Top 10 Energy-efficient Ship startups

Updated: February 22, 2024

Energy-efficient ship startups are dedicated to developing advanced technologies and solutions to optimize fuel consumption, reduce emissions, and improve energy efficiency in the maritime industry. This includes the development of hybrid propulsion systems, improved hull designs, waste heat recovery systems, and advanced vessel management systems, aiming to provide sustainable and energy-efficient solutions for shipping.
1
Country: Sweden | Funding: $104M
X Shore is the evolution of an industry that has remained steadfast in its traditions, for better or for worse.
2
Country: Japan | Funding: ¥12.9B
PowerX brings power transfer technology to life, allowing for greater usage of renewable energy sources. In particular it develops battery tanker.
3
Country: Spain | Funding: $30.2M
Bound4blue is working on a unique renewable energy system for large vessels. It consists in the production of hydrogen and oxygen by means of electrolysis of seawater. The vessel is propelled by wind-driven wingsails, as water fills the ship’s turbines to produce mechanical energy, then transformed into electrical energy.
4
Country: Sweden | Funding: €24M
Candela Speed Boat is a Sweden's electric boat startup
5
Country: USA | Funding: $15.9M
Flux Marine has set out to design and manufacture zero emissions electric boat motors with increased performance parameters compared to industry standards. Our ground-up design utilizes all the advantages of electric power, eliminating common failure points of existing gas engines.
6
Country: UK
FeTu specialises in reducing energy consumption and emissions through its self-developed two-stage turbine technology, which applications in the energy market and manufacturing industries including aerospace and marine.
7
Country: Croatia
iCat builds high speed electric solar passenger catamarans for coastal transportation
8
Country: USA | Funding: $115K
Voltaic Marine provides new vision for high-performance watercraft.
9
Country: USA
Zin Boats is a Seattle-based company that manufactures, engineered, and builds electric boats.
10
Country: USA
C-Power offers energy generation and storage solutions for marine transportation.
11
Country: UK
GT Green Technologies are wind propulsion experts offering tailored turn-key engineering solutions to the maritime industry to significantly reduce fuel consumption and greenhouse gas emissions for retrofit and newbuild vessels.