Skip to content Skip to sidebar Skip to footer

We are delighted to announce our latest partnership with Mitsui O.S.K. Lines, a Japanese shipping conglomerate with a global fleet of over 800 vessels. MOL are investing directly in Carnot, becoming our latest shareholder and partner for the maritime industry. 

Signing Ceremony at MOL (Europe Africa) Ltd London Office, with the Carnot Team and Mr Toshinobu Shinoda – MOL Senior Managing Executive Officer, Alex Green – Deputy General Manager,  Go Sakaguchi – Director & Regional Head, Atsushi Yaginuma – General Manager Technical and Yosuke Yamada – Manager.

As part of the collaboration, Carnot and MOL are co-developing a Maritime Auxiliary Power Unit (APU), optimised for the MOL fleet and aligned with their decarbonising strategy. This includes using Carnot’s high-efficiency engine technology to reduce fuel consumption and emissions whilst utilising our fuel-agnostic capabilities to adopt different decarbonised fuels including ammonia, methanol and LNG. 

Archie Watts-Farmer, Carnot’s CEO, commented on the new investment deal: “A key part of our strategy is forming partnerships with major end users to accelerate our route to market. In MOL we have, without question, found the perfect partner who aligns with our goals and understands our technology. We look forward to working together to develop a world-leading solution and drive the maritime industry towards decarbonisation”.

MOL Group has placed initiatives to address sustainability issues at the core of its Blue Action 2035 management plan, aiming to achieve sustainable growth that addresses social and environmental issues. Through its investment in Carnot, the group aims not only to reduce greenhouse gas (GHG) emissions and pursue economic efficiency in its operated vessels, but also to contribute to GHG reductions in the shipping industry and other industries that rely on internal combustion engines.

MOL’s Blue Action plan is at the forefront of sustainably decarbonising Maritime

Alex Green, Deputy General Manager at MOL added: “We are thrilled to be working with Carnot. The best energy is the energy we do not use and critically, Carnot can bring us that efficiency whatever fuel we decide to use”

MOL is also investing directly into Carnot and becoming the latest shareholder. The MOL funding is anchoring a wider fundraising round, supported by existing investors and £5.3m in UK Government grants. These funds will be used to build a new test site for Carnot engines and deliver field trials of Carnot technology over the next 18 months. This includes the UK’s first hydrogen APU sea trial demonstrator early next year. 

Partnership & Investment announced with Mitsui O.S.K. Lines

We are delighted to announce our latest partnership with Mitsui O.S.K. Lines, a Japanese shipping conglomerate with a global fleet of over 800 vessels. MOL are investing directly in Carnot, becoming our latest shareholder and partner for the maritime industry.  Signing Ceremony at MOL (Europe Africa) Ltd London Office, with the Carnot Team and Mr Toshinobu…

Read More

Decarbonising Port emissions with novel Cold Ironing solution

Carnot is leading a £3m grant to decarbonise the largest source of in-port greenhouse gas emissions with a novel Cold Ironing Solution. When in Port, most vessels use diesel generators to power onboard operations. Globally, this produces around 35Mt of CO2e generated per year and accounts for roughly 60% of total port emissions. This project…

Read More

High Efficiency Ammonia Power for the Maritime Industry

Carnot is leading a consortium which has successfully won a £2.1m grant to decarbonise maritime power using Ammonia fuel. This grant, part of the Clean Maritime Demonstration Competition delivered by Innovate UK, will develop a novel liquid Ammonia engine concept, delivering unrivalled efficiency whilst eliminating emissions from maritime power. We will be targeting heavy-duty maritime…

Read More

Carisbrooke Shipping becomes our latest investor!

Carisbrooke Shipping is a family-owned British shipping company established more than 50 years ago. They have pioneered increasing vessel efficiency and reduced vessel emissions with a continued dedication to innovation and improving vessel design. We have had the great pleasure of working with Carisbrooke Shipping for several years including co-operating on a series of Clean…

Read More

Carnot wins £2.3m grant to deploy Hydrogen Auxiliary Power unit for Marine

Carnot has been awarded £2.3M to develop a zero-emission 50kW Hydrogen auxiliary engine demonstrator in conjunction with our partners Carisbrooke Shipping, Brunel University and the Manufacturing Technology Centre. Following design and simulations, the hydrogen-fired engine will be bench tested in one of Brunel University’s world-leading, hydrogen-approved test cells before being integrated into a containerised system…

Read More

Decarbonising marine industry

Carnot wins £500,000 grant to develop hydrogen/ammonia Auxiliary Power Unit

Carnot is leading a consortium to decarbonise Auxiliary Power in marine applications We are delighted to announce Carnot is leading a consortium which has won a £500,000 Clean Maritime Demonstrator Competition 2 Grant to develop a Hydrogen/Ammonia fuelled, Auxiliary power unit for the maritime industry.   Following the successes from our first CDMC grant, the…

Read More

Powering sub-Saharan Africa with Environmental, Social & Gender inclusion

In his recent book, ‘How to avoid a climate disaster’, Bill Gates focuses on electricity as the first major priority to consider in his manifesto for how to tackle the climate emergency. The reliable and low-cost supply of electricity has countless benefits across the economic and social spectrum. Gates also highlights that of the 860…

Read More

Carnot selected for Net Zero Technology Accelerator

Carnot is delighted to announce we have been selected for The Net Zero Technology Centre Tech X Accelerator programme. From an original 150 applicants, Carnot are one of 10 awardees to participate in the programme supported by BP, Equinor, and KPGM. The OGTC was Established in October 2016 with £180 million from the Aberdeen City Region Deal, and originally was the…

Read More

We are delighted to announce our latest partnership with Mitsui O.S.K. Lines, a Japanese shipping conglomerate with a global fleet of over 800 vessels. MOL are investing directly in Carnot, becoming our latest shareholder and partner for the maritime industry. 

Signing Ceremony at MOL (Europe Africa) Ltd London Office, with the Carnot Team and Mr Toshinobu Shinoda – MOL Senior Managing Executive Officer, Alex Green – Deputy General Manager,  Go Sakaguchi – Director & Regional Head, Atsushi Yaginuma – General Manager Technical and Yosuke Yamada – Manager.

As part of the collaboration, Carnot and MOL are co-developing a Maritime Auxiliary Power Unit (APU), optimised for the MOL fleet and aligned with their decarbonising strategy. This includes using Carnot’s high-efficiency engine technology to reduce fuel consumption and emissions whilst utilising our fuel-agnostic capabilities to adopt different decarbonised fuels including ammonia, methanol and LNG. 

Archie Watts-Farmer, Carnot’s CEO, commented on the new investment deal: “A key part of our strategy is forming partnerships with major end users to accelerate our route to market. In MOL we have, without question, found the perfect partner who aligns with our goals and understands our technology. We look forward to working together to develop a world-leading solution and drive the maritime industry towards decarbonisation”.

MOL Group has placed initiatives to address sustainability issues at the core of its Blue Action 2035 management plan, aiming to achieve sustainable growth that addresses social and environmental issues. Through its investment in Carnot, the group aims not only to reduce greenhouse gas (GHG) emissions and pursue economic efficiency in its operated vessels, but also to contribute to GHG reductions in the shipping industry and other industries that rely on internal combustion engines.

MOL’s Blue Action plan is at the forefront of sustainably decarbonising Maritime

Alex Green, Deputy General Manager at MOL added: “We are thrilled to be working with Carnot. The best energy is the energy we do not use and critically, Carnot can bring us that efficiency whatever fuel we decide to use”

MOL is also investing directly into Carnot and becoming the latest shareholder. The MOL funding is anchoring a wider fundraising round, supported by existing investors and £5.3m in UK Government grants. These funds will be used to build a new test site for Carnot engines and deliver field trials of Carnot technology over the next 18 months. This includes the UK’s first hydrogen APU sea trial demonstrator early next year.