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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.

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