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UK government injects £60m into maritime green technologies

Artemis Technologies Artemis Technologies' foiling protoype workboat
The UK Government is investing £60m in clean maritime technology companies around the country to support the development of green solutions.

The funding will be rolled out over a two-year period, said the UK Department for Transport (DfT), and be pulled from the £206m UK Shipping Office for Reducing Emissions (UK SHORE) scheme, which was announced in March 2022.

Winners of the third round of the Government’s Clean Maritime Demonstration Competition (CMDC3) will receive the £60m funding over two years after demonstrating real-world applications and practicality of their technology.

Among the CMDC3 winners were technologies including wingsails, high efficiency hydrogen combustion engines, carbon capture, offshore charging stations, aerofoil vessels, and a zero-emission ferry.

UK Transport Secretary, Mark Harper, visited CMDC3 winner Artemis Technologies to see work on its project to deliver a 12m e-hydrofoil crew transfer vessel and shore-pased charging infrastructure. The latest success will top up over £3m of funding to Artemis Technologies from the first two CMDC rounds.

“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,” said Harper.

CEO at Artemis Technologies, Dr Iain Percy OBE, said: “With this latest round of funding, we are emboldened to advance our green technology projects, develop world-leading clean vessels for our seas, and continue on our mission to lead the decarbonisation of maritime.”

CEO of the UK Chamber of Shipping, Sarah Treseder said: “Congratulations to all the successful bids, which cover a wide range of technologies and aspects of shipping. “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.”