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Yinson GreenTech’s Hydroglyder wins NBAS’s Most Promising Maritime Technology Award

Yinson GreenTech (“YGT” or the “Company”) has clinched the Most Promising Maritime Technology Award from the Norwegian Business Association Singapore (“NBAS”) for its Hydroglyder – a highly advanced all-electric passenger vessel.

The prestigious award, which recognises the cutting-edge technology underpinning YGT’s Hydroglyder, ranks the prototype vessel’s Technology Readiness Level (“TRL”) with a range of 5 to 7. The TRL is based on a scale of 1 to 9 with 9 being the most mature technology.

The Hydroglyder comes equipped with an advanced hydrofoil system. This technology elevates the hull above the water, which reduces the drag on the vessel and gives a smoother ride above the waves. The hydrofoil system also lowers the vessel’s energy consumption by 50% to 70% and operational cost by up to 90% compared to conventional boats. In addition, the Hydroglyder comes equipped with swappable batteries that allow it to eliminate down time required for battery charging.

The Hydroglyder can be deployed for the transportation of passengers, such as crew transfers, as it has a capacity to carry 12 people and a cruising speed of about 20 knots/hour. These specifications make the vessel a suitable choice to accelerate the decarbonisation efforts of the maritime industry. 

The Hydroglyder is on track for sea trials by this year end. The vessel and its hydrofoil system are developed by YGT and Norway-based Lift Ocean AS, respectively. The former has a stake in the latter.  

“This recognition highlights our dedication to develop a carbon-free emission technology that has the potential to revolutionise the maritime industry. Our pioneering technology has been proven to have a profound future impact on the maritime industry, specifically by enhancing operational efficiency, sustainability and decarbonisation,” remarked YGT Senior Vice President, Business Development, Srinivas Tati. 

Separately, YGT is slated to launch the Hydromover in the fourth quarter of 2023. The Hydromover is Singapore’s first fully electric cargo vessel and can carry cargo of up to 25 tonnes (including batteries).