Microsoft’s venture capitalist, M12 has pumped $11 million in a series A funding round for Nautilus Labs. Nautilus Labs is a start-up which specializes in providing AI-based fuel efficiency for ships.
Other companies like NVIDIA and Hitachi are also working on similar technologies.
90 percent of the global goods transportation is carried out by Maritime Ships are responsible for the 3 percent global carbon emissions. They also burn down fuel due to poor decisions. That’s the main reason why tech companies are investing in that kind of energy-saving technologies.
According to Nautilus, it can utilize AI to produce real-time analytics and alerts to ship crews that could assure savings on fuel by 10 percent on voyages. For example, if a ship comes to know that it is traveling too fast during the night; it could move slowly to save fuel.
That’s very necessary, as new international rules will push ships to cut down on pollution at all levels. Moreover, commercial ships across the world invest $100 billion yearly on some of the world’s dirtiest sulfur-rich fuel oil.
The prices of good quality, cleaner, high-grade fuel,and biofuel are very high, an additional incentive for companies to utilize less. Improving data efficiency will potentially cost less and the process is faster than some of the other efforts which are currently underway, including setting up scrubbers on commercial voyages that prevent sulfur not to mix in the air, and few other technologies.