News & Insights
Ferguson Marine to Develop World’s First Renewables-Powered Hydrogen Ferry
25th June 2018
CBC portfolio company, Ferguson Marine Engineering (FME), have successfully led a European consortium in a bid for EU funding support to pave the way for the building and launch of the world’s first sea-going car and passenger ferry fuelled by Hydrogen.
The supported development is expected to cost around €12.6 million of which €9.3million has been awarded by the European Union’s Horizon 2020 research and innovation fund.
HySeas III, jointly led by FME and the University of St Andrews, includes Orkney Islands Council; Kongsberg Maritime (Norway); Ballard Power Systems Europe (Denmark); McPhy (France); DLR - German Aerospace Center; and Interferry (Belgium/US), the global trade association for ferry operators and suppliers.
FME Chief Executive, Gerry Marshall, stated: “We now have one of the most innovative and competitive shipyards in Europe which is capable of delivering ground-breaking projects for Inverclyde, Scotland and beyond. HySeas III is a living example of how it can be possible to lead the world in marine technology.”
CBC CEO, Jim McColl, added: "Ferguson’s was the last full-service commercial shipyard on the River Clyde. Since taking over in 2014, we have invested £25 million to bring the yard up to the world-class standards with a new, skilled workforce, that has provided the confidence in leading this hugely important, ground-breaking project.”
To view the full press release, please click here.