u/-Mothman_

To further this... An average tanker uses around 100 tons of oil per day, 365 days a year = 36,500 tons per year... Oil costs around $100 per barrel at the moment of posting (high), if it goes lower to $80 per barrel (as an average price), it means that the average tanker spends $19 million dollars per year on fuel, Ouster reduces this by 7%... Saving $1.33 million PER tanker PER year... In Carbon taxing countries like Canada, there is additional savings to be made for shipping companies for the reduction in Carbon emmissions, its also good for the environment as another bonus.

Ouster's technology can be so widely used, almost every single industry can and likely will be using LIDaR, Ouster is at the forefront of this technology.

reddit.com

u/-Mothman_ — 17 days ago