Seven Figure Clean Maritime Funding Secured By
Summary
Projects led by Artemis Technologies aimed at making emission-free maritime transport a reality have been awarded almost \xa33.4 million in the latest round of the UKs Clean Maritime Demonstration Competition (CMDC).The three initiatives will see the high-performance maritime design and applied technologies company collaborate with six other global and industry leading partners Tidal Transit, Energia Hydrogen, Lloyds Register, Ulster University, ORE Catapult, and Belfast Harbour Commissioners.Following years of underinvestment in research and innovation by the maritime industry, the sector is under real pressure to develop and adopt disruptive technologies if it has any chance of achieving the UKs ambitious net zero targets. We are thrilled to be leading on projects which, given the significant financial support announced today, the Department for Transport and Innovate UK believe can be a catalyst in the clean shipping revolution, and we are proud to be playing our part in the decarbonisation of maritime.Artemis Technologies will team with globally respected maritime classification society Lloyds Register, Ulster University, and renewable energy expert, Energia Hydrogen, on a \xa32.8 million project aimed at developing and testing a novel Hydrogen Hybrid Range Extender system.The maritime leader will also spearhead a collaborative R&D project to accelerate the design and engineering of a 24m electric foiling Crew Transfer Vessel (CTV), alongside experienced CTV owner and operator, Tidal Transit.The project which has received \xa3967,000 from the Clean Maritime Demonstration Competition, and builds on the CMDC Wave 1 eFoiler CTV feasibility study, will also involve ORE Catapult, a research technology organisation specialising in the offshore renewables sector.The third project to be backed by the Clean Maritime Demonstration Competition, receiving almost \xa3212,000, is for a feasibility study, alongside Belfast Harbour Commissioners, to ascertain if a 100% electric foiling Pilot Vessel is a technical and economically viable solution to decarbonise pilot vessel operations.Known as the eFoiler Pilot, the vessel would utilise the same transformative Artemis eFoiler\xae electric propulsion technology set to power other Artemis vessels already launched to market.The three Artemis Technologies-led projects are part of the Clean Maritime Demonstration Competition Round 2 (CMDC2) which was launched in May 2022, funded by the Department for Transport and delivered in partnership with Innovate UK. In March 2022, the Department announced the biggest government investment ever in our UK commercial maritime sector, allocating \xa3206m to UK SHORE, a new division within the Department for Transport focused on decarbonising the maritime sector. UK SHORE is delivering a suite of interventions throughout 2022-2025 aimed at accelerating the design, manufacture and operation of UK-made clean maritime technologies and unlocking an industry-led transition to Net Zero.Innovate UK Executive Director for Net Zero, Mike Biddle, said:The maritime sector is of crucial importance to the UK, with more than 95% of our trade running through the major ports that connect us to the global economy. As such an important part of the UK economy, significant change is needed to ensure that the sector adapts to new, clean technologies, reducing maritime emissions.Artemis Technologies, which has recently launched to market a range of zero emissions electric foiling workboats and a 150-seat, 100% electric foiling passenger ferry, previously received funding from the first round of the Clean Maritime Demonstration Competition back in 2021.