Marine $2.2B

The marine market is currently a $2.2B market estimated to grow to $4.5B by 2022.  As EPA regulations kick in to protect our coastal regions, the marine industry is looking beyond exhaust scrubbers and opting for electric drives to reduce emissions and minimize the costs.  Marine batteries are also used in providing back up power to the safety equipment, global positioning, powering trolling motors, ups operations and various other electronic components and systems. With growing environmental regulations on air and water pollution regarding NOx, SOx, and CO2 emissions, the battery suppliers are focused on obtaining new technologies in order to reduce the emissions while increasing the efficiency of the marine batteries.  In addition, there is a cliff approaching in the production versus demand for low-sulfur fuels that is approaching in 2019.  It is estimated that the cost for this low-sulfur fuel (Marine Gasoil- MGO) will double as the refineries won’t be able to increase capacity in time before the regulations hit.     

By moving to electric drives, workboat operators can reduce the capital expense and ongoing maintenance costs of exhaust scrubbers to reduce emissions to near zero.  Existing modeling of hybrid solutions has shown a 15-25% overall savings that include fuel, maintenance and lowered emissions. Electric drives are in use in many ports and now our battery solution is available to make these systems work. 

ZAF offers solutions to these issues and delivers a technology to a market where safety is paramount.