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Former CISCO CTO and Director of Innovation joins Silverstream as Chief Data Officer 

LONDON, 13 DECEMBER 2022: Silverstream today announced the appointment of Nick Chrissos as Chief Data Officer (CDO) to lead the company’s data strategy at a pivotal time of growth for the business. Nick joins Silverstream following two decades at global technology giant Cisco, where he held various roles including Chief Technology Officer (CTO) globally for small businesses, and Director of Innovation in EMEAR.

As the innovation leader for Cisco in Europe, Middle East, Africa and Russia, Nick was involved in some of the most technologically advanced projects in the world, from smart cities and autonomous vehicles to agriculture robots and fish farming automation. During this time, he led some of the best engineering teams to create viable solutions for deploying cutting-edge technologies across multiple sectors and industries.

Nick’s appointment marks a significant moment for Silverstream as the company places increasing strategic importance on customer data to its overarching value proposition. Nick, and the existing data science team he will lead at Silverstream, will help the business fully utilise the power of its data. Through the application of advanced data analytics, AI and machine learning tools, this data can be hugely valuable to customers and support optimal use of Silverstream’s technology, as well as other aspects of ship operation. 

Nick Chrissos, CDO, Silverstream Technologies, said: “Playing a central role in the evolution of Silverstream, and to the disruption of an industry that is ready for digitisation, was an opportunity that I couldn’t resist. Silverstream’s technology is already successful in the market but having the urge to take it much further, believing in the power of the data, and investing in the R&D around new solutions, defines Silverstream as an innovation leader in maritime. What we are trying to achieve requires brilliant vision and huge effort, but this all depends on the calibre of the people and the unique culture of the company underpinning it. This was for me the most critical factor when I agreed to join Silverstream.”

Noah Silberschmidt, Founder & CEO, Silverstream Technologies, said: “Bringing onboard a data and innovation leader from one of the world’s top technology organisations is very exciting for Silverstream and is another sign of where we are headed. Nick will provide strategic direction and industry-leading expertise to our data practices and will help Silverstream generate new value streams for our customers. We are at the tip of the iceberg when it comes to harnessing the true power of our data, and Nick’s experience in creating innovative products and services based on that data will prove to be a very strong asset for Silverstream in the coming years.” 

 

Silverstream joins forces with industry leaders on EU-funded maritime decarbonisation project

Silverstream Technologies has announced that it is part of a consortium led by the University of Vaasa which has been granted EU funding under the Horizon 2020 research and innovation programme to accelerate shipping’s decarbonisation pathway. 

Project CHEK – deCarbonising sHipping by Enabling Key technology symbiosis on real vessel concept designs – combines the expertise of a range of market leaders, including Silverstream Technologies, Cargill Ocean Transport, MSC Cruises, Wärtsilä, Lloyd’s Register, Climeon, Deltamarin, BAR Technologies, Hasytec Electronics and World Maritime University, all with the aim of reducing shipping’s emissions through the integrated use of low-carbon energy forms and propulsion systems, combined with energy efficiency technologies.

The consortium will work together to demonstrate the impact of a holistic approach to emission reduction in the design of two concept vessels; a bulk carrier, which will utilise sails to capture wind energy, and a cruise ship powered by hydrogen fuel. Both ship designs will feature Silverstream’s air lubrication technology – the Silverstream® System – as a central part of a suite of complimentary energy efficiency technologies. The Silverstream® System has been proven to generate between 5-10% net emissions savings, depending on vessel parameters. 

By treating energy efficiency as a fundamental building block of vessel design, and combining it with the application of clean technologies and future fuels, it is estimated that the designs will achieve a 99 percent reduction in greenhouse gas emissions and a 50 percent reduced energy consumption. 

Speaking on the new consortium, Noah Silberschmidt, CEO, Silverstream Technologies, said: “Bold and progressive vessel designs that combine the most effective clean technologies with the cleanest future fuels are an obvious and necessary next step for a sector that needs to tackle decarbonisation today. This project recognises the central role that efficiency technologies will play in that decarbonisation journey. It also reflects the fact that only by uniting the best efficiency ideas and practices in integrated and intelligent designs will we achieve our goals.

“I am pleased that Silverstream can apply our years of experience of delivering and operating clean technologies to this project. We will continue to work closely with all partners in the consortium to ensure we make significant progress and fulfil our shared vision of a more sustainable shipping industry.” 

Project CHEK is scheduled to commence in spring 2021. The consortium believes that the holistic approach to emissions reduction pioneered in the two initial vessel designs can also be applied to other vessel types, such as tankers, container ships, general cargo vessels, and ferries. 

The project will also prepare for future scenarios and conduct an analysis of factors affecting the development potential for low-carbon shipping, including current and planned infrastructure.