STREAM- Sustainable Transport Through Renewable Energy And Maritime Transfer Services

Project Description

Ireland’s maritime sector is facing a major challenge in reducing emissions, as new EU rules require five key ports—Dublin, Cork, Rosslare, Foynes, and Waterford—to provide clean on-shore power for ships by 2030. This shift will demand a large investment of €140 million and a significant increase in electricity supply. However, funding is a major hurdle, and the Irish government may have to bear the financial risk.

There are also practical concerns. Upgrading port infrastructure in time is difficult, and using on-shore power is currently more expensive than traditional ship fuel, making it less attractive for shipping companies. There’s also a risk that future technologies, like fuel cells, could make these investments obsolete.

To tackle these issues, the STREAM project is developing off-grid, renewable-powered charging stations for ports. It aims to help ports become more energy-independent by using smart grids, energy storage, and advanced control systems. STREAM also focuses on creating better financial models and sharing investment risks, helping ports transition to cleaner energy in a more secure and cost-effective way.