The Ocean Exchange is an organisation that actively seeks and rewards cutting-edge sustainable solutions to the world’s most pressing problems. In October, the organisation held its annual Ocean Exchange Awards ceremony in Savannah, US.
As a global sponsor of the Ocean Exchange, Wallenius Wilhelmsen Logistics (WWL) offers a USD 100,000 cash prize to the winner of the Orcelle Award, so named for WWL’s zero-emission concept vessel that runs on renewable energy. The Orcelle Award goes out to the solution that makes shipping and logistics more sustainable by advancing zero-emissions marine transport and technologies that are commercially viable.
This year’s award went to Swedish company Minesto AB’s tidal power plant concept, Deep Green.
“It is extremely satisfying to be rewarded for something you believe in and know is right,” says Anders Jansson, CEO Minesto.
Deep Green generates power by accelerating the velocities of both ocean and tidal currents. Tides are driven by the interaction of the gravitational forces of the sun and moon, which creates currents characterised by their up and down movement. Ocean currents move left and right and are caused by a variety of factors, including the tidal currents, the wind and thermohaline circulation.
“Our goal is to be the largest renewable marine energy company in the world,” says Jansson, “and we can definitely do it based on the market potential."
Aside from being a clean alternative energy source, what makes Deep Green so special is that its technology accelerates the velocities caused by these competing currents by a factor of 10, which helps to generate 1000 times more energy than typical tidal power generators. Due to its technical advances, Deep Green works well in low flow areas, and by using substantially less material to make each generator, there are lower operational manufacturing and shipping costs than its competitors.
“We are excited to honour a worthy recipient and an innovative concept whose ideas and implementation will help take us one step closer to our vision of a zero-emissions future in the field of marine transport and logistics,” says Ray Fitzgerald, President of Wallenius Wilhelmsen Logistics Americas.
While the cash prize was a welcome boon for startup Minesto, the company is realising a slew of networking benefits since winning the prestigious award.
“We’ve already started a variety of different relationships with groups we met at the Ocean Exchange,” says Jansson.” And WWL is helping with logistics know-how, making design suggestions for Deep Green that will cut costs even further when it comes to shipping it around the world.”
About the Ocean Exchange
The Ocean Exchange, which is in its fourth year, is the intersection where organizations from around the world advance and promote their cutting edge solutions and innovations in materials, devices, processes, and systems. In 2014, 58 registrants applied for the awards. Applicants are scored on five criteria: sustainability, scalability, business model, level of innovation and stage of commercialisation.
This year’s Gulfstream Navigator Award, the other USD 100,000 Ocean Exchange prize, was given to Okeanos Technology’s Water Chip, Desalination at the Speed of Light, a solid-state platform that uses a membrane free, micro-scale process to desalinate water with radical energy efficiency.
Both solutions reduce the use of nature’s resources and waste and increase productivity and economic wellbeing.
Click here for more information about the Ocean Exchange