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Smart Monitoring COntrol and User interactive ecosystem for improving energy efficiency andeconomic maintenance of Medium-WeighT Ships

Smart Monitoring COntrol and User interactive ecosystem for improving energy efficiency andeconomic maintenance of Medium-WeighT Ships

Objective

Opportunity: Shipping emissions are expected to double by 2050, as are the related social and environmental effects. The cost of fuel has become a major expense item for every company in the transportation business, possibly more so for Tugboats, Ferries, Dredges, Off-Shore, because their engines (and fuel tanks) are disproportionately large. This situation has force regulators, to act consequently and force operators to implement continues monitoring & efficient solutions
Added value proposal: SCOUT provides a Smart Monitoring & COntrol and User interactive ecosystem for improving energy efficiency and economic maintenance of Medium-WeighT Ships, taking advantage of the above opportunity presented by the necessity and recent regulations, of monitoring and reducing emissions, as well as, the economic need of saving costs in terms of fuel combustion and maintenance of medium-weight ships market, by delivering three key market applications: (i) Upgraded consuming knowledge; (ii) Greater engine performance (estimated from 10% to 20%) (iii) Longer ship life (reduction of 10-25% of operational costs)
Phase 1 objectives is to accelerate the market adoption and international penetration of SCOUT focus on preparing ourselves for the commercialization of at the international level (including route-to-market, marketing strategy, growth strategy, etc.) by evolving the product from TRL6 to TRL9 stage
Impact : As a result of this project, SCOUT will grow considerably, generating 73 new qualified jobs by five years after the project ending and generating cumulative incomes of 63.7M€ and a EBITDA of 35.7M€ approx (56% of margin)

Coordinator

ICTIC INNOVACION COMPETITIVA SOCIEDAD LIMITADA

Address

C/ Gual Villalbi 10 Puerta 9
46009 Valencia

Spain

Activity type

Private for-profit entities (excluding Higher or Secondary Education Establishments)

EU Contribution

€ 50 000

Project information

Grant agreement ID: 781154

  • Start date

    1 August 2017

  • End date

    31 January 2018

Funded under:

H2020-EU.3.4.

H2020-EU.2.1.1.

H2020-EU.2.3.1.

  • Overall budget:

    € 71 429

  • EU contribution

    € 50 000

Coordinated by:

ICTIC INNOVACION COMPETITIVA SOCIEDAD LIMITADA

Spain