Company Name: Silverstream Technologies
Headquarters: 58 Grosvenor Street, London
Headcount: 11-20 people
Profile: Silverstream Technologies B.V. has pioneered air lubrication within shipping for over 10 years, and has invested significantly in the research, development, and testing of air lubrication for ships.
The Silverstream System reduces frictional resistance between the water and the hull surface, dramatically reducing fuel consumption and associated emissions.
The technology is unique in that it is the only proven air lubrication technology that can be retrofitted in 10 days or less, as well as being applicable for new-builds.
It lasts the lifetime of the ship, is complementary to and can be used in conjunction with other clean technologies, and the return on investment is typically between two and five years.
All the green business news from around the world this week
'Long overdue': Financial Reporting Council to launch sweeping review of corporate climate disclosures and auditing practices
Financial accounting watchdog stresses companies already have a responsibility to report on environmental impacts and climate risks, as major new review hints at stronger enforcement action down the line
Mike Hower takes a biomimicry hike and reflects on what sustainability executives can learn from the desert
Food giants cultivate new pilots and financing programs