An investment program to increase the advancement of maritime sustainability has resulted in a strategic loan for EST-Floattech. 

An investment program to increase the advancement of maritime sustainability has resulted in a strategic loan for EST-Floattech. 
 
EST-Floattech will use the investment, secured with the assistance of Nesec Financiering, for the ongoing advancement and production of the maritime type-approved Octopus Series battery systems. 
 
The battery system, for the propulsion of hybrid and fully electric vessels, is specifically designed for the maritime industry, including inland and short-sea shipping, ferries, tugs, push-boats and yachting. 
 
The Octopus Series battery system is modular in design, ensuring the system can be tailored to the correct capacity for different types of vessels. The system can be installed inboard or containerised on deck. In-house-developed software monitors (dis-)charge status, temperature, and more parameters to ensure safe and efficient use of the system. The combination of hardware and software proivides a significant reduction in fuel consumption, emissions, and noise pollution. 
 
The European Union plans to increase the volume of goods transported by inland waterways and short sea routes by 50% compared to 2015 levels. At the same time, the EU Emissions Trading System (ETS) is expected to be rolled out to smaller vessels, with cost implications for CO2 output for vessels serving these routes. Both directives make the electrification of vessels increasingly attractive to operators and represent opportunities for EST-Floattech. 
 
Joep Gorgels, Co-director at EST-Floattech, states, &ldquo;The contribution of Nesec Financiering&#39;s to the funding round with Energietransitiefonds Rotterdam, Rotterdam Port Fund, PDENH, Ponooc, and Yard Energy is important to bring EST-Floattech and thus maritime sustainability to the next level. This investment supports our commitment to revolutionizing the maritime industry with the Octopus Series battery systems and redefining the industry&rsquo;s sustainability standards, paving the way for a cleaner, greener future.&rdquo; 
 
Joost Bout, Relationship Manager of Nesec, said, &ldquo;With over 75 years of experience in providing funding for the shipping sector, this loan for the advancement of EST-Floattech&rsquo;s maritime battery systems represents a new arena for us. This is a clear sign of the times, and the work of EST-Floattech is playing a crucial role in supporting maritime operators in achieving their sustainability objectives. Nesec is very proud to support this important work and contribute to the sustainability of our environment and of our sector for future generations.&rdquo; 
 
EST-Floattech will exhibit at Seawork in the&nbsp;Dutch Pavilion hosted by&nbsp;<a href="https://seawork.com/newfront/news/dutch-go-national-at-seawork-2024">Netherlands Maritime Technology (NMT).</a> 
 
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