The Business Magazine - B2B Business News - Site Logo
The Business Magazine March 2024
Read now
PICK YOUR EDITION

£77m Zero Emission Vessels competition launched to decarbonise UK maritime sector

8 February 2023
Share
The Business Magazine article image for: £77m Zero Emission Vessels competition launched to decarbonise UK maritime sector

A £77 million government investment in clean maritime technology could see zero-emission ferries, cruises and cargo ships set sail in UK waters within two years.

This is the first time in UK history the government is intervening to specifically target this level of funding on green maritime tech which is already well developed. The funding will take the tech from the factory to the sea – identifying which projects will have a long-term impact in reducing emissions.

Successful projects must show they could use this money to work with major UK ports and operators to launch a zero-emission vessel by 2025 at the latest.

Examples of such technology include battery electric vessels, shoreside electrical power, ships running on low carbon fuels like hydrogen or ammonia, and wind-assisted ferries.

Transport Secretary Mark Harper said: “This multi-million-pound investment will help the latest tech ideas become reality and ensure UK waters will play host to green cargo ships, ferries and cruises in the next few years.

“Our funding will support a cleaner freight system, a more environmentally friendly tourism industry, and a net-zero maritime sector.”

The multi-million-pound Zero Emission Vessels and Infrastructure (ZEVI) competition, launched today, will see innovative companies apply for the funding, which must be used to decarbonise technology both on board and shoreside.

Defence Secretary and Shipbuilding Tsar, Ben Wallace, said: “Our National Shipbuilding Strategy Refresh set ambitious plans to drive the green maritime revolution as a key step to reaching this government’s net zero targets.

“This investment is a clear statement that we are taking these plans seriously, helping to put the UK at the cutting edge of clean maritime technology while benefitting thousands of UK jobs.”

The competition will be overseen by Innovate UK, which has a record of delivering similar competitions across government successfully.

Read more - Uxbridge-based CCEP invests in new carbon capture partnerships

Innovate UK Executive Director for Net Zero Mike Biddle said: “This latest £77 million investment in clean maritime innovation is another major milestone in the delivery of the wider UK Shipping Office for Reducing Emissions (UK SHORE) programme to accelerate the transition to net zero.”

Innovate UK will work with the Department for Transport in delivering the Zero Emission Vessel and Infrastructure competition, resulting in multi-year real world demonstrations of clean maritime technologies around the UK.

The government is also calling on universities across the UK to join forces to establish a new Clean Maritime Research Hub, with £7.4 million funding from government and additional funding from academia and industry.

Research in the fundamental science behind clean maritime technologies will be delivered by the hub, building evidence and expertise for the maritime sector. It will also support skills development across the industry and generate knowledge for maritime decision-makers.

The hub will be delivered in partnership with and co-funded by the Engineering and Physical Sciences Research Council (EPSRC), part of UKResearch and Innovation (UKRI).

The ZEVI fund and Clean Maritime Research Hub are part of the UK SHOREprogramme, launched in March 2022 with £206 million in funding. UKSHORE aims to tackle shipping emissions and advance the UK towards a sustainable shipping future.

Read more - UKRI invests £27.6m in Faraday Battery Challenge


Sam is the Regional Editor of Biz News, responsible for both Hampshire and Dorset.

A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise.

Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.

Related articles

Latest Deal Ticket

view more
Padel centre operator PadelStars (Hampshire)
has received investment from
Golf and leisure operator Dwellcourt Group (Surrey)
April 2024
UNDISCLOSED
Who's behind the deal?

Upcoming events

view more
01
May

South Coast Property Forum: Networking Lunch

Ennios Ristorante
Southampton
More info
23
May

Thames Valley Tech Forum: Networking Drinks

Malmaison Hotel
Reading, RG1 1JX
More info
06
Jun

South Coast Property Awards 2024

Hilton Southampton
Utilita Bowl
More info
12
Jun

Leadership Roundtable: Developing strategies for financial returns over the next decade

Herrington Carmichael, Farnborough Aerospace Centre, GU14 6XR

More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
26
Sep

Thames Valley Property Awards 2024

Ascot Pavilion
Ascot Racecourse
More info
03
Oct

South Coast Tech & Innovation Awards 2024

Hilton Southampton
Utilita Bowl
More info
07
Nov

Thames Valley Deals Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
21
Nov

Hampshire Business Awards 2024

Farnborough International
Exhibition & Conference Centre
More info

Related articles