Artemis wins € millions in clean maritime funding

The award amounts to a total of £3.4 million (€3.8 million) in three initiatives by Artemis Technologies that will see the company collaborate with six other global industry partners – Tidal Transit, Energia Hydrogen, Lloyd’s 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 UK’s ambitious net zero targets,” said David Tyler, commercial director at Artemis Technologies.

“We are thrilled to be leading on projects which, given the significant financial support announced, 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.”

Renewables projects

Artemis Technologies will team with maritime classification society Lloyd’s Register, Ulster University and renewable energy company, Energia Hydrogen, on a £2.8 million (€3.2 million) project aimed at developing and testing a novel Hydrogen Hybrid Range Extender system.

The company will also spearhead a collaborative R&D project to accelerate the next phase of the detailed design and engineering of a 24m electric foiling Crew Transfer Vessel (CTV), alongside experienced CTV owner and operator, Tidal Transit.

This project which has received £967,000 (€1.1 million) 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 £212,000, 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 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.

As part of the CMDC2, the department allocated over £12m to 31 projects supported by 121 organisations from across the UK to deliver feasibility studies and collaborative R&D projects in clean maritime solutions.

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.