The company has received a £1.8 million grant from Scottish Enterprise. File Image / Pixabay
Maritime technology firm Smart Green Shipping has received £5 million of investment to develop wing sail technology.
The firm is set to launch a three-year research and development project for its FastRig technology, backed by £3.2 million of private sector investment and a £1.8 million grant from Scottish Enterprise, it said in an emailed statement on Thursday.
The firm plans to deliver a demonstration model on a commercial ship by next year, after carrying out initial tests at a land-based site at Peels Ports Hunterston Port and Resource Centre. The FastRig system can deliver at least 20% in fuel and emission savings, according to the company.
"Scotland's decision to support this project shows that wind technology has the might of a maritime nation behind it," Diane Gilpin, founder of Smart Green Shipping, said in the statement.
"Shipping has a long history of harnessing the power of wind, but digital technologies are allowing us to work towards making zero emission vessels a reality.
"Smart Green Shipping's FastRig wing sail technology offers a financially and technically robust solution to help support shipping's green transition."