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

Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CIP Reaches Financial Close for Offshore Wind Farm in Taiwan

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

China Unveils Plans for New Offshore Wind Farms to Tackle Carbon Emissions

Marine Masters Secures Wellhead Platforms Installation Job Off India

Eco Wave Finds Partner for Wave Energy Project in India

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

BP Targets 44% Oil, 89% Gas Increase from India’s Mumbai High Field

Current News

Mubadala Energy Open to Sell Andaman Gas for Domestic Use

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

ABS Greenlights SHI’s Multi-Purpose Deepwater LNG Floating Unit

Turkey Discovers New Black Sea Gas Reserve

Indonesia's Medco Starts Production at Natuna Sea Fields

Indonesia Grants Approval to Kuwaiti Firm for Anambas Block in Natuna Sea

ADNOC’s XRG Partners Up with Petronas for Offshore Gas Block in Caspian Sea

Valeura Energy Greenlights Wassana Oil Field Redevelopment off Thailand

Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

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