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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.

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

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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