Emissions analysis technology company Tunable reports that it has secured NOK 40 million (approx. US$3.8 million) in funding from new investor Wilhelmsen and existing shareholders, to fund further international growth.
Tunable’s gas measurement technology is used to measure and manage emissions by recognising complex patterns and providing real-time data. In maritime the technology can be used for analysis of ship exhaust to enable instantaneous reporting on greenhouse gases (GHG) such as CO2 and CH4, as well as pollutants including CO, NO, NO2 and SO2.
Insights into the composition of emissions can be used to highlight avenues for process optimisation and engine control, to develop targeted measures to reduce fuel consumption, operational costs, and overall emissions.
“We believe accurate measurement and emissions transparency are the foundation of the maritime industry’s ambitions of viable net zero pathways,” said Nakul Malhotra, Vice President Emerging Opportunities Portfolio at Wilhelmsen.
“We are excited, therefore, to join Tunable’s journey in progressing solutions that aid this process and look forward to seeing wider collaborations in this space.”
Tunable reported more than NOK 75 million (approx. US$7.1m) in orders in the past twelve months, fuelled by demand within the LNG carrier segment, where its natural gas measurement systems are used in optimising fuel efficiency by measuring boil-off gas.
