Amsterdam-based Gelectric, a startup specialised in electrical retrofit solutions for old vessels, announced on Tuesday, January 3, that it has secured an undisclosed investment from a Dutch angel investor.
The Dutch company says that the investment will allow it to continue growing and expanding its operations.
Energy Efficiency Existing Ship Index
Energy Efficiency Existing Ship Index (EEXI) measures a ship’s energy efficiency based on its design, construction, and operational practices.
It is part of the Energy Efficiency Design Index (EEDI) system, developed by the International Maritime Organisation (IMO) to reduce greenhouse gas emissions from ships.
The EEXI requirements apply to all existing ships with a keel-laying date on or after January 1, 2021. Gelectric claims that it will become more stringent over time, with additional requirements taking effect on January 1, 2025, and January 1, 2030.
To comply with the EEXI requirements, ships must meet certain energy efficiency targets, calculated using a formula that considers the vessel’s fuel consumption, cargo capacity, and distance traveled.
If a ship does not meet the required EEXI level, it may be subject to additional regulatory requirements or penalties.
Here’s where Gelectric, which specialises in providing regulatory and maintenance solutions to the maritime industry, comes into play.
Gelectric: What you need to know
Founded in 2022 by Efil Bengisu Saygı and Rıza Özdülger, Gelectric provides electrical solutions to vessels to help the maritime industry become more sustainable and greener.
The platform helps identify opportunities to improve the energy efficiency of the ships, in addition to bringing other benefits, including reducing operating costs, improving the fleet’s environmental performance, and enhancing the company’s reputation.
The company is on a mission to create a future in which the maritime industry is powered by clean, renewable energy and equipped with the latest tools and technologies to improve safety, efficiency, and reliability.
Last year, the Amsterdam-based company got selected for the Startupbootcamp under the Mobility and Transportation Programme.
