Pacific Green Technologies Inc.
16.12.2021 15:06:08 CET | ACCESS Newswire | Press release
Pacific Green Makes Key Appointment as it Enters the Commercial Marine Wind Propulsion Technology Sector
DOVER, DE / ACCESSWIRE / December 16, 2021 / Pacific Green Marine Technologies Inc. a fully owned subsidiary of Pacific Green Technologies Inc. ("PGTK") (OTCQB:PGTK) has appointed wind propulsion technology expert George Thompson as a lead consultant to assist the group entering the rapidly expanding wind propulsion market in the marine sector.
George Thompson joins Pacific Green from BAR Technologies, the technical spinoff of the UK based America's Cup team where he worked on the company's aerofoil system developing technology and modelling foil performance using artificial intelligence and machine learning techniques.
George said "It is great to join Pacific Green and work with such a dynamic and forward-thinking group of people with a vast amount of real-world commercial shipping technology experience" he stated. "The wind propulsion market is gaining momentum fast and I was surprised how progressed Pacific Green's work was on wind propulsion technology upon joining the group. We are perfectly placed now to accelerate the current work to deliver this technology to Pacific Green's clients."
Pacific Green's Chief Technology Officer, Don Stephen, said: "We have been researching several forms of hybrid power over the past twenty-four months and now have a clear strategy to develop a platform of industry leading technologies to assist ship owners achieve real fuel savings and help the shipping industry meet the carbon dioxide reductions required by the International Maritime Organization. Entering the wind propulsion sector is the first step"
Pacific Green is already one of the world's leading exhaust gas scrubber suppliers, with a client network already benefitting significantly in the reduction of marine emissions. The division's focus has now turned its attention to fuel efficiency and the reduction of carbon emissions with its entry into commercial wind propulsion as its first step.
Pacific Green CEO Scott Poulter said: "Entering the commercial wind propulsion sector is the next platform for Pacific Green to develop this division to become the world's leading Marine Environmental Technologies companies. If we could repeat the rapid growth we experienced in the Exhaust Gas Scrubbing sector then we will dominate in the wind propulsion sector within a very short time."
Scott added: "Entering this sector allows us to really leverage our marine division's existing client relations who have over 500 ships, our technical capabilities along with being unique in scaling capacity with our manufacturing partnership with PowerChina and extensive shipyard relationships. We will be ultra-competitive in delivering in the wind propulsion sector and want to make some big steps very quickly to establish ourselves."
Don added: "I am sure Pacific Green will be making numerous announcements on its wind propulsion technology development in the months to come."
The United Nations International Maritime Organization Agency (IMO) has set an industry goal of reducing every ship's carbon intensity-the emissions by weight per distance travelled-by at least 40% by 2030, compared to 2008 levels.
In June 2021, it introduced new rules for compliance with specific measures of efficiency and carbon intensity that ships will need to meet by 2023. The IMO has also set a goal of cutting total greenhouse gas emissions from the shipping industry by 50% by 2050.
These targets could soon get even more stringent since the emissions rules are due for revision in 2023. Roel Hoenders, head of the IMO's air pollution and energy efficiency section, has said the revision will "very likely contain more ambitious and more far-reaching goals."
About Pacific Green Technologies, Inc.
Pacific Green Technologies Inc. is focused on addressing the world's need for cleaner and more sustainable energy. The Company offers Battery Energy Storage System (BESS), CSP and PV energy solutions to complement its marine environmental technologies and emissions control divisions.
For more information, visit PGTK's website:
www.pacificgreen-group.com
Notice Regarding Forward-Looking Statements:
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, entering into the commercial wind propulsion sector, the timing of the development of such sector, Pacific Green being able to dominate in the wind propulsion sector, and its ability to be competitive in the wind propulsion sector.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions and the ongoing impact of the COVID-19 pandemic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
Scott Poulter, Chairman & CEO
Pacific Green Technologies
T: +1 (302) 601-4659
SOURCE: Pacific Green Technologies, Inc.
View source version on accesswire.com:
https://www.accesswire.com/678048/Pacific-Green-Makes-Key-Appointment-as-it-Enters-the-Commercial-Marine-Wind-Propulsion-Technology-Sector
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.
About ACCESS Newswire
Subscribe to releases from ACCESS Newswire
Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESS Newswire
Chervon Names Devin Murray Director of Sales - Northern Division19.10.2026 15:00:00 CEST | Press release
NAPERVILLE, IL / ACCESS Newswire / October 19, 2026 / Devin Murray joins Chervon as Director of Sales - Northern Division, effective October 19, 2026, reporting to Thomas Kentouris, Vice President of Field Sales. Murray joins Chervon after completing a six-year fast track career in TTI sales and sales management. Most recently, he was a Key End User Account Manager for Milwaukee charged with growing the pro tool business with large end users. Murray's exceptional recruiting skills and leadership skills enabled him to build, manage and inspire highly effective sales teams at the store level. His account management prowess resulted in outstanding sales results and strong partnerships with multiple national accounts. "Early in his impressive career, Devin was identified as a high potential future superstar executive," said Thomas Kentouris. "His large end user pro tool experience is exactly what we need to help build our pro tool leadership position. His inspiring leadership skills combin
Chervon Names Krystle Adams Director of Sales Recruiting19.10.2026 15:00:00 CEST | Press release
NAPERVILLE, IL / ACCESS Newswire / October 19, 2026 / Krystle Adams joins Chervon as Director of Sales Recruiting, effective October 19, 2026, reporting to Matt DeFeo, SVP of Sales, Training and Recruiting. Over the past 9+ years, Adams has advanced through a series of increasingly responsible sales and recruiting positions at TTI. Earlier in her impressive career, Krystle distinguished herself as an outstanding sales representative and sales manager delivering consistently strong results. Most recently, she was a National Recruiting Operations Manager responsible for leading, coordinating, and implementing recruiting efforts across campuses nationwide. Krystle has demonstrated exceptional skills in developing and leading campus and field sales recruiting efforts. She also designed and executed a thriving national college internship program. "I feel incredibly fortunate to now have Krystle Adams in place to launch Chervon campus recruiting," said Matt DeFeo, SVP of Sales, Training and
Chervon Names Terry Lucero Director of National Accounts - Industrial19.10.2026 15:00:00 CEST | Press release
NAPERVILLE, IL / ACCESS Newswire / October 19, 2026 / Terry Lucero joins Chervon as Director of National Accounts - Industrial, effective October 19, 2026, reporting to Jeff Campbell, Senior Vice President of Industrial Commercial Sales. Lucero brings 25+ years of extensive experience in building professional tool businesses at national accounts, regional accounts, at the store level and at the end user level. Lucero started his career at Dewalt where he advanced through a series of sales, sales management and end user marketing positions over 5 years driving professional tool growth. Lucero went on to WW Grainger where he progressed through a series of business development and sales management positions. He was also a sales manager of professional equipment at United Rentals. Most recently, Lucero served as a director of sales at APEX Tool Group for the Americas. "Terry's impressive pro tool experience in industrial distribution, national account management and end user marketing make
Tenstorrent Announces a $1.5B Series E at a $6.2B Valuation19.10.2026 14:00:00 CEST | Press release
SANTA CLARA, CA / ACCESS Newswire / October 19, 2026 / Tenstorrent, the AI computing company, has closed $1.5B in Series E funding at a $6.2B post-money valuation. The round was led by Trace Capital and Innovation X, with participation from new and existing investors including Agostinelli Group, ARK Invest, Brett Barna, Cadence Ventures, Eclipse, Fidelity Management & Research Company, Maverick Silicon, Morgan Stanley, Protagonist, Sandisk, T. Rowe Price*, Tether Investments, Troluce Capital, Virtu Financial, and XTX Markets. Tenstorrent will use the capital to deploy Galaxy servers at scale, continuing to serve open-weight models across LLMs and video generation, and advance the AI and CPU IP it licenses to customers designing their own silicon. Tenstorrent sells AI compute at every level of the stack - from a single card or workstation to racks, superclusters, and custom IP. With an open-source software stack, developers can run frontier models locally and enterprises can deploy mode
OxyDew Analyzer: One Compact Instrument, Two Critical Gas Measurements19.10.2026 08:00:00 CEST | Press release
NAVAN, IE / ACCESS Newswire / October 19, 2026 / DwyerOmega introduces the new Ntron OxyDew Analyzer, a fully integrated solution that combines oxygen and moisture dew-point measurement in a single, compact wall-mountable analyzer. The result: fewer instruments to install, wire, and maintain, without sacrificing the accuracy and reliability that critical gas quality monitoring demands. By uniting two proven sensing technologies in one instrument, OxyDew cuts equipment costs, simplifies installation, and reduces ongoing maintenance, all without compromising performance. Operators monitor oxygen concentration and dew point simultaneously through a 3-inch color touchscreen, giving them a single point of control instead of two separate systems. OxyDew is available now throughout Europe and Asia Pacific. Integrated Dual Measurement for Reliable Process Monitoring At the heart of OxyDew is the integration of the proven Ntron SenzTx Oxygen Transmitter and Michell Easidew Dew-Point Transmitter
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom