Displaying items by tag: Artemis Technologies

25th March 2019

Seed Funding For Artemis Zero-Carbon Plan To Revive Shipbuilding In Belfast Harbour

Artemis Technologies CEO Iain Percy OBE with the firm’s head of innovation Mark Gillan in Belfast last October

Artemis Technologies’ Belfast-based bid for a carbon-free yacht-building project is in line for major seed funding, according to Sail World.

As previously reported on Afloat.ie, the company spun off from America’s Cup team Artemis Racing and led by double Olympic gold medalist Iain Percy announced plans last October to bring shipbuilding back to Belfast Harbour.

The company is developing an Autonomous Sailing Vessel or ASV, a 45-metre catamaran with a top speed of 50 knots, powered by renewables which will offer it unlimited range.

Percy said last year: ““We aim to lead in the decarbonisation of the maritime industry by building on our America’s Cup heritage and expertise in hydrofoils, wing sails and control systems to develop and manufacture green-powered commercial vessels, helping to ensure a sustainable maritime future.”

Artemis Technologies has now secured early-stage funding to pursue a full bid for UK Research and Innovation’s Strength in Places Fund.

Successful projects will receive anywhere from £10 million (€11.65 million) to £50 million (€58.3 million) to see their concepts through to fruition.

Percy described the new funding as “a major endorsement of our plans to make Belfast the advanced maritime manufacturing capital of the world.

“The city is already home to some of the most advanced aerospace and composite engineering talent available anywhere on the planet and we want to harness that potential by combining it with Belfast's rich maritime history and our own expertise in high-speed yacht design.”

Sail World has more on the story HERE.

Published in Belfast Lough

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Offshore wind

ESB know the importance of offshore wind in tackling climate change and delivering net zero. Ireland has a unique capability given its prime location to take advantage of the potential of offshore wind. ESB are working hard to develop offshore wind projects for the benefit of everyone across society in Ireland and the UK. This includes ongoing engagement with marine users and local communities so ESB can deliver these significant projects.

Offshore wind will play a major role globally in our fight against climate change. It will help to replace energy generated by burning fossil fuels with that from a clean, safe and secure renewable energy source. Ireland’s geographic location on the exposed edge of the Atlantic presents us with a significant opportunity to generate electricity from wind – both offshore and onshore.

Power from onshore wind farms currently provide over one-third of Ireland’s electricity needs. But, whilst its marine area is many times the size of its landmass, Ireland’s offshore wind potential is only starting to be realised. ESB have a coastline stretching over 3,000km but only one operational offshore wind farm – Arklow Bank, with a capacity of 25 MW. In contrast, Belgium’s coastline is only 63km long, but it has already developed more than 2,000 MW of offshore wind. In Great Britain, with a coastline four times the length of ours, offshore wind generation now equates to over 440 Arklow Banks, with an installed capacity of 11,0000 MW as of late 2021.

The Irish Government's target to install 5,000 MW of offshore wind capacity in our maritime area by 2030 is set out in the Climate Action Plan 2021. It also has the objective to source 80% of Ireland’s electricity needs from renewables by the same year. In line with this, ESB is applying its professional and proven engineering expertise to the challenges set within the Climate Action Plan.

ESB are committed to playing a strong role in developing Ireland’s offshore wind potential for the benefit of the people of Ireland. This will be done in consultation with marine users and local communities, and with due care for the marine environment.