Home Digitalisation Greenheart, Njord and Marsoft enter green tech partnership underpinned by carbon credits

Greenheart, Njord and Marsoft enter green tech partnership underpinned by carbon credits

In a new collaboration, Greenheart, a subsidiary of Hayfin Capital Management, is partnering with green tech business Njord and maritime consulting firm Marsoft. As part of the partnership, Njord will design a bespoke package of fuel-saving technologies on, initially, four Greenheart-owned vessels, to achieve fuel and emission cuts of between seven and 16 per cent per vessel. Marsoft will quantify and certify the CO2 savings through carbon credits, ensuring Greenheart will optimise the financial value of the fuel savings. The partnership is set to make a strong business case for installing energy-saving devices.

“At Greenheart we are focused on performance improvement of our fleet and excellence in service to our clients. Whilst discussing with both Njord and Marsoft, we identified a complementary overlap in support, outcomes and goals, hence we suggested a tri party collaboration. We are therefore extremely excited to pilot this, and look forward to the work and findings. Collaboration in our industry is of paramount importance and this partnership is a firm step forward,” says Nikos Benetis, Technical Director at Greenheart Management.

Each of the four vessels will be screened to identify their fuel-saving potential. A custom-designed package of energy-saving devices for each vessel, selecting from a portfolio of more than 20 technologies will be developed.

“Despite the many environmental and financial advantages of installing energy-saving devices, the investment can still be difficult for owners to finance,” says Frederik Pind, Managing Director at Njord.

“We help owners overcome that financing barrier by making the business case more attractive. We do that through our holistic approach of combining several technologies and representing a neutral opinion in the decision making.”

“We are looking forward to partnering with Greenheart and Marsoft. In a first-of-its-kind collaboration, we are introducing a new financing vehicle, which we believe will accelerate technology adoption and emission cuts.”

Marsoft’s GreenScreen program complements Njord’s design approach by accurately assessing the emission reductions from the retrofits – a requirement to enrol the ships in a Gold Standard program. Marsoft’s collaboration with ClimeCo, a leader in the carbon markets, secures premium pricing for Greenheart’s carbon credits in the voluntary carbon markets.

“The industry is beginning to see the real value of the carbon markets to accelerate the pace of decarbonisation today,” says Arlie Sterling, President of Marsoft Inc. “We help secure an audited and documented statement of reduced CO2 emissions that delivers incremental revenue and return on investment.”

The partnership has commenced, with Njord currently screening the vessels to identify the most suitable technologies.

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