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RESEARCH AND INNOVATION


ZERO EMISSION SHIPS


FEATURE SPONSOR


Unlock the


HIDDEN CASH in your business with R&D tax credits


Don’t ignore R&D tax credits, thinking they’re not for you – you may end up being pleasantly surprised!


“Wave energy technology is ready to be combined with solar and wind power to create zero emission ships,” says José Luis Gutiérrez-García, CEO, ZShips International CCC


ZShips is a Canadian company readying a proprietary wave power system that uses oscillating water columns integrated into a ship’s hull. ZShips’ concept involves converting wave energy into stored energy in the form of compressed air. The compressed air can be stored as potential energy or used on demand to generate electricity.


“The company is initially looking to retrofit its technologies on fishing vessels. Global fisheries burned almost 50 billion litres of fuel in 2000, representing about 1.2 percent of the global oil consumption”, says José Luis. In doing so, fishing boats emitted more than 130 million tons of CO2 into the atmosphere to land around 80 million tons of fish and invertebrates. He continued: “This means that for each ton of live-weight landed fish product, 1.7 tons of CO2 are emitted.”


TAILOR-MADE For retrofit, the wave energy system will be tailor-made to match the hull’s existing shape. Depending on the vessel’s dimensions, the wave energy system will cover a large part of the total energy demand.


“We chose a large fishing vessel as a pilot project because fuel costs represent 60 percent of the OPEX for these vessels. We evaluated the limited deck space for alternatives such as sails, Flettner rotors and placement for solar and wind on board a working fishing vessel.”


He says other technologies for reducing emissions are available in the market today, but they can only reduce emissions by a few percent each. Few reduce CO2 and, while scrubbers can remove NOx and SOx along with particular matter, they increase fuel use and operating costs and lower overall efficiency.


INVESTMENT PARTNERS


ZShips is looking for investment partners for 3D virtual prototyping and subsequent research and development with the aim of reaching the cargo and passenger ship markets as well as well as fishing vessels.


Their technology can be used for new ships or to retrofit older ships; any large displacement hull vessel is a potential ZShip. Superyachts, ferries, research vessels, cruise ships, handysize, handymax, Panamax, neo-Panamax are all excellent candidates for becoming zero emissions vessels.


ENERGY NETWORK ZShips International CCC Ltd 12 www.wavetidalenergynetwork.co.uk


Many businesses operating in the renewable industries are missing out on £millions in tax relief that’s rightfully theirs.


For a free R&D tax credit consultation and analysis of the potential returns you might expect, contact Jumpstart:


helpinghand@jumpstartuk.co.uk www.jumpstartuk.co.uk


0333 920 7449


Jumpstart your R&D tax credit claims


Showcase your company’s services to over 5500 key decision makers in the wave & tidal industry from just £250.


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