Norsepower Oy Ltd, Tallberginkatu 2 A, FI-00180 Helsinki

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Reducing the Environmental Impact ofShipping through Modern Sail Power

Marine Money - 20th Annual Ship Finance Forum

New York, 13.11.2019

Tuomas Riski, CEO & Partner, Norsepower Oy Ltd

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• Visit https://www.youtube.com/watch?v=G-fuPbhtTFo to see the video

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• Visit http://tinyurl.com/nmjyzmo to see the Magnus effect demo video

Physics:

Magnus-effect

Source: YouTube

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Rotor Sail

Physics of the Rotor Sail: Magnus Effect explained

• When wind meets a spinning object, it results in a high and low pressure differential, which creates thrust at a 90 degree angle to the wind

• Flettner (DE) and Savonius (FI) discovered the fundamentals of a “Flettner rotor” in 1920s

• Norsepower has modernised the technology entirely by introducing high tech materials and automated operation

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• Two 30 x 5m Rotor Sails were installed as a retrofit

in the end of August 2018.

• The LR-verified fuel savings on actual routes of

the ship during a 1-year trial period were 8.2%.

• Norsepower forecasts that up to 20% average

fuel savings are possible on routes with

favourable wind conditions.

• Based on the results, the payback range of Rotor

Sails for tankers is today 4-9 years.

“We see wind technology as one of the technologies that can give us a real

breakthrough in reducing CO2 and help us achieve our emission-reduction

target of 30% by 2021“ – Tommy Thomassen, CTO, Maersk Tankers.

Reference: LR2 oil products tanker Maersk Pelican

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Bore Estraden (Spliethoff group)• Two 18 x 3 Rotor Sails were installed in 2014 and 2015 as a retrofit on

a RoRo ship sailing on the North Sea.

• The verified average fuel savings on the actual route of the ship are 6%, equalling 400 tonnes of fuel per year and a payback period of 4 years.

Viking Grace• One 24 x 4 Rotor Sail was installed as a retrofit onboard the Viking

Line’s Viking Grace in April 2018

• The externally verified fuel saving is up to 300 tonnes of LNG fuel per year with a payback period of 4 years.

Scandlines hybrid ferry• One 30 x 5 Rotor Sail will be installed during Q2 2020 as a retrofit on

board the M/V Copenhagen, a hybrid passenger ferry.

• The target of the project is to reduce CO2 emissions on the Rostock-Gedser route by four to five per cent.

Project pipeline

Other projects

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OGCI Network

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• In October 2019 OGCI (Oil and Gas Climate Initiative) led 8 MEUR investment round in Norsepower.

• OGCI is an investment fund backed by the largest oil and gas companies in the world.

• Partnership enhances Norsepower abilities to serve the global tanker market with environmentally friendly propulsion power systems.

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Service co-operation with Wärtsilä

• Our remote service support and monitoring enables real-time support for the customers everywhere in the world.

• Our partnership with Wärtsilä ensures global customer service support using Wärtsilä’s extensive service network.

• Wärtsilä has the most extensive service network in marine industry.

• The network consists of over 4500 professionals in 70 different countries all over the globe.

Wärtsilä service network

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Environmental aspects

TANKERS

BULKERS

RO-RO

Compatible ship types and market potential

3 000 ships10 700 ships 1 500 ships12 800 ships

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• Rotor Sail technology can be retro-fitted to about 28 000 vessels

• Typical average annual fuel savings are 5-20%

• Global CO2 emissions reduction potential is 82 Million tons of CO2 / year• 1.9 x current annual CO2 emissions of entire Finland

• Also the related NOX and SO2 emission reduction potential is huge

TANKERS CRUISERO-RO

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MISSION

To reduce the environmental impact of shipping through the commercialisation of innovative and modern sail power

VISION

To set the standard in bringing sails back to ocean transportation, and empower shipping towards reaching the goal of zero carbon emissions

Norsepower Oy Ltd, Tallberginkatu 2 A, FI-00180 Helsinki

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Tuomas Riski

CEO, Partner, Norsepower Oy Ltd

tuomas.riski@norsepower.com

+358 50 330 5732