Periodic Reporting for period 2 - Cryoshelter (Bringing a new LNG-tank technology to industrial readyness)
Reporting period: 2016-04-01 to 2017-03-31
Within this project Cryoshelter has brought a 2nd generation LNG tank technology for heavy duty trucks to industrial readiness. Cryoshelter’s unique selling proposition are the biggest fuel capacity within a given frame space, the longest hold time on the market and the most adaptable tank design with intuitive operation.
The primary objective of this project was to verify a commercially viable tank by putting tanks on the road, demonstrate durability, demonstrate a target production capacity, demonstrate profitability and fulfill the required industry’s certifications. This has been achieved.
Cryoshelter is in the process of forming a partnership with an Tier 1 supplier for the series production of Cryoshelter LNG tanks for an OEM contract. Cryoshelter has global patents protection of its key technology elements and has already gained some global attention with coverage in LNG relevant media.
The widespread introduction of LNG as a clean an competitive fuel alternative to Diesel has begun. The build-up of critical filling station coverage of the main truck routes across Europe – which is being supported under the EU Blue-Corridors project – is moving ahead. The natural gas truck market is already shifting from retrofitting solutions to OEM solutions. Dedicated natural gas engines are clean, quiet and increase in power. If fueled with renewable methane – biogas – these trucks achieve close to zero-emissions, CO2 neutral and virtually particulate matter free. NOx emissions are more than 70% below the current EURO VI emissions limits without the use of SCR.