HYDROGEN ENERGY SYSTEMS
A GLOBAL PROBLEM
Water-borne freight shipping is heavily polluting, accounting for nearly 3% or one billion tons of global CO2 emissions. As such, the International Maritime Organization (IMO) has declared war on the sector's pollution levels, embarking on a path to decarbonize - a megatrend that will last decades. The biggest near term impact of this environmental pivot starts in 2020, mandating the industry to reduce the amount of sulphur content in shipping fuel from 3.5% to 0.5% or face economic sanctions for non-compliance. The ripple effects are wide-ranging for ship owners, engine manufacturers, refiners, and consumers.
HES has developed a co-combustion solution that leverages an existing asset’s energy source by injecting it with hydrogen, significantly lowering the engine’s fuel costs, GHG emissions such as CO, CO2, SOx, particulate matter, and black carbon, as well as maintenance costs. The design is simple and safe, the installation seamless, and the cost of our unit attractive due to the short payback profile realized from substantial fuel savings.
Dr. Peter Savva – Special Advisor
Dr. Savva's research activities focus on air depollution technologies development and hydrogen energy applications. He has worked for more than 15 years on hydrogen applications for emissions reduction and is the co-inventor of several patents concerning depollution catalysis with the use of hydrogen, two of which have been licensed to LINDE Engineering AG (Germany) for novel stationary environmental applications. He has won numerous awards, and has been recognized by the Cypriot Research Promotion Foundation as well as the Danish Academy of Sciences for his efforts concerning research and the environment.
Scott Waite – Co-Founder and CEO
He was formerly the co-head of institutional sales and trading at CIBC Capital Markets based in London and held previous capital market roles at Macquarie Securities and Credit Suisse where he was focused on emerging markets and commodity-related sectors.