EcoMarine Propulsion Systems is a joint venture between three companies that specializes in electric marine propulsion systems. Their PowerRing system offers fuel savings, reduced emissions, and other benefits compared to conventional systems. The PowerRing uses permanent magnet motors and liquid-cooled inverter modules to convert energy from diesel generators into electric propulsion. It provides redundancy, remote monitoring, and can integrate with other vessel systems. EcoMarine claims the PowerRing reduces costs and improves vessel performance.