Business

Artemis Technologies secure £3.4m from UK Government clean maritime fund

Artemis Technologies said the new UK Government funding can be a catalyst for a clean shipping revolution in Belfast.

THE Belfast company designing low emission maritime technology has secured £3.4 million in funding from the UK Government.

Artemis Technologies has been awarded the money from in the latest round of the UK’s Clean Maritime Demonstration Competition (CMDC), run by the Department for Transport in London, in partnership with Innovate UK.

Just days after revealing its design plans for a 100 per cent electric 'flying' ferry for Belfast Lough, the company announced it will partner with six other organisations for three initiatives.

A £2.8m project will see Artemis partner with Ulster University, Belfast-based Energia Hydrogen and maritime classification society Lloyd’s Register to develop and testing a novel hydrogen hybrid range extender system.

One of the projects will also involve Belfast Harbour Commissioners.

David Tyler, commercial director at Artemis Technologies said: “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.

“The clean maritime demonstration competition is welcomed by the sector and will play a critical role in helping accelerate the UK’s transition to a more sustainable maritime future.

“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.”