Eco Marine Power and Teramoto Iron Works sign patent licence agreement

Japan-based renewable energy technology company Eco Marine Power (EMP) has signed a patent licence agreement with Teramoto Iron Works Ltd concerning patents related to EMP’s EnergySail and Aquarius MRE (Marine Renewable Energy) fuel-saving and emissions-reduction solutions. Teramoto Iron Works was selected in 2016 to manufacture the first production version of EMP’s EnergySail ¬– an automated rigid sail device that enables ships to utilise wind power to reduce fuel consumption and lower vessel emissions – and this latest agreement between the two companies “paves the way to full commercial production once sea trials have been completed”. Commenting on the agreement with EMP, Yoshitaka Teramoto, president of Teramoto Iron Works, said, “I am proud that our company is at the forefront of bringing the EnergySail towards commercial production and that we are able to demonstrate again our ability to manufacture high-quality and specialised solutions for shipping.” The patented EnergySail can also be fitted with marine-grade solar panels or other devices and used to charge batteries or generate the electrical power that is fed into a ship’s power system. Alternatively, an EnergySail array can be incorporated into EMP’s Aquarius MRE solution.