OceanWings develops modular wind-assisted propulsion systems that utilize rigid wingsails to harness wind energy, achieving fuel savings of over 1.3 tons per day and reducing CO₂ emissions by up to 4.5 tons daily. This technology addresses the shipping industry's need for sustainable solutions by lowering operational costs and ensuring compliance with future emission regulations.
Funding
$33.9M 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.
Founders
Product
Problem
The shipping industry faces increasing pressure to reduce greenhouse gas emissions and comply with stricter environmental regulations, while also managing rising fuel costs and maintaining operational efficiency. Traditional propulsion methods rely heavily on fossil fuels, contributing significantly to air pollution and carbon emissions.
Solution
OceanWings develops advanced wind-assisted propulsion systems that enable commercial ships to harness wind energy, reducing reliance on fossil fuels and lowering emissions. Their rigid wingsails are designed for both retrofit and newbuild projects, offering a modular and scalable solution compatible with various ship types, including bulk carriers, container ships, and tankers. The system integrates with existing vessel infrastructure, requiring minimal structural changes and offering a payback period of five years or less, depending on fuel type. By leveraging natural trade winds, OceanWings helps shipowners achieve double-digit fuel and emission savings, ensuring compliance with environmental regulations while enhancing the long-term value of their investments.
Target Audience
OceanWings targets shipowners, charterers, ship designers, and shipyards seeking to reduce fuel consumption, lower emissions, and comply with environmental regulations.
Features
- Rigid wingsail technology designed to capture and convert wind energy into propulsive force
- Modular and lightweight design for easy integration into existing and new vessel designs
- Thin double-flap design for high maneuverability and agility
- Automated control systems that optimize wingsail performance based on wind conditions and vessel speed
- Fuel savings of over 1.3 tonnes per day per wingsail
- Compliance with IMO and EU emission regulations
- Final installation time per wingsail less than 4 hours
- Low power demand (<1.5kW) for easy electrical cabling