What is the BlueInvest Project Pipeline?

See our showcase of innovative projects and entrepreneurs who are shaping the Blue Economy.

Projects consist of innovative, scalable and sustainable business ventures from traditional and emerging sectors of the maritime economy.

The graphs below provide an overview of the country distribution, sector, and TRL of projects currently listed in the BlueInvest Project Pipeline.

 

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Selection Criteria:

Your company is EU-based or from an eligible sea basin region (Georgia, Turkey, Ukraine, Moldova, Montenegro, Albania, Bosnia-Herzegovina, North Macedonia, Serbia, Turkey, Israel, Egypt, Tunisia, Algeria, Morocco, Lebanon, Syria, Libya, Mauritania, United Kingdom, or Norway)

Your project TRL is 4 or higher

Your project sector is in one of the 10 blue economy sectors identified for this initiative

Your solution has a clear sustainable impact on the blue economy

Your project is looking for investment

Project Country

Country in which the project is being developed and / or implemented. 

Project Sector

Main blue economy sector the project relates to.

Project TRL

Current technology readiness level of the project. 

Daretech

We design, build and operate bespoke hybrid power systems for marine applications.

The hybrid power system allows the existing diesel Genset to run at peak efficiency and then switches over to battery mode to provide power once fully charged. Renewable generation provides additional charge to the battery bank, further reducing the requirement for the diesel generator.

The operating principle is:

The electrical load is usually a fraction of generator capacity.

Excess generator capacity is used to charge the battery system.

Electricity for appliances is provided from the battery system.

The system is fully automated between the generator and battery controls.

  • Shipping & ports

Company behind project
Daretech

Ireland

About Us
Darren Hayes - CEO: Engineer and entrepreneur with over 11 years of industry experience including 7 years within Renewable Energy companies. Masters Degree (MEngSc) in Marine Renewable Energy (First Class Honours) University College Cork, Bachelor of Engineering in Mechanical Engineering, Cork Institute of Technology Patrick Grehan - Engineer / Director: Experienced in mechanical and electrical design with 4 years of industry experience. Masters Degree (MEngSc) in Marine Renewable Energy (First Class Honours) University College Cork Bachelor of Engineering (Honours) Electronic Engineering, Napier University, Edinburgh.


Problem we are solving
Less Fuel usage, Lower emissions, Reduced maintenance, Automatic operation, Remote monitoring & control.

Sustainable Impact on Blue Ecconomy
In the system we have previously built we have reduced running hours on the diesel generator by 89%, and an emission saving of 555kg in the first four weeks of operation. There are 33,000 vessels in our target market which would equate to 250,000 tonnes of emissions avoided each year.

TRL
  • TRL 9 - Actual system proven through successful mission operations

  • Readiness Assistance Beneficiary


Financial Needs500000.00

Planned Funding Allocation
  • Other, please specify