The recently announced introduction of the Poseidon Principles which is a global framework for assessing and disclosing the climate alignment of financial institutions’ shipping portfolios has been appreciated by Eco Marine Power (EMP). These principles will also have a strong emphasis on zero emissions and EMP’s renewable energy solutions and design concepts that are ideally suited to meet this challenge. For example EMP’s Aquarius Marine Solar Power is now available and was recently installed on a large cargo ship. This solar power system designed for ships provides vessels with an emissions free source of energy that can also supplement emergency or back-up power. The solution uses a computer management system which also logs fuel consumption and calculates vessel emissions.
Another example in developing zero-emission solutions from EMP is the Aquarius Eco ShipTM. This is an ongoing low-emission concept design project which was 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®. Currently these zero-emission power & propulsion solutions are being readied for sea trials and are also 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.”