Norwegian maritime startup ESG-NRG launches digital tool ETS Manager
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ESG-NRG, a maritime startup headquartered in Oslo, on Thursday (30 November) has introduced the ETS Manager, a digital tool designed to help maritime shipping companies navigate the EU Emissions Trading System (ETS) compliance.
Built with the commercial operator in mind, ESG-NRG said ETS Manager supports every stage from planning, trading, and holding EUAs, all from one digital screen.
Numerous features are available for free to shipping companies:
- Port-to-Port Calculator: Estimates ETS costs based on a user inputting fuel type, consumption, port calls and activities.
- Prediction Algorithms: Machine-learning models forecast EUA price movements with 65-70% accuracy over 5, 10, and 20-day intervals.
- Digital Trading Interface: Buy and sell back EUAs at low quantities with credit facilities if required, in addition to direct market access for instant trade execution.
- Trading & Trust Accounts: Hold EUAs in designated trading or trust accounts at a European bank
The ETS Manager also integrates with Voyage Management Systems, such as Dataloy VMS, enabling automated emissions tracking, purchasing on voyage fix/start/end, EUA requirement forecasts, cost allocation to cargo owners, and effortless reconciliation with EU-MRV Verifiers.
Founder & CEO Janek Ekeli, said: “Our vision is to empower shipping companies on their journey towards environmental sustainability and regulatory compliance. The ETS Manager is a culmination of our commitment to simplifying EU ETS compliance through innovation.”
ESG-NRG said its accomplishments include recognition as finalists in The Captains Table pitch competition during Hong Kong Maritime Week, receiving government grants from Innovation Norway and from key investors like TheFactory, Stirling Angeli, and marine fuel trading house ElbOil Group.
The startup added ElbOil Group is also supporting its trading activities and promoting ETS Manager across their offices in Hamburg, London, Dubai, and Singapore.
“The launch of ETS Manager addresses critical pain points in the maritime sector. Large fleets can capitalise on price fluctuations by forecasting EU ETS emissions in advance, while businesses involved in multiple cargo-owner scenarios can efficiently allocate costs to respective cargo-owners,” the firm said.
“The product’s uniqueness lies in its comprehensive focus on the buyer of EUAs—providing end-to-end digital solutions rather than calculations and an email service. Using ETS Manager means companies can handle EU ETS compliance internally, eliminating the need for outsourcing or additional hiring.”
The ETS Manager has officially gone live, with a webinar hosted in collaboration with Dataloy scheduled for 6 December, providing industry professionals an introduction to the digital tool.
Photo credit: ESG-NRG
Published: 6 December, 2023
