Albert Kreutzer ’25
Mechanical and Aerospace Engineering
Opportunities and Challenges of Liquified Petroleum Gas as a Marine Fuel
My project examined the uptake of energy-efficient technologies on ships. The problem of the uptake of these technologies can be split into two components: the split-incentive problem of financing, and the risk and uncertainty assessment regarding the technology. Our tasks contributed more to the uncertainty assessment of the efficiency measures, where we specifically looked at the devices and measures themselves and identified potential solutions for measuring their effectiveness and lowering the uncertainty. This involved integrating knowledge on the specific technology and the general shipping industry in order to identify the best possible solution. I also met with other stakeholders in the industry, which was an incredible opportunity to gain insight into their workflows, and an understanding of how the industry is working towards global environmental targets. All in all, this experience has taught me a lot about the challenges that the future holds, but has made me hopeful that the world will face these challenges.
Innovation and a New Energy Future
Global Centre for Maritime Decarbonisation - Singapore
Lynn Loo, Chief Executive Officer, Global Centre for Maritime Decarbonisation