Maritime Activity Reports, Inc.
(Image: Artemis Technologies)
Energy trader Gunvor Group has bought a minority stake in Artemis Technologies to build high-speed ferries capable of carrying up to 350 passengers with zero emissions, the company said on Thursday.
The new vessel, called the Artemis eFoiler, will produce savings of up to 90% on fuel compared with traditional diesel ferries. The British firm received a £33 million grant from the British government earlier this year.
The hydrofoils will run on batteries recharged by renewable energy sources. A hydrofoil is a vessel whereby the hull is lifted out of the water, cutting down on drag and therefore energy consumption.
Gunvor invests in Artemis Technologies December 17, 2020, by Jasmina Ovcina
Commodity trader Gunvor Group has made an investment in Artemis Technologies as a part of the company’s commitment to developing nonhydrocarbon solutions to maritime transportation.
Image by Artemis Technologies
The investment by Gunvor follows the recent award of a £33 million ($ 44.8 million) UK Government innovation grant to the Artemis Technologies-led Belfast Maritime Consortium, which aims to develop zero-emission high-speed ferries.
The award pushed the total project investment close to £60m ($75 million) over the next four years. Related Article Posted: 9 months ago
Artemis Technologies, founded in 2017, is an applied technologies spin-off of the Artemis Racing sailing team, which competed in the 34th and 35th editions of the America’s Cup.
Belfast Maritime Consortium Supervisory Board Appointed
10th December 2020
A supervisory board has been appointed to oversee the Belfast Maritime Consortium’s project to develop revolutionary zero-emission ferries in the city.
Earlier this year, the 13-partner syndicate, headed by Artemis Technologies, won a £33 million government innovation grant for the plans from the UK Research and Innovation’s flagship Strength in Places (SIP) Fund.
Working closely with the SIP Programme Director, Prof. Mark Gillan, the supervisory board will provide strategic leadership and support to the Belfast Maritime Consortium UKRI Strength in Places project, and oversee its successful completion.
Former Transport Minister, Nusrat Ghani MP, will chair the supervisory board which will include members from consortium partners, Dr Iain Percy OBE, CEO of Artemis Technologies, Nick Laird, Director, Advanced Air Programmes, Spirit AeroSystems, and Joe O’Neill, CEO, Belfast Harbour.
Belfast Maritime Consortium Supervisory Board Appointed
A supervisory board has been appointed to oversee the Belfast Maritime Consortium’s project to develop revolutionary zero-emission ferries in the city.
Earlier this year, the 13-partner syndicate, headed by Artemis Technologies, won a £33 million government innovation grant for the plans from the UK Research and Innovation’s flagship Strength in Places (SIP) Fund.
Working closely with the SIP Programme Director, Prof. Mark Gillan, the supervisory board will provide strategic leadership and support to the Belfast Maritime Consortium UKRI Strength in Places project, and oversee its successful completion.
Former Transport Minister, Nusrat Ghani MP, will chair the supervisory board which will include members from consortium partners, Dr Iain Percy OBE, CEO of Artemis Technologies, Nick Laird, Director, Advanced Air Programmes, Spirit AeroSystems, and Joe O’Neill, CEO, Belfast Harbour.