Artemis Technologies has partnered with Lisburn-based Creative Composites to create components for its new electric eFoiler Propulsion System.
The system - to be manufactured in Belfast - forms part of Artemis Technologies’ plan to reduce carbon emissions in the maritime industry by developing green technologies.
David Tyler, commercial director at Artemis Technologies said: “With a commitment by the UK government that all new maritime vessels must be fitted with zero-emissions technology by 2025, solutions such as our eFoiler system will play a key role in realising that goal.
He added that the eFoiler “will reduce the drag of modern fast vessels by up to 90%, making electric propulsion at high-speed and range commercially viable for the first time.”
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Creative Composites will manufacture a range of component parts for the eFoiler. Its managing director Jonathan Holmes added that it is “a tremendous honour to partner with Artemis Technologies” to “make a huge impact on global efforts to combat climate change.”
As part of the collaboration, staff from Artemis Technologies will be based at Creative Composites’ Lagan Valley site to work alongside the team.
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Artemis Technologies is a sister company to the Artemis Racing professional sailing team and is the lead partner in a Belfast consortium bidding to return shipbuilding to the city.
It is the only applicant from Northern Ireland and from the maritime industry to be selected for the next stage of the UK Research and Innovation’s Strength in Places Fund.
If successful, it will see more than £30m in funding go towards the consortium’s strategy to decarbonise maritime transportation, while also creating new commercial opportunities and laying the foundations for future product development pathways.
Founded in 2000, Creative Composites manufactures advanced composites for worldwide customers, mostly in the rail and automotive sectors.
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