Govt invests £60m into green maritime transport

Funding for the development of new clean maritime transport technology has been provided by government with firms across 12 UK regions to benefit.

The move will see companies such as Artemis Technologies develop zero emission vessels, Collins River Enterprises create electric ferries on the Thames, and hydrogen powered vessels for crews to wind farms in the north of England by AceON Battery Solar Technology. Two prototypes of wind-assisted ships with high-tech sails will also be developed by WingTek with the cash.

The funding comes from the Clean Maritime Demonstration Competition, which focuses on developing a range of clean maritime technologies including hydrogen, ammonia, electric and wind power. During the 2-year investment period, successful companies will demonstrate their projects work in the real world. It forms part of the wider £206m UK Shipping Office for Reducing Emissions scheme, announced in March 2022.

Transport Secretary, Mark Harper, visited Artemis Technologies in Belfast to see some of the tech in action.

He said: “Our maritime sector imports 95% of goods into the UK and contributes £116 billion to our economy – more than both aviation and rail combined. 

“With growing the economy one of the government’s top priorities, we must continue our efforts to ensure the UK remains a pioneer in cutting-edge clean maritime solutions.  

“The funding we’re awarding today will help to do just that, bringing emission-free concepts to life and fuelling innovation.”

CEO at Artemis Technologies Dr Iain Percy OBE said: “The clean maritime demonstration competition is key to unlocking those innovations across the region that will transport the UK towards a more sustainable future and we are thrilled that it has once again recognised the integral role Artemis Technologies can play.

“The clean maritime demonstration competition is key to unlocking those innovations across the region that will transport the UK towards a more sustainable future and we are thrilled that it has once again recognised the integral role Artemis Technologies can play.”

CEO of the UK Chamber of Shipping Sarah Treseder said: “The UK Chamber of Shipping is committed to net zero by 2050. This funding is an important milestone in ensuring we continue to work together to achieve this important target and will help us complete the journey from theory to reality for zero emission shipping. “

Image courtesy of Artemis Technologies

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