Periodic Reporting for period 1 - SIDEWIND (Horizontal wind turbines for maritime transport ships)
Reporting period: 2019-12-01 to 2020-03-31
Maritime transport is the backbone of world trade, being fundamental to sustaining economic growth and spreading prosperity. Sidewind enables shipping companies to exploit the wind energy that is wasted around the ship and convert it into electricity for its propulsion, achieving savings in fuel consumption and contaminant emissions of up to 36%.
The completion of Phase 1 aims at validating the technical, commercial and financial feasibility of the Sidewind project. Specific objectives include: (i) scheduling a technical work plan (technology optimization, on-field tests and scale-up production), (ii) analysis of key partnerships, market overview and IP strategy, and (iii) costs revision and income/profit projections.