Emissions compliance provider Ahti has received major funding from Business Finland, a Finnish government organisation for innovation.
The funding will enable Ahti to accelerate the development of its Ahti Pool, further internationalise its business offering, and maintain full unbiased neutrality when helping clients navigate their complex energy transition decisions. Ahti’s proprietary service, Ahti Pool, is said to be the first FuelEU Maritime compliance pool, and demonstrates the growing importance of emissions compliance within the maritime industry.
Ahti, founded in 2022, uses digital tools and data science to address the need to make shipping emission compliance simpler and more cost-efficient. With the support of Business Finland, Ahti will continue to build upon its Ahti Pool solution and expand its global reach. The funding is seen by Ahti as a significant milestone, endorsing growth plan; Ahti Pool’s product differentiation; and the huge commercial opportunities in the maritime emissions compliance market.
Using tools it has developed to manage Ahti Pool, the world’s first FuelEU Maritime compliance pool, Ahti has calculated that the use of one e-methanol vessel on voyages within the European Union’s waters could make 70 vessels using HFO compliant. By comparison, under the FuelEU Maritime regulations, an LNG vessel with a low-speed engine could only be used to make five HFO-fuelled ships compliant.
Risto-Juhani Kariranta, CEO Ahti, said: “We are very pleased to receive this funding from Business Finland, which is evidence of the impact – and major potential – of our concept to advance and streamline emissions compliance within the maritime industry. With this support, we can deliver a further enhanced solution that’s cost-efficient and unbiased to any compliance method.”
Lari Rajantie, Advisor for Startup Funding, Business Finland, said: “Business Finland is proud to support Ahti as it continues to develop cutting-edge maritime emissions compliance solutions for an industry that urgently needs to reduce its environmental footprint. Ahti’s innovative service, Ahti Pool, has the potential to cost-effectively transform the maritime industry and contribute to a more sustainable future for all. We expect a bright future for Ahti.”
Image: Ahti Pool (source: Ahti)
