After Earthquake

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

Woodside to Shed Some Trinidad and Tobago Assets for $206M

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Keel Laying for Wind Flyer Trimaran Crew Boat

MODEC Gets Shell’s Gato do Mato FPSO Ops and Maintenance Job

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