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

Petronas Awards Estuary Cluster PSC to Harvester Energy

ABS Backs Hanwha Ocean’s Standardized FPSO Design

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

Iran Outlines Terms for Restoring Hormuz Shipping

BP Completes Central Azeri Platform Maintenance, Ramps Up Production

TGS Extends Work on Indonesia’s Largest Seismic Acquisition Project

McDermott Gets ADNOC’s ‘Mega Contract’ to Advance Umm Shaif Field

ONGC Nears Venezuela Operatorship Deals, Regains Russia’s Sakhalin-1 Stake

Fugro Secures India Deepwater Drilling ROV Contract

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

Current News

SED Energy Holdings and Ventura Offshore Set to Combine Ops

Asia's Oil Industry Braces for Prolonged Hormuz Disruption

Petronas Awards Estuary Cluster PSC to Harvester Energy

ABS Backs Hanwha Ocean’s Standardized FPSO Design

Larsen & Toubro Adds Major ONGC Offshore Project to Orderbook

Energean’s Profit Rises as Israeli Gas Operations Recover

Saipem Bags Commissioning Contract for Türkiye-Bound FPU

Oil Jumps as Houthi Strikes Disrupt Saudi Energy Operations

Petronas Turns to AI to Accelerate Upstream Investment

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

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