Shipboard heat recovery agreement
Under the agreement, Calnetix will supply the Carefree Integrated Power Module (IPM) and other proprietary components, and Tokyo Boeki’s Energy Industries Division will manufacture the finished Hydrocurrent systems.
Because the product will be sold and supported by Mitsubishi Heavy Industries Marine Machinery and Engine Company (MHI-MME), Calnetix will establish a manufacturing facility in Japan close by and near to major shipbuilding yards in East Asia, helping to facilitate market penetration.
Vatche Artinian, CEO of Calnetix, said: “Tokyo Boeki will be a valuable partner for Calnetix and MHI-MME to move the Hydrocurrent product into mass production and adoption in the global maritime industry.”
Introduced in 2014, the Hydrocurrent system was developed jointly by Calnetix and MHI-MME. It uses an ORC heat recovery process and Calnetix’s patented turbo power conversion technology to convert thermal energy from jacket water in the ship’s engines into electric power.
The first commercial Hydrocurrent system was installed and commissioned in March 2016 on the A.P. Møller containership MV Arnold Maersk, and has been in continuous service since.
Tokyo Boeki Machinery Energy Industries Division provides worldwide electricity, gas, petrochemical, and other energy industries with loading arms (fluid loading and unloading equipment) and other related equipment. These contribute to the stable supply and security of LNG and petroleum energy sources.
