New ways of working
I may not share my individual views on big issues with everyone in our community, but we all share a passion at Thetius. Its roots are in looking out for each other, our sector and our environment. Taking timely action where we believe it is most necessary is the driving force behind our latest initiatives.
Thetius:ZERO (TZ) is one of our stimulating instruments for change. We hope to affect the industry by generating collaboration, facilitating innovation and causing actualisation of real world working solutions. Advancing decarbonisation ability and infrastructure within the maritime industry in the next 12 months is the aim. Larger organisations are seeking to solve issues 5 – 10 years in advance – at Thetius we are embracing the build-measure-learn process. Its goal is to turn uncertainties, assumptions and risks into knowledge.
When we consider change resistance, the shipping business and the UK Government experience similar difficulties. There are research and development funds available. The fund holders will allocate it only if there’s a tangible reward. Often this gain has to check boxes, and fit certain criteria. Economic growth, further revenue generation or cost savings are the utmost priority. For example, according to the clean maritime plan (2019) elements of the global market for alternative maritime fuel production technologies could rise to around £11 billion per year by approximately 2050. Which may result in UK economic benefits of £510 million per year.
Although this is attractive to the UK GOV, there should be more methods to reduce the carbon footprint of maritime transport and strengthen the competitiveness of individual companies. Concentrating on monetary return is at odds with innovation and effective evolution. This is all without mentioning the “cost” of environmental pollution. Of course, it’s important to make high profits continually, but it may not be the best long-term decision. We can look elsewhere to see how government, corporations and academia work for the betterment of the field and nation. Balancing what is invaluable to one stakeholder with another isn’t easy. During our recent staff conference, we established what we value.
We consider value not only in revenue but in – Influence, Impact, and Opportunity.
Government funding is hard to access for startups and growing organisations like Thetius. Also, becoming an approved organisation is lengthy and can be exclusive. So we are entering the fray to support corporations in their digital transformation and environmental action journeys. By working together to tackle an issue that affects everyone. Enter Thetius:ZERO stage left.
At Thetius, we see society is dependent on the transportation industry, providing economical, dependable, and secure transport for everything we buy, our energy, and our food. We know it is almost impossible for shipping companies to transform the industry by innovating in isolation.
Startups find it difficult to make an impact on their own as well, since they lack the necessary foundation to act on a grand scale. Thetius Zero (TZ) aims to connect ambitious startups with innovative solutions to reduce GHG emissions together with powerful corporations that have the infrastructure to operate at scale. TZ kicked off this week on 13th March, 2023 and Leaders’ will start in April 2023.
We are in good company too.
This is what stakeholders have been waiting for. Involved organisations have welcomed the opportunity to join other early adopters and actors. Participating in the solution and reaping the commercial benefit these bring are why these initiatives will prove to be so successful. Working together and enabling partnerships is nothing new, but bringing the right people to the table is far from easy.