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Wednesday, June 19, 2019 

Eco Marine Power (EMP) has applauded the recently announced introduction of the Poseidon Principles – a global framework for assessing and disclosing the climate alignment of financial institutions’ shipping portfolios.

EMP believes that these principles will have a strong emphasis on zero emissions, and the company's renewable energy solutions and design concepts are considered to be well placed to meet this challenge.

EMP’s Aquarius Marine Solar Power, for example, is available now and was recently installed on a large cargo ship. This solar power system for ships provides vessels with an emissions free source of energy that can supplement emergency or back-up power. The computer management system used for this solution also logs fuel consumption and calculates vessel emissions.

Another example of EMP’s leadership role in developing zero-emission solutions is the Aquarius Eco Ship. This ongoing low-emission concept design project begun in 2012 and has led to the development of a number of innovative renewable energy solutions for ships including the patented EnergySail and Aquarius MRE. These zero-emission power and propulsion solutions are currently being readied for sea trials and are suitable for a wide range of ships including bulkers, tankers, cruise ships and ro-ro vessels.

Greg Atkinson, CTO, EMP said: “The linking of shipping finance with environmental standards by a number of global banks will help encourage the building of more energy efficient ships. In the near future I also hope the Poseidon Principles will take into account the protection of the overall marine environment including waste water discharges and waste management.”

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