Artemis Technologies' foiling protoype workboat

UK government doubles down on green shipping technologies with £60m investment

According to the UK Department for Transport (DfT), the Clean Maritime Demonstration Competition (CMDC3) winners will receive £60 million in funding over two years from the £206 million UK Shipping Office for Reducing Emissions (UK SHORE) scheme, which was introduced in March 2022. To qualify for the funding, the winners must demonstrate the practicality and real-world applications of their technology. The winners of CMDC3 include a variety of technologies, such as wingsails, carbon capture, high-efficiency hydrogen combustion engines, offshore charging stations, aerofoil vessels, and a zero-emission ferry.

Transport Secretary Mark Harper visited Artemis Technologies, one of the CMDC3 winners, to observe its work on a 12-meter e-hydrofoil crew transfer vessel and shore-based charging infrastructure. This success builds upon the over £3 million of funding that Artemis Technologies has already received from the first two rounds of CMDC.

Harper explained that with 95% of the UK’s imported goods being transported by the maritime sector, which contributes more than both aviation and rail combined to the economy, it is necessary to continue investing in pioneering clean maritime solutions to fuel innovation and economic growth. Dr. Iain Percy OBE, the CEO of Artemis Technologies, expressed his delight at being able to use the latest round of funding to advance their green technology projects and develop clean vessels, while also leading the decarbonisation of maritime.

The CEO of the UK Chamber of Shipping, Sarah Treseder, praised the successful bids that cover various shipping technologies and aspects, committing the chamber to achieving net zero by 2050. She stated that this funding is an important milestone towards achieving this goal and will help to complete the journey from theory to reality for zero-emission shipping.