PRESS RELEASE: BMT partners with Black & Veatch to develop tool to help financiers understand green tech

PRESS RELEASE:  BMT has announced that it will take the lead in a £1.8m Vessel Technology Assessment System (VTAS) project.  The work has been commissioned and funded by the Energy Technologies Institute (ETI) and will be delivered in partnership with Black & Veatch. The primary objective is to assist financiers to understand and confidently quantify the benefits of investing in fuel efficient technologies for existing and future vessels, thus accelerating the deployment of viable fuel-efficient technologies.

ETI is a public-private partnership between global energy and engineering companies – BP, Caterpillar, EDF, Rolls-Royce and Shell – and the UK Government.

BMT, in partnership with Black & Veatch, will look to create independent, transparent and insightful information to engage and support stakeholders and decision makers who can positively influence commercial shipping to reduce fuel consumption.  This will support and promote the drive to change the way in which the world’s shipping power and propulsion is designed and operated.  The project will focus on characterising and addressing perceived barriers to the adoption of ESDs, providing data driven technical models of individual ships and dovetailing this with the necessary financial modelling to help capture the CAPEX and operational issues accurately.

Interest in this project can be registered at: www.fuelefficientshipping.com and regular updates on the development of this ground-breaking project will be made available.

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