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Norsepower founder Tuomas Riski wins Young Entrepreneur Award

Norsepower founder Tuomas Riski wins Young Entrepreneur Award
Tuomas Riski (38), ceo of Norsepower is winner of this year’s Young Entrepreneur Award organised by YoungShip and Nor-Shipping, to be presented during the Oslo event.

The company was founded by Riski in 2012 to develop and commercialise the Norsepower Rotor Sail Solution, a modernised version of the Flettner rotor, designed to harness wind power as an additional power source. Since founding it has raised more than $10m of seed funding.  The Flettner rotor, first invented in the early 20th century, consists of a spinning cylinder that uses the Magnus effect to harness wind power to propel a ship, and is claimed to be 10 times more efficient than a regular sail.

Norsepower Rotor Sails can be used with new vessels or can be retrofitted on existing ships without off-hire costs. They are considered particularly suited for tanker, ro-ro, general cargo and bulker vessels, and have already produced independently verified savings of 6.1% in commercial operation aboard a 9,700 dwt ro-ro carrier.

Recently Maersk Tankers decided to trial the equipment aboard one of its LR2 tankers. Norsepower will supply two 30 m tall by 5 m diameter Rotor Sails to be retrofitted onboard the vessel, with expected fuel savings of 7-10% in average fuel consumption on typical global shipping routes.
 
The Norsepower team is at Nor-Shipping this week showcasing a live demo of the science behind their Rotor Sail Solution on stand 03-28c in Hall D.