LNG Dual-Fuel Engine and ESS Equipped
Reducing Carbon Dioxide and Improving Fuel Efficiency
Hyundai Heavy Industries Group Information and Communication Technology (ICT) Convergence Electric Propulsion Smart Ship
[Asia Economy Reporter Oh Hyung-gil] Hyundai Heavy Industries Group has successfully commercialized a ship electric propulsion solution developed with independent technology for the first time in Korea.
On the 29th, Hyundai Heavy Industries Group announced that it had built and held a naming ceremony for the 'ICT Convergence Electric Propulsion Smart Ship' equipped with an eco-friendly and high-performance electric propulsion solution in collaboration with the Ministry of Trade, Industry and Energy, Korea Institute for Advancement of Technology, Ulsan City, and Ulsan Information Industry Promotion Agency.
The naming ceremony held at Hyundai Mipo Dockyard in Ulsan was attended by key officials including Kim Hyung-kwan, President of Hyundai Mipo Dockyard, Kim Du-gyeom, Mayor of Ulsan, and Song Hyun-joo, Director at the Ministry of Trade, Industry and Energy.
The electric propulsion solution, a core facility of electric propulsion ships developed by Korea Shipbuilding & Offshore Engineering, features low-carbon and high-efficiency technologies such as engine variable speed control and optimal energy control systems based on a DC-based LNG (liquefied natural gas) dual-fuel engine and an energy storage system (ESS).
Hyundai Heavy Industries Group conducted two sea trials in August and October, reducing carbon dioxide emissions during operation by about 40% compared to conventional ship diesel engines, and improving fuel efficiency by 6% through optimal engine control. The amount of carbon dioxide reduction is equivalent to the emissions of 100 cars.
Additionally, the LNG dual-fuel engine has enhanced performance to adjust power output about 100 times faster than existing engines. Depending on the navigation environment and speed, three modes can be selected: zero emission propulsion using only the battery, normal navigation using the engine, and boosting using both the engine and battery.
The electric propulsion solution recently received the 'CES 2023 Innovation Award' from the Consumer Technology Association (CTA) in recognition of its technological capability and innovation.
The 'ICT Convergence Electric Propulsion Smart Ship' equipped with the electric propulsion solution is a 2,700-ton vessel. Ulsan City plans to complete operational sea trials by next month and operate it from next year for equipment demonstration tests, education, and tourism purposes.
According to global research firm Straits Research, the global electric propulsion ship market, which was valued at $4.9 billion last year, is expected to grow at an average annual rate of 11.24% to reach $12.78 billion by 2030.
A Hyundai Heavy Industries Group official said, "It is meaningful that we independently developed the electric propulsion solution previously supplied by overseas companies and successfully completed sea demonstration, delivery, and the naming ceremony," adding, "We will lead the electric propulsion ship market by securing technology for large vessels as well."
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