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FUELSAVE SIGNED

FS MARINE+: Hydrogen syngas injection unit for ships to save fuel and cut emissions

Total Cost €

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EC-Contrib. €

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Partnership

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 FUELSAVE project word cloud

Explore the words cloud of the FUELSAVE project. It provides you a very rough idea of what is the project "FUELSAVE" about.

200    cut    direct    fuelsave    overcoming    significantly    patents    ship    assistant    options    save    2012    hydrogen    19    company    protected    379    indirect    struggling    lease    prevent    economic    units    cash    sell    willingness    marine    pioneering    total    accessible    engineering    restricted    60    fuel    horizon    founded    gas    nox    engine    2020    co2    least    pollution    vessel    worldwide    carbon    demand    generator    abatement    50    181m    combined    dioxide    agreements    engines    expenses    patented    9m    produces    16    reduce    amortized    billion    german    reachable    nitrogen    first    2021    registered    inland    proven    efficiency    proprietary    synthetic    customizable    11    markets    outcomes    roll    revenue    combustion    competition    vessels    demonstrated    transfer    oxide    environmental    442    operators    seagoing    28    beneficial    commercialize    fleet    sales    shipping    creates    500    consumption    installed    market    ships    10    offers    commercial    regulations    net    earn    injected    roi    energy    maintenance    33    companies    emissions    size    world    fs    159    inferior    pricing    innovation    pay    powered   

Project "FUELSAVE" data sheet

The following table provides information about the project.

Coordinator
FUELSAVE GMBH 

Organization address
address: ALTROTTSTRASSE 31
city: WALLDORF
postcode: 69190
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Germany [DE]
 Project website https://fuelsave-global.com/losungen/fs-marine/
 Total cost 2˙287˙250 €
 EC max contribution 1˙601˙075 € (70%)
 Programme 1. H2020-EU.3.3. (SOCIETAL CHALLENGES - Secure, clean and efficient energy)
2. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT))
3. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-2-2016-2017
 Funding Scheme SME-2
 Starting year 2018
 Duration (year-month-day) from 2018-05-01   to  2020-04-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    FUELSAVE GMBH DE (WALLDORF) coordinator 1˙601˙075.00

Map

 Project objective

FS MARINE is the world's first hydrogen-powered engine assistant unit for ships. The patented hydrogen generator produces a proprietary synthetic gas that is injected into a ship's engines to significantly improve combustion efficiency. FS MARINE has been proven to reduce net fuel consumption by at least 10%, cut carbon dioxide (CO2) emissions by at least 10%, cut nitrogen oxide (NOX) emissions by at least 50%, and save at least 33% on engine maintenance costs. The customizable unit can be installed on any vessel, and the cost amortized within three years. This makes FS MARINE the most viable technology for overcoming the shipping sector’s environmental and economic challenges. Regulations require ships to reduce CO2 by 10% every five years. Struggling operators must cut fuel costs, which make up 50-60% of expenses. For an average ship, FS MARINE will save €2.9M in fuel and maintenance costs and prevent 19,200 tonnes of CO2 over 10 years. The company offers ROI-based pricing and build-lease-transfer options to make it accessible even for cash-restricted shipping companies. As a pioneering technology innovation, FS MARINE has no direct competition and is protected by two patents. Indirect competition comes from energy efficiency and pollution abatement methods that have inferior outcomes. There are 50,442 seagoing vessels worldwide, and 16,500 inland vessels registered in Europe. 50% are viable for FS MARINE. This creates a total reachable market size of €28.1 billion. The company aims to sell 379 units and earn €181M in revenue by 2021. Demand and willingness to pay have been demonstrated through pre-commercial test and sales agreements from 11 shipping companies with a combined fleet of 159 vessels. FS MARINE is the innovation of FUELSAVE GmbH, a German engineering company founded in 2012. It is now applying for Horizon 2020 Phase 2 to commercialize and roll out its beneficial innovation across European markets.

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The information about "FUELSAVE" are provided by the European Opendata Portal: CORDIS opendata.

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