The Power Of Wind: Interview With Bound4blue Founder
Shipowners and operators may be able to decrease their fuel-related costs and pollutant emissions up to 30%, thanks to a new system created by Bound4blue. The Spanish company aims at delivering automated wind-assisted propulsion systems (also called wingsails) that can be integrated onto a wide range of vessels. The Beam spoke with one of the founders, José Miguel Bermúdez.
Who are the people behind Bound4blue?
The project was founded by Cristina Aleixendri, David Ferrer, and me, José Miguel Bermúdez. The three of us are aeronautical engineers, which clearly served as the foundation of the technology developed. We found soft sails installed in sailing boats or yachts, but none in commercial vessels. We believed we could apply our knowledge in aeronautics to build a high-lift device for the shipping industry adapted to its requirements, that could be the solution to the two showstopper challenges they are facing: high fuel operating expenses and emissions reduction pressure from international entities.
We have been selected as one of Europe’s most promising innovators under 35 by MIT and featured amongst the 30 brightest industry European entrepreneurs under the age of 30 by Forbes. The design, manufacture, and launch of scientific capsules to the space, the construction of efficient wind towers, or the deployment of Geodetic Quality Sea-Ice drift buoys in the Arctic are some examples that precede our team and that mark a business and technological trajectory for Bound4blue.
The team is nowadays formed by 15 people, who combine several expertise in different fields of business and engineering, including aerospace engineering, naval architects, electronics engineering, statisticians and mechanical engineering.
How exactly do the automated wind assisted propulsion systems work? Can we talk about renewable energy in this case?
Bound4blue’s wingsail system generates effective thrust from wind power and thereby reduces the engine power required, saving fuel and pollutant emissions. For example, one of the latest cases we are working on is a Handysize (183-meter length) vessel, operating in the route Busan (South Korea) – Seattle (US). In this case, installing two 30-meter units of our system, we can save more than 940 tons of fuel per year, which represents more than 2,900 tons of CO2 savings per year, with an investment payback period of less than three years. Having successfully passed all the tests in the prototyping phase and being within the pilot phase, our systems are now being implemented on four ships.
So to sum up, of course we can talk about renewable energy in this case. The only source we are using in the overall process is the wind power, which is directly used to propel the ships with no intermediate energy conversion. In the end and from a conceptual point of view, it is the same process that humanity has been using for thousands of years, using the wind to navigate.
Image courtesy Bound4blue
What makes this technology innovative?
Bound4blue’s innovative technology is a creative application of an already existing one. Wind was once used centuries ago to propel vessels, so it is as simple as going back to the basics but using 21st century aeronautical technology. The solution was inside the industry from the very beginning, but we were able to take our aeronautical knowledge and build it on top of an ancient concept to create Bound4blue’s solution. The challenge we had to deal with was adapting this technology to commercial vessels and finding solutions to problems that are specific to those vessels.
Our technology is capable of providing double-digit fuel savings and emissions reduction with a payback below five years, it can be folded (useful for fleets with air-draft or operations limitations), it has extended operability thanks to the rotation capability and it works with a simple and fully autonomous operation, so no extra training or workload from the crew is required.
What can its impact on the shipping sector be? How can it help reduce emissions in the long term?
Maritime transport is a key industry for our society, transporting over 80% of the worldwide cargo. However, its pollutant emissions are a major environmental challenge. Maritime transport accounts for 3% of the global CO2 emissions, 15% of NO worldwide emissions and 13% of SO2 global emissions; it is having a direct impact on our planet in forms of global warming or acid rain, and being responsible of 14 million cases of childhood asthma each year and 60,000 cardiopulmonary and lung cancer deaths annually. In fact, maritime transport generates as much CO2 as the sixth most polluting country in the world, and the 16 largest vessels in the world generate the same amount of Sulphur emissions as the entire global fleet of cars.
Our technology reduces the emissions produced in the maritime transport of cargo and people by decreasing the use of fossil fuel with the same level of energy used by the ship. According to the Impact Forecast Analysis we carried out using the Climate Impact Forecast tool, more than 590 thousand tons of CO2 emissions will be saved in the following five years due to Bound4blue’s forecasted installations. So our technology will be a massive emission saver in the upcoming years. Also, our solution provides huge opportunities to modernize the infrastructure which will create new jobs and promote greater prosperity across the globe.
What kind of setbacks have you encountered, and what kind of support helped you get through? Where will future endeavors bring you?
As with any product development, there is a risk of obtaining lower performances and not achieving the desired economic viability for the market. The technological and practical feasibility have been proven so far by our land prototypes and the demo is being run for merchant and fishing vessels.
Bound4blue’s solution is highly capital intensive, but we have already succeeded in raising over €5.8 million contribution from private investors and grants. In this type of venture, there is always a risk of slow market acceptance and adoption, but interest in the product has already been proven. Bound4blue has received funding from the European Regional Development Fund throughout several projects granted by the Government of Catalonia and the Government of Cantabria, as well as from the European Maritime and Fisheries Fund (EMFF) throughout two projects which are being developed right now together with other European companies. Moreover, Bound4blue received funding from EIT Climate KIC and presently financial support throughout the extraordinary COVID-19 venture support call. EIT Climate KIC has supported us with financing, mentoring, training and access to a global network of investors, as well as increasing our media exposure. They have helped us translate our business model into more transactions with customers that are validating our core value proposition, as well as enabled us to attract more capital to progress into the next stage in the business development.
Bound4blue is now at a pre-commercial stage. The next step is to implement a worldwide industrial network (shipyards, systems manufacturing and assembly), as well as to grow the team in the business development and commercial departments to expand operations and boost sales in Europe and Asia. Moreover, we will undergo incremental development to decrease costs while increasing efficiency and security.
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Bojangles, the North Carolina-based chain known for its fried chicken and biscuits, is joining the growing list of fast food chains installing EV chargers in their parking lots.
The restaurant chain is working with Smart Big Box, Alyath EV, and Energy and Environmental Design Services to install turnkey EV charging stations at a “wide range” of its 800 restaurants, which are concentrated heavily in the southeast US. The rollout starts in late 2025, with most chargers expected to be available by sometime in 2026.
Each Bojangles location getting EV chargers will offer at least four ports. The stations will vary between Level 2 and DC fast chargers.
Bojangles CIO Richard Del Valle said, “Working with Alyath and Smart Big Box allows us to introduce a new convenience that aligns with evolving customer needs.”
It’s a smart move. The charging stations will let people plug in and power up, and they’re more likely to dine at Bojangles while they’re doing so. Plus, Bojangles will get a reputation for having charging stations, so EV drivers will be more inclined to head toward the restaurants as a reliable power source.
Cristiane Rosul, CEO of Alyath, said the partnership “not only benefits EV drivers but also positions Bojangles as a leader in the future of quick-service dining.”
Smart Big Box has contracted with Energy and Environmental Design Services as the exclusive installer and maintenance partner for all EV chargers.
Read more: Waffle House is getting DC fast chargers – and it’s a genius move
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Toyota’s electric SUV is now its cheapest vehicle to lease. After slashing lease prices again, the Toyota bZ4X is listed for lease at just $199 per month in some states. That’s even cheaper than a Corolla right now, even though it’s nearly double the price.
Toyota bZ4X is now cheaper to lease than a Corolla
The 2025 Toyota bZ4X already starts at $6,000 cheaper than the previous model year, but with a new promotion this month, it’s even more affordable.
Toyota is at it again, having cut lease prices once more this month following the Fourth of July holiday. The 2025 Toyota bZ4X XLE is now listed at just $199 per month for 36 months. With $3,999 due at signing, you’ll end up paying an effective cost of $310 per month.
The offer is $42 less than before the new promo, or about a 12% price cut. It’s hard enough to find any lease nowadays around $300, but for an electric SUV, it’s a pretty good deal.
According to online auto research firm CarsDirect, it’s even cheaper to lease a bZ4X now in some states than a Toyota Corolla. The 2025 Corolla LE Sedan is available for $229 for 36 months. With $2,999 due at signing, the effective monthly rate is $312, or $2 more than the bZ4X.
Although $2 might not seem like much in the grand scheme of things, it’s pretty significant, given that the bZ4X is $16,000 more expensive.
The 2025 Toyota bZ4X XLE has an MSRP of $38,465, compared to the Corolla LE Sedan, which starts at $22,325. That’s a $16,140 cost difference alone.
Toyota’s electric SUV is slightly longer than a RAV4 at 184.6″ in length, but it has a longer wheelbase, which opens up more interior space.
Toyota is also throwing in a free year of unlimited charging (at EV-go-operated public charging stations) for those who buy or lease a new 2025 bZ4X. You can also add a ChargePoint home charger to the cost.
Although the bZ4X is available for just $199 per month, the 2025 Hyundai IONIQ 5 is listed at $179 nationwide this month. With more range, style, and an NACS port for charging at Tesla Superchargers, the 2025 IONIQ 5 offer is hard to pass up right now.
| 2025 Toyota bZ4X trim | Starting Price (excluding $1,395 DPH fee) |
Price reduction (vs 2024MY) |
Range (mi) |
| XLE FWD | $37,070 | -$6,000 | 252 |
| XLE AWD | $39,150 | -$6,000 | 228 |
| Limited FWD | $41,800 | -$5,380 | 236 |
| Limited AWD | $43,880 | -$5,380 | 222 |
| Nightshade | $40,420 | N/A | 222 |
Like many carmakers, Toyota is currently offering significant incentives on electric vehicles, with the federal tax credit set to expire at the end of September. Accordingly, Toyota’s promotion ends on September 30. Although the bZ4X doesn’t qualify for the credit through purchase, Toyota is passing it on through leasing.
In some areas, like LA, Toyota is currently offering $12,000 off bZ4X leases. With the loss of the tax credit, the savings would drop to just $4,500, which would add over $100 a month to the lease price.
Looking to take advantage of the savings while they are still here? You can use our link to find deals on the 2025 Toyota bZ4X in your area today.
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Transport Canada has finished its investigation into Tesla’s questionable filing of $43 million worth of EV incentives in a single day, finding that the claims did indeed represent cars sold before the deadline to file for incentives – still raising questions about disorganization within Tesla.
To recap, Canada suddenly sunsetted its electric vehicle incentives back in January, as the program ran out of money. It caught a lot of EV dealers by surprise, and there was a sudden rush to sell cars and to file for incentives, given that the end of the program was announced with just three days notice.
One of these dealerships that showed a rush was a single Tesla dealership in Quebec, which recorded 4,000 rebate requests in a single weekend, an impossible number at the relatively small location. Other Tesla locations also filed for suspiciously high numbers of incentive claims on the same weekend.
This raised alarm bells, and other Canadian auto dealers pointed it out to Transport Canada, with Huw WIlliams, head of the Canadian Auto Dealers Association (CADA) claiming that Tesla “gamed the system” to hog an illegitimate number of incentive claims out of the limited money left. The total amount was $43 million, which was more than half of the amount left in the Canadian government’s coffers.
Even accounting for Tesla delivery pushes, and for increased sales as the credit rapidly sunset, these numbers did not seem possible.
This – perhaps combined with Tesla’s unpopular position in Canada at the time given CEO Elon Musk’s participation in a US government which was attacking Canada’s sovereignty at the time – led to Transport Canada announcing an investigation into Tesla’s incentive claims (Canadian Transport Minister Chrystia Freeland even said at the time that future Canadian ZEV incentives should exclude Tesla until the US’ “illegitimate and illegal” tariffs were lifted).
Tesla responded to the investigation in a typically standoffish manner, claiming in a letter that it was “shocked” to hear about the investigation, threatening legal action if payments weren’t resumed, and blaming Transport Canada for causing Tesla’s negative public perception and exposing Tesla’s Canadian employees to harassment (the letter did not, however, mention anything about CEO Musk’s government activities, or his recent actions attempting to spread white supremacy around the globe, and how those are much more responsible for negative public perception of the company).
Well now, the result of that investigation is back, and Freeland said on Friday that Tesla’s claims “were determined to legitimately represent cars sold before January 12.”
Transport Canada also pledged to CADA that all cars delivered before January 12 will have their incentive claims fulfilled, regardless of the program’s budget. CADA estimates it’s owed around $11 million in past-due claims, and Williams still wonders how Tesla knew to file those claims so suddenly.
Electrek’s Take
Questions still remain about this incentive. As pointed out by the Canadian Press, it’s still not clear whether Tesla’s incentive claims were for cars sold on that weekend, or for cars sold prior to that weekend and delivered all in a lump.
Given the physical limitations of the locations involved, it’s likely the latter. Which raises a different kind of alarm bell: that of disorganization within Tesla, as I pointed out as my main concern over this situation in a previous article.
I just don’t see how Tesla Canada can justify leaving tens of millions of dollars on the table for potentially several months, when all it took was the filing of some pieces of paper for them to get it. That’s capital that Tesla could have used to do business, and letting it sit in someone else’s bank account doesn’t benefit Tesla at all.
Now, disorganization is nothing new for Tesla, but businesses usually don’t like leaving money laying around for no reason. And Tesla, with its focus on quarterly results and end-of-quarter pushes, surely would have enjoyed having that extra cash in December, the end of a fiscal quarter/year, rather than the beginning of January when they filed for these incentives.
So regardless of the now proven legitimacy of these claims, this aspect should be cause for some amount of concern. It’s a reflection of a longtime problem in Tesla, where things tend to fall through the cracks until there’s some sort of emergency, and then it’s all-hands-on-deck from whoever happens to be closest to the problem at the time. But this has been an issue within Tesla for so long that it’s hard to see it being fixed at this point – and certainly not under its longtime CEO who seems far more interested in using Tesla to bail out his private companies or turning Twitter into “MechaHitler” than on making actual good decisions for Tesla.
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