Pendennis wins funding for ship efficiency project

Pendennis has won approximately £1 million in funding to support its  “High Efficiency Marine Energy” (HEME) project at its shipyard in Cornwall. 

The funding, from UK’s Technology Strategy Board will support a project that aims to develop an optimised hybrid energy system for marine vessels using high capacity energy storage. A key objective of the consortium is to reduce overall fuel consumption on board, both for propulsion and house loads. Members of the company’s supply chain will also join the project: Energy Solutions, Bruntons Propellers and Triskel Marine Ltd.

“I am really pleased to see multiple SYUK businesses coming together and focus on research and innovation,” said Chairman of Superyacht UK, Albert Levy. “I look forward to seeing the project develop over the next two years.”

“The Technology Strategy Board has provided an opportunity for an experienced collaborative group to deliver results that no single company could achieve” said Toby Allies, Sales & Marketing Director at Pendennis. “The HEME project team members are all working towards a common goal, and we are very excited to be a part of such an innovative partnership.”

The Technology Strategy Board is the UK’s innovation agency, supporting the development of new products and services and helping to bring them closer to market.

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