Develops an autonomous wingsail system, eSAIL®, that combines rigid wing sails and rotor sails to provide up to 40% fuel savings and reduce emissions for commercial vessels. This technology enables vessels to harness wind as an auxiliary propulsion source, supporting regulatory compliance while lowering operational costs and environmental impact.
Funding
$17.1M raised to dateRaised 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.
GSFounders
Product
Problem
The maritime industry faces increasing pressure to reduce fuel consumption and greenhouse gas emissions to comply with environmental regulations and improve sustainability. Traditional methods of reducing emissions, such as switching to low-carbon fuels or optimizing operational methods, can be costly or complex to implement.
Solution
bound4blue offers the eSAIL®, a wind-assisted propulsion system that combines rigid wing sails and rotor sails to harness wind power for commercial vessels. The eSAIL® system reduces reliance on fossil fuels, leading to significant fuel savings and decreased emissions. The technology is designed for autonomous operation, requiring no additional crew, and can be installed on both newbuild and existing vessels. By integrating wind propulsion, ship operators can improve their environmental performance, comply with regulations like EEXI and CII, and potentially generate tradable carbon allowances.
Target Audience
The primary target audience includes ship owners, operators, and charterers of commercial vessels seeking to reduce fuel costs, comply with environmental regulations, and improve sustainability.
Features
- Suction sail technology combining rigid wing and rotor sail advantages
- Autonomous operation requiring no additional crew
- Fuel consumption reduction of up to 40%
- Payback period of less than 5 years
- Compatibility with newbuild and existing vessels
- Automated control system for optimal performance
- Tilting system to adapt to varying wind conditions