EST-Floattech To Speed Up Electrification Of Shipping With New Financial Boost

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EST-Floattech

The Energietransitiefonds Rotterdam, the investment fund of the municipality of Rotterdam, will contribute €3 million as the fund’s first investment in the maritime battery system. The remaining $1 million will be provided by existing shareholders Rotterdam Port Fund, PDENH, Ponooc, and Yard Energy.

“Rotterdam attracts companies that dare to invest in the energy transition. We are seeing this with EST-Floattech. Their innovative battery technology for ships contributes to the reduction of CO2 emissions in a sector where there is much to be gained. It is incredibly nice that through the Energietransitiefonds Rotterdam we can support companies like this,” Chantal Zeegers, the Alderman for Climate, Building, and Housing in Rotterdam, said.

Battery management

Lithium-ion batteries combine low weight with high energy density, low self-discharge, and long life. EST-Floattech’s battery management system monitors charge status, discharge status, temperature, and other parameters to ensure efficient and safe battery operation. The new Octopus Series battery system has been certified by classification bureaus DNV, Lloyd’s Register, and Bureau Veritas.

For the aluminium housing, insulation material, electronic components, and the racks in which the battery cells are installed, EST-Floattech is working with Dutch partners. The new investment will allow EST-Floattech to continue to grow nationally and internationally.

The electrification of shipping is said to have great social importance. Inland and maritime shipping together account for 16.5% of the Netherlands’ CO2 emissions.

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Source : Off shore energy