Iain Percy with one other standing on pontoon smiling

Success for Artemis Technologies in Third Wave of Clean Maritime Fund

Time to read: 2 minute

Posted on: February 15, 2023

High-performance maritime design and applied technologies company Artemis Technologies has two innovative projects backed by seven figure funding from the UK Government in the latest round of the Clean Maritime Demonstration Competition (CMDC).

As it continues on its mission to decarbonise the maritime sector, Artemis Technologies will team with international partners to bring the initiatives from concept to reality within the next two years.

Speaking of the projects, which received a combined cash injection of £6 million, CEO at Artemis Technologies, Dr Iain Percy OBE, said:

The global fight against climate change is one we are all united in, but if the UK Government is to play its part and achieve its ambitious target of reaching net zero emissions by 2050, it needs to unearth and quickly adopt disruptive technologies within the maritime sector.

The Clean Maritime Demonstration Competition is key to unlocking those innovations 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. 

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.

The first CMDC-backed project will see Artemis Technologies team with international partners to develop, test, and deploy a 12m, 100% electric crew transfer vessel capable of transiting technicians safely from shore to turbine in 1.5m waves.

The second will focus on the development and demonstration of a high-performance Multipurpose eFoiler® Platform system, suitable for operations in the luxury leisure or water taxi markets.

These Artemis Technologies-led projects are part of the Clean Maritime Demonstration Competition Round 3 (CMDC3), which was announced in September 2022, funded by the Department for Transport and delivered in partnership with Innovate UK.

As part of the CMDC3, the Department allocated £60m to 19 flagship projects supported by 92 UK organisations to deliver real world demonstration R&D projects in clean maritime solutions. Projects will take place in multiple locations around the UK from as far north as the Shetland Isles and as far south as Cornwall.

The CMDC3 is part of the UK Shipping Office for Reducing Emission’s (UK SHORE) flagship multi-year CMDC programme. In March 2022, the Department announced the biggest government investment ever in our UK commercial maritime sector, allocating £206m to UK SHORE, a new division within the Department for Transport focused on decarbonising the maritime sector.

UK SHORE is delivering a suite of interventions throughout 2022-2025 aimed at accelerating the design, manufacture and operation of UK-made clean maritime technologies and unlocking an industry-led transition to Net Zero.

Transport Secretary Mark Harper 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.

Artemis Technologies’ prowess for developing transformative decarbonising technology has been well recognised by the Clean Maritime Demonstration Competition in the past, with the maritime leader receiving seven-figure funding to support a total of six projects in rounds one and two in 2021 and 2022 respectively.