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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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 Outcomes and results

 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.

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

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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