Periodic Reporting for period 1 - LEWIATH (LEveraging WInd-Assisted THrust)
Reporting period: 2019-01-01 to 2019-04-30
Maritime transport overwhelmingly dominates global freight transportation with 58,500 vessels totaling over 10,3 billion deadweight tons and covering 90% of global goods trade. Marine propulsion market is expected to grow at a CAGR worth 4.3% between 2018 and 2026 to reach $18 Billion by 2026. Climate change imperatives and rising environmental awareness force governments to tighten legislation and set pressure on shipyards and shipowners to develop greener alternatives. Therefore, market potential for wind propulsion technologies for shipping vessels is estimated to reach between 3,700 and 10,700 deployed systems between 2020 and 2030 for both retrofit and installation on newbuild vessels.
Our patented technology works like an airplane wing: its asymmetric profile generates a pressure difference (i.e. Lift Force) between the windward (intrados) and leeward (extrados) surfaces and reveal much more efficient than existing profiles. Our wing-sail profile has been developed to deliver higher energy-efficiency than all current technologies and it can be reversed, adjusted and lowered to adapt changing weather conditions, vessels’ changing position to the wind and freight un/loading operations. Unlike airplane wings’ intrados and extrados which never switch sides nor vary in length, our wing-sail shape can constantly be optimized to obtain the best Lift Force / Drag Force ratio and it can also be reverted.