Latest News

Watershed Innovation adds support for hydrogen fuel cell

Watershed Innovation, Correct Craft’s innovation company, added its support to Zero Emission Industries’ (ZEI) project to build a hydrogen fuel cell-powered boat. The boat’s scalable powertrain can be integrated into a variety of use cases including, but not limited to, the recreational market. Zero Emission Industries, a world-renowned expert in applying hydrogen fuel cell technology to marine applications, received a $2 Million grant from California Energy Commission to fund this project. Watershed Innovation will provide the vessel.

Toyota built an internal combustion engine that sips hydrogen, and it sounds awesome

Japanese auto giant Toyota is working on a new-age hydrogen vehicle. When the words Toyota and Hydrogen are in the same sentence, the hydrogen-powered Toyota Mirai comes to mind. Still, the Mirai is a hydrogen-electric car or FCEV (fuel-cell electric vehicle). It uses hydrogen fuel to convert electricity and power an onboard electric motor. This time, Toyota came up with something different.

Mercury Releases Sustainability Report

Mercury Marine published its 2020 Sustainability Report, which the company said highlights its Environmental, Social and Governance strategies through its efforts to increase clean manufacturing and stewardship. The downloadable report focuses on the pillars of energy, environment, products and people, and includes the collective efforts taken, including protecting the health and safety of workers during the Covid-19 pandemic.

The smart boat

Boats are getting smarter. This is a trend that isn’t going away. Over the last five or so years, we’ve heard the term the “connected boat” more and more across the industry. But what is the connected boat and what does it mean for the future of the industry and boating as a whole?

Fountaine Pajot becomes first yacht-builder to offer hydrogen as onboard energy option

French catamaran builder, Fountaine Pajot (FP), claims to be the first major shipyard to introduce hydrogen as an onboard energy resource, making use of the REXH2 system produced by Energy Observer Developments (EODev).

Lithium batteries withdrawn following fires in France

Reports in France say that after a series of explosions and fires, the Prefecture of Pyrénées-Orientales in the south-west of the country has ordered the suspension of sales and recall of all lithium batteries of the ‘Energy Cases’ brand, marketed by SAS P.C.E, based in Perpignan. The batteries were suspected of causing several explosions and fires that occurred over the past 10 months throughout France.

Sunreef releases first images of new solar power system

Polish catamaran builder Sunreef Yachts has released the first pictures of the company’s in-house developed solar power system. Using ultra thin, shock-resistant and highly efficient solar cells, it is said to be the industry’s first composite-integrated photovoltaic technology. Sunreef’s solar power system is currently being integrated on both power and sail catamarans within the company’s Eco range of luxury catamarans. The panels are entirely flush with all curved composite structures including masts, hull sides and biminis.

Volvo-Daimler to make hydrogen fuel cells in Europe

Sweden’s Volvo Group and Germany’s Daimler AG announced today they will start developing, producing and commercialising fuel cells in Europe by 2025 via their joint venture – ’cellcentric’ – and called for EU policies to help make zero-emission technology commercially viable. Leading competitors in large commercial vehicles, the Volvo Group and Daimler Truck AG, formally launched their joint venture – cellentric – today to help meet the 2050 targets of sustainable transport and a carbon-neutral Europe. Previously announced in March, the joint venture represents an “industry-first commitment” to accelerate the use of hydrogen-based fuel cells for long-haul trucking and other applications.

OXE Marine AB (publ) Interim report 1 January to 31 Mars 2021

First quarter 2021 Net Turnover of SEK 10.1 m (SEK 10.3 m) Gross Profit of SEK 2.7 m (SEK 2.4 m) or gross margin of 27% (23%) Operating Loss/EBIT of SEK -21.5 m (SEK -17.6 m) Net loss for the period of SEK -23.8 m (SEK -19.6 m) Order Book amounted to SEK 140.9 m (SEK 139.3 m as at end of Q4 2020) Significant events during the First quarter OXE125-200 model year 2021 granted approval by EPA. Start of assembly of OXE125-200 initiated by ONM in Albany (GA, USA). The board of directors resolved to appoint Magnus Grönborg as CEO and to reorganize its management team by appointing the current CEO Myron Mahendra as EVP Business Development, Sales and Marketing. In addition, the Chairman of the board Anders Berg will increase his operational focus on the company by assuming a supportive operational role with the management team. Magnus Grönborg will replace Myron Mahendra as CEO in a few months, with the closer date yet to be agreed. First units of OXE300 assembled and shipped from PanLink's Polish site in Tczew.

Fuel Cell Cat

Fountaine Pajot, the La Rochelle, France-based builder of sailing and power catamarans, announced its first foray into alternative energy with the integration of a hydrogen power generator aboard its Samana 59 sailboat. The builder’s “Odyssea 2024” development plan matches the Samana 59 with a fuel cell system from EODev, which utilizes the same Toyota-based modules that power ongoing projects from Yanmar.