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£20m fund launched to revolutionise UK’s shipping sector

£20m fund launched to revolutionise UK’s shipping sector

A £20m ($27.6m) competition hoping to revolutionise the UK’s shipping sector with the introduction of hydrogen-powered vessels and e-charge points was launched by the government on Monday (22nd March).

The aim of the fund is to support the design and development of prototype vessels and port infrastructure that could then be rolled out widely – propelling the sector towards net zero, as the UK prepares to host the COP26 climate change summit in November.

Scientists and academics are being encouraged to collaborate with UK shipping, ports and builders to enter ambitious proposes into the competition.

The trials will enable companies to test the new technologies, with a view to them being developed commercially if proven to be successful.

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