• News
  • Technology
  • Culture
  • Entertainment
  • Sport
  • Travel
  • Music
  • More
    • Politics
    • Lifestyle
    • TV
    • Games
Thursday, February 2, 2023
  • Login
No Result
View All Result
NEWSLETTER
FINCHANNEL
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • America
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • CityLife
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • America
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • CityLife
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
No Result
View All Result
FINCHANNEL
No Result
View All Result
ADVERTISEMENT
Home Economic

Shipping Industry Reduces Carbon Emissions with Space Technology

by The FINANCIAL
August 11, 2021
in Economic
0
CEZ Fund’s New Investment Helps Increase the Efficiency and Ecology of International Freight
Share on FacebookShare on Twitter

The FINANCIAL —  A UK start-up is using satellite data to develop technology that will help the shipping industry reduce its CO2 emissions.  90% of everything we consume is moved by sea. As world trade continues to grow, there is an increasing number of ships crossing our oceans, each using vast amounts of energy, UKRI notes.

The shipping industry is responsible for around 940 million tonnes of CO2 annually, which is at least 2.5% of the world’s total CO2 emissions.

Cutting CO2 emissions by 50%

RelatedPosts

If a blockchain became more critical to the financial system, how should it be governed?

China: Domestic and External Conditions are Leading to a Weakened Economic Outlook

EBRD and FAO mark 25 years of cooperation with US$ 5.5 million initiative

Remittances Grow 5% in 2022, Despite Global Headwinds

The International Maritime Organization has set a target for it to cut these emissions by 50% by 2050.

The UK government is the first in the world to include emissions from international shipping in its domestic carbon budget.

To help the shipping industry rise to the greenhouse gases challenge, UK company, Smart Green Shipping (SGS) has developed a wind-assist power solution based on America’s Cup wing sails.

Smart vertical aerofoils

Its ‘FastRigs’ system involves a series of ‘smart’ vertical aerofoils mounted on vessels.

The aerofoils are paired with a sophisticated analysis system that can accurately calculate the available wind to any ship, across any trade route at different speeds.

It aims to reduce fuel consumption by at least a fifth initially and building on that as the technology progresses.

Space tech meets wind power

SGS has been using meteorological and satellite technology at the European Space Agency’s Business Incubation Centre UK (ESA BIC UK).

The technology will help to develop the prototype for this state-of-the-art digital software for this wing sail system.

This digital software can provide projected annual fuel savings accrued, whether that is through retrofitting the technology into an existing ship, or as part of a new-build design, according to UKRI.

This enables project partners to finance the greenhouse gas-saving technology.

Intelligent wing sails

It also makes the wing sails ‘intelligent’ by:

sensing when to turn to make the most of the wind angle and speed
retracting when approaching a bridge, or when wind speeds present a danger.
It does all this autonomously meaning there is no need for any additional crew to operate.

About ESA BIC UK

The ESA BIC UK is part of the world’s largest business incubation programme for start-ups that are using space or satellite technologies to develop new products and services.

It is managed, and partly funded, by the Science and Technology Facilities Council, in collaboration with:

ESA Space Solutions
UK Space Agency
University of Leicester.
It sets out to help small businesses develop game changing products and services for an increasingly competitive, global marketplace.

To date it has incubated nearly 100 start-up companies, and SGS is the latest company to have graduated from the programme after completing a two-year support programme.

Solving industrial and environmental challenges

Diane Gilpin, Founder and CEO of SGS, said:

Wind is free, clean and abundantly available to ships that are equipped to harness it.

Our modern wind-assist solutions are highly advanced and optimised to enable the shipping industry to start driving down emissions immediately.

For SGS, the ESA BIC UK support over the last two years has been of key strategic importance to our mission, to drive the uptake of renewables in the maritime industry using wind power.

The development of our digital tool is critical to our efforts to support ship owners assessing the commercial viability of installing wind-assist solutions on their ships.
Dr Sue O’Hare, Operations Manager at the ESA BIC UK, said:

Combining satellite technology with wind power in a mission to reduce CO2 emissions in the global shipping industry is an inspirational example of how space can help address both our environmental and industrial challenges.

I’m thrilled to have supported SGS in the development of such pioneering technology and wish it every success as it takes its business to the next level.
Join the ESA BIC UK

The ESA BIC UK is a UK-wide programme, incorporating:

Harwell Campus in Oxfordshire
Sci-Tech Daresbury in the north-west
Royal Observatory in Edinburgh
the new Space Park Leicester.
Each location is firmly associated with world-leading specialisms that companies joining the programme can benefit from.

Part of the ESA Space Solutions network of successful ESA BICs across Europe, the ESA BIC UK provides up to 15 start-ups every year with a combination of:

funding
access to world-leading technical expertise, facilities and business development support.
This is in addition to the benefits that being part of a flourishing and unique network of science and innovation campuses can bring.

Tags: BusinesssateliteshippingTechnology
ADVERTISEMENT
The FINANCIAL

The FINANCIAL

Since 2005

Related Posts

Blockchain technologies have potential to add $1.76 trn to global GDP by 2030
Economic

If a blockchain became more critical to the financial system, how should it be governed?

by The FINANCIAL
December 21, 2022
0

The FINANCIAL -- Distributed ledger technology (DLT) could reshape finance. But current approaches to how some blockchains (a form of...

Read more
New ADB Project to Showcase Elderly Care Options in the PRC

China: Domestic and External Conditions are Leading to a Weakened Economic Outlook

December 20, 2022
Serbia steps up partnership with FAO and EBRD for stronger agriculture

EBRD and FAO mark 25 years of cooperation with US$ 5.5 million initiative

December 20, 2022
Proponents of higher skilled migration intake in Germany outnumber opponents two to one

Remittances Grow 5% in 2022, Despite Global Headwinds

December 18, 2022
Next Post
Lenders continue to provide financial support for customers impacted by Covid-19

5 Ways to Get Money Fast for Your Small Business

Please login to join discussion
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Vaccination

How many people died after COVID-19 Vaccination?

November 20, 2021
How to Check KRA Pin Using ID Number

How to Check KRA Pin Using ID Number

June 25, 2018
Full-dose blood thinners not a cure for critically ill COVID-19 patients

How many people have died as a result of a COVID-19 vaccine?

October 4, 2021
Rishi Sunak’s billionaire wife also runs these three companies. 

Rishi Sunak’s billionaire wife also runs these three companies. 

October 25, 2022
Startled sherman furnished repair gang kansas

Startled sherman furnished repair gang kansas

0
Ft. trace falling nixon recovery sacred

Ft. trace falling nixon recovery sacred

0
FIFA 16 review: A mammoth footy bit of magic

Prepare mounted cited perspective

0
Protest threatened hurt conferences observation precise

Protest threatened hurt conferences observation precise

0
Ukraine billionaire Ihor Kolomoisky targeted in new anti-corruption swoop

Ukraine billionaire Ihor Kolomoisky targeted in new anti-corruption swoop

February 1, 2023
Marburg vaccine shows promising results in first-in-human study

Marburg vaccine shows promising results in first-in-human study

January 30, 2023
Maintenance Tips for Fire Extinguishers

Maintenance Tips for Fire Extinguishers

January 30, 2023
EBRD will issue a loan to help GOGC refinance a $250 Mln Eurobond

EBRD invests €218 million in the Georgian economy

January 30, 2023

Popular Last 24h

  • EasyJet to fly to London from Stockholm Arlanda

    The London Diplomatic List, Addresses, Contacts & Working Hours

    0 shares
    Share 0 Tweet 0
  • Chinese DJI Drone Business is Blooming in Russo-Ukrainian War

    0 shares
    Share 0 Tweet 0
  • How to Check KRA Pin Using ID Number

    0 shares
    Share 0 Tweet 0
  • YouPorn made TikTok like app for adults

    0 shares
    Share 0 Tweet 0
  • Ukraine billionaire Ihor Kolomoisky targeted in new anti-corruption swoop

    0 shares
    Share 0 Tweet 0
  • Kvaratskhelia Football Dynasty: Mamia, Badri, Khvicha and Tornike

    0 shares
    Share 0 Tweet 0
  • UK Government has ordered to freeze assets of additional 300 persons related to ISIL and AL-QAIDA

    0 shares
    Share 0 Tweet 0

LATEST POSTS

Ukraine billionaire Ihor Kolomoisky targeted in new anti-corruption swoop

Ukraine billionaire Ihor Kolomoisky targeted in new anti-corruption swoop

February 1, 2023
Marburg vaccine shows promising results in first-in-human study

Marburg vaccine shows promising results in first-in-human study

January 30, 2023
Maintenance Tips for Fire Extinguishers

Maintenance Tips for Fire Extinguishers

January 30, 2023
EBRD will issue a loan to help GOGC refinance a $250 Mln Eurobond

EBRD invests €218 million in the Georgian economy

January 30, 2023
Chinese DJI Drone Business is Blooming in Russo-Ukrainian War

Chinese DJI Drone Business is Blooming in Russo-Ukrainian War

January 30, 2023
Protected: Jason Colodne and Colbeck Capital Management Support Stand Up for Homes with Hope

Protected: Jason Colodne and Colbeck Capital Management Support Stand Up for Homes with Hope

January 30, 2023
What are the top 3 strategies for business automation?

Protected: Want Loyal Employees? Do This

January 26, 2023
Fugitive Extradited from Cameroon to the United States to Serve 80 Year Prison Sentence

Second Bank Employee Admits Role in Fraud Conspiracy

January 25, 2023
Sussex County Woman Sentenced to 34 Months in Prison for Concealing Terrorist Financing to Syrian Foreign Terrorist Organizations

Sussex County Woman Sentenced to 34 Months in Prison for Concealing Terrorist Financing to Syrian Foreign Terrorist Organizations

January 25, 2023
Brooklyn Park Man Pleads Guilty to His Role in $250 Million Feeding Our Future Fraud Scheme

Brooklyn Park Man Pleads Guilty to His Role in $250 Million Feeding Our Future Fraud Scheme

January 25, 2023

LATEST INTERVIEWS

Russian Patriarch Kirill Says Dying In Ukraine ‘Washes Away All Sins’

Interview: Why Putin Might Prefer A Stalemate To Going Nuclear On Ukraine

by The FINANCIAL
October 22, 2022
0

Kvaratskhelia Football Dynasty: Mamia, Badri, Khvicha and Tornike

Kvaratskhelia Football Dynasty: Mamia, Badri, Khvicha and Tornike

by Tengiz Pachkoria
August 11, 2022
0

“Green business is a key instrument to support business development in a sustainable way”

“Green business is a key instrument to support business development in a sustainable way”

by The FINANCIAL
July 27, 2022
0

Running an environmentally friendly business helps to reduce impact on the environment

Running an environmentally friendly business helps to reduce impact on the environment

by The FINANCIAL
July 27, 2022
0

Georgian Industrial Group Continuing to Implement Energy Efficient Projects and Contribute to Sustainable Business Development

Georgian Industrial Group Continuing to Implement Energy Efficient Projects and Contribute to Sustainable Business Development

by The FINANCIAL
July 27, 2022
0

“We have planted under 50 000 trees and seedings”

“We have planted under 50 000 trees and seedings”

by The FINANCIAL
July 27, 2022
0

The Committee on the Environment and Natural Resources of Georgia – The Role of the Public Sector in Promoting Green Business

The Committee on the Environment and Natural Resources of Georgia – The Role of the Public Sector in Promoting Green Business

by The FINANCIAL
July 27, 2022
0

Leading the way for Green Corporate Culture, With 100-step Environmental Program Completed RMG enters the New Phase of Green Development

Leading the way for Green Corporate Culture, With 100-step Environmental Program Completed RMG enters the New Phase of Green Development

by The FINANCIAL
July 27, 2022
0

Newsletter

ADVERTISEMENT

GET IN TOUCH

E-mail your company news at:

news (at) financial.ge Letters to the Editor: editor (at) finchannel.com

Local Marketing contact:

(+99532) 2252 275 | 76 EXT: 1 (+995 558) 03 03 03 (mobile) marketing (at) finchannel.com

Requests from abroad:

(+99532) 2252 275 | 76 EXT: 7 (+995599) 96 52 52 Email: zviadi (@) finchannel.com Contact video editor: E-mail: video (at) financial.ge

Postal address: 17 Mtskheta str. Tbilisi, Georgia 0179 The FINANCIAL

RESOURCE

  • Work at the FINANCIAL
  • ePaper
  • Advertise in The FINANCIAL
  • Access ePaper
  • Guest posts
  • Contributed articles
  • AmericanStockNews
  • Coupon Codes
  • GLOSSY MAG
American Culture Center
ACC Partner

GUIDEBOOK

  • Meet our team
  • Invest in Georgia
  • Become contributor
  • Archive

FOLLOW US

  • Facebook
  • Twitter
  • Google+
  • Youtube
No Result
View All Result
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • America
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • CityLife
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.