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Data and AI-based weather routing and voyage optimisation to reduce fuel consumption and emissions of ships
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Syroco Live
Data and AI-based weather routing and voyage optimisation to reduce fuel consumption and emissions of ships
Label Date
June 30, 2023
By
Syroco
From
France
Maturity stage
TRL 9 / CRI 2 - Commercial Trial Small Scale
Syroco supports the energy transition of maritime transportation. Syroco Live is a software platform that optimises energy efficiency, fuel consumption and carbon emissions of ships through multi-objective weather routing and real-time voyage optimisation. Using a digital twin of the ship, built with data and AI, that sails in parallel with the actual ship, the cloud-based solution leverages highly accurate metocean information to compute the most optimised routing. The user-friendly on-board user interface provides voyage optimisation to the crew, ensuring that the ship is always in optimum configuration to reduce fuel consumption while following route and schedule. The solution measures fuel consumption, carbon emissions and savings in real-time and delivers comprehensive reports and dashboards to both crew and fleet management.
The Environmental Benefits
- •A typical merchant ship (over 100m long) burns between 10 and 350 tons of fuel per day, and produces 8,000 and 280,000 tons of carbon per year
- •There are approximately 42,000 merchant ships over 100m long, which burn a combined 450 million tons of fuel per year
- •Syroco Live reduces fuel consumption and carbon emissions of a merchant ship by 10%
- •For a typical containership or tanker, Syroco Live saves 25,000 tons of CO2 per year
The Financial Benefits
- •Return on investment between 300% and 1200% (depending on ship size)
- •Save between 100k€ and 3M€ per year on the fuel bill of each ship
- •Save between 50k€ and 1.5M€ per year per ship on the carbon certificates that will soon be required to compensate for the emissions
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Syroco
Syroco is a Climate Tech startup that supports the energy transition of maritime transportation.
Headquarters
13002 Marseille, France
Type
Startup or self-employed
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances. The innovator Syroco has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.