Smart Green Shipping announces £5m investment into FastRig wing sail technology.
A three-year project backed by the Scottish Government and industry will develop and test fully automated, emission-reduction sail technology that can be retrofitted to merchant ships.
- Collaborative three-year R&D project brings together major industry players including Malin, Drax, Peel Ports and Lloyd’s Register
- The wind technology project will deliver a demonstrator on a commercial ship by 2023
- Smart Green Shipping’s FastRig automated sail technology is compatible with up to 40,000 ships currently operating in the merchant fleet and can deliver at least 20% fuel savings and associated GHG reductions
- Lloyds Register has granted 1st stage Approval in Principle for FastRig technology
Smart Green Shipping (SGS) has today launched a £5m research and development project for its fully automated FastRigs wing sail technology and digital routing software that will harness the power of wind to deliver major fuel and emissions savings for the shipping industry. The collaborative three-year programme has been made possible by a £3.2m investment from the private sector, which unlocked a further £1.8m grant from Scottish Enterprise.