eDrive system marine project boosts DG Innovate stocks

How often does pioneering technology truly have the potential to revolutionize an industry? In the ongoing quest for sustainability, DG Innovate has recently marked a significant milestone in maritime technology. On January 8, 2024, DG Innovate announced the successful completion of the first stage of its ambitious project to integrate its cutting-edge Pareta electric drive systems into marine operations.

The London-listed company, specializing in electric mobility and energy storage, delivered a fully-costed design for an integrated fuel cell and powertrain system. This innovation represents a leap forward in the marine sector, which has been urgently seeking ways to reduce its substantial carbon footprint. The electrification of marine vessels using DDGI’s Pareta e-drive system could be the answer, as it offers a zero-emission power solution. According to the company’s recent filing, the system can save an estimated 1,700 kilograms of carbon dioxide equivalent per hour when operating at 3 megawatts.

DG Innovate plc (LON:DGI) is an advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and storage, using abundant materials and the best engineering and scientific practices. Deregallera is a subsidiary of DG Innovate.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Path Investments

More articles like this

Path Investments

DG Innovate to raise £500,000 to support EVage JV

DG Innovate plc (LON:DGI), the advanced research and development company developing pioneering solutions in sustainable mobility and energy storage, has announced its intention to conduct a conditional fundraising to raise gross proceeds of approximately £500,000 by means of

Path Investments

Sodium batteries offer a promising future

Sodium-ion batteries have been in development for years, positioning themselves as an alternative to lithium-based batteries. Sodium is widely available, easily extractable, and ideal for industrial applications due to its abundant presence on Earth. It also

Path Investments

A new breakthrough in Sodium-Ion battery design

A recent advancement may hold the key to overcoming a persistent problem in sodium-ion battery design. Researchers have discovered that slowing down the heating rate during the manufacturing process can prevent the development of microcracks in

Path Investments

A promising alternative for future energy solutions

Growing interest in sodium-ion battery technology is fuelled by the increasing global demand for new energy solutions. Compared to lithium-ion batteries, sodium-ion batteries hold strong competitive advantages in terms of resource availability, cost, safety, and cycle

Path Investments

Sodium-ion batteries as a cheaper and safer energy solution

Sodium-ion batteries are gaining attention as a more affordable and safer option compared to lithium-ion batteries. These batteries utilise materials that are more abundant and cost-effective, such as sodium and aluminium, which can lower production costs