ExploMar, a Shanghai-based startup, sells hydrogen-powered marine power systems. Its founders came from a variety of backgrounds, including automakers, shipbuilders, energy corporations, and other businesses.
“We can develop power systems that meet client demands and display our thorough grasp of the maritime industry’s decarbonization road map by introducing and combining technology from other industries,” said founder Dong Jiang.
ISLANDWAVE, ExploMar’s first-generation hydrogen-based marine power system, is designed for ships requiring 100 to 1,000 kW of electricity. According to the business, the system can address issues such as growing costs and the negative environmental effect of fuel oil-based power systems. Hydrogen power is regarded as a safe and efficient source of energy since it does not emit carbon dioxide.
When it comes to making judgments on the firm’s growth plan, the company claims that the different backgrounds of its founding members are critical.
When asked why the business is focusing on the shipping sector, Dong explained that, while the use of hydrogen fuel cells in commercial vehicles is quickly growing in China, it is mostly subsidized.
“Through experience and market trend research, our team has discovered a more potential market,” he stated.
ExploMar’s purpose in China is to assist manufacturers of public vessels and port workboats in meeting their decarbonization requirements as part of the government’s carbon neutrality agenda.
In the United States, Singapore, and China, the business has created a power system for leisure boats, port workboats, and survey boats.
Its goal is to create ecosystems for the emerging pleasure boat sector while also developing distinctive technology and trustworthy goods. With the goal of establishing a benchmark firm in the field of hydrogen-based marine power systems, it also wants to construct research and development centers as well as experience centers in nations with sophisticated maritime industries.
In October, ExploMar secured money in a seed fundraising round sponsored by K2VC, a Chinese venture capital firm, and the company has already began collecting orders in China and creating systems for other countries. The firm is also in the process of securing new finance.
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