World emissions must be reduced by 50% and the maritime sector contributes 3% of global greenhouse gases emissions. Hence, we need to revolutionize the energy consumption in the marine industry. Considering that 81% of the world's 91,000 ships are small or medium-sized, with today's technology they can be converted to electric or hybrid electric. This would drastically cut emissions, besides saving fuel and maintenance costs.
For instance, battery hybrid solutions for ships could provide up to 90 % reduction in fuel consumption and emissions for vessels, benefiting the environment and the climate.
Vessels in Europe play a crucial role in logistics, but they are also a vital part in connecting communities: that’s why decarbonizing the marine sector means creating long-lasting value.