Norsepower Oy: Wind Power Ready to Support Decarbonisation in Shipping
Wind power is ready to be a part of meeting Paris-aligned greenhouse gas (GHG) reduction targets set by the International Maritime Organization (IMO) in April this year, auxiliary wind propulsion systems’ provider Norsepower Oy said.
When the issue of decarbonising shipping is raised at the IMO, it seems that all too often it is dismissed because the technology to reduce emissions is not ready, Tuomas Riski, Norsepower Oy CEO, explained.
However, a report by the International Transport Forum and the OECD, released last week, noted that almost complete decarbonisation is possible by 2035 with currently known technologies.
“Innovative efficiency solutions rolled out with innovative finance means 70% decarbonisation is possible by 2050 or sooner,” Riski said.
Norsepower Oy’s Rotor Sail Solution alone could drive a circa 5% reduction in total industry emissions and is complementary to other efficiency technologies vital to decarbonisation.
Rotor Sails may not already be installed on the 20,000 applicable vessels in the global fleet, but the company has a proven commercial product that could reduce emissions by 10-15% per ship. This does not limit the reductions that could be made by those ships, as multiple technologies sit happily alongside Rotor Sails, like hydrodynamic hull optimisation, heat recovery, and alternative fuels, Norsepower Oy informed.
“We hope that the IMO will recognise the potential savings offered by the clean technology community and set Paris Agreement-aligned GHG reduction targets at the upcoming MEPC 72 meeting.”
“As a clean technology provider, Norsepower is ready to support that future. The challenge for the industry is not the technology but the will to implement it,” Riski concluded.
Norsepower offers Rotor Sails under a ‘Technology as a Service’ model; rather than pay for a technology up front and install it on a vessel, costs are billed monthly at an amortised fee based on the achieved fuel savings.
This reduces the barrier to entry and provides the added benefits of a service agreement rather than a one-off purchase of a product.