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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.

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

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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