Anders Korsgaard
CEO/Co-founder
Blue World Technologies
Blue World Technologies manufactures methanol fuel cells that provide a green alternative to combustion engines and diesel generators, specifically targeting hard-to-abate sectors like maritime and heavy-duty transportation. Their technology enables fuel savings of 20-30% and up to 100% CO2 recovery, facilitating a cost-effective transition to renewable energy sources.
- Clean Technology
- Energy
- Hardware
Updated 7 months ago
Funding
Raised to date
$108.9MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
Combustion engines and diesel generators, commonly used in maritime and heavy-duty transportation, contribute significantly to greenhouse gas emissions and air pollution. The reliance on fossil fuels in these sectors presents a challenge for achieving global decarbonization goals. Green methanol, while promising, can be a costly fuel source, necessitating efficient utilization strategies.
Solution
Blue World Technologies provides methanol fuel cell systems as a green alternative to traditional combustion technologies, targeting hard-to-abate sectors like maritime and heavy-duty transportation. Their high-temperature PEM fuel cell technology enables a cost-competitive use of green fuels by achieving fuel savings of 20-30% and allowing up to 100% CO2 recovery for utilization or storage. The modular systems are scalable, designed for both auxiliary power and multi-megawatt propulsion, and can be integrated into existing infrastructure. By using renewable methanol, the fuel cells facilitate a net-zero carbon emission operation while eliminating NOx, SOx, and particle emissions.
Target Audience
The primary target audience includes maritime operators seeking to reduce emissions and fuel costs, as well as other heavy-duty transportation industries looking for sustainable power solutions.
Features
- High-temperature PEM (HT PEM) fuel cell technology for high energy efficiency and durability
- Fuel cell systems with up to 55% electrical efficiency at commercial stage
- Modular and scalable system configuration for power production and propulsion
- Compatibility with renewable methanol for net-zero carbon emissions
- CO2 capture capabilities for recycling or storage
- High-grade waste heat output at 150°C
- Integration-ready for containerized on-deck solutions or ship integration