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Mars on a Procurement Pathway to Net-Zero

Mars on a Procurement Pathway to Net-Zero

Mars has published its open-source action plan to accelerate the drive towards achieving Net Zero emissions, including a new target to cut carbon in half by 2030 across its full value chain. The strategy also involves investing US$1bn over the next three years alone to drive climate action

The strategy incorporates an understanding of how supplier engagement, supply chain and procurement impacts their environmental footprint, as 80% of it comes from their inputs such as raw materials, packaging and logistics.

“The carbon footprint of our entire supply chain from farming through to the end of life of our packaging and everything in between is the same as that of a small country – Finland has almost exactly the same footprint,” explains Barry Parkin the Chief Procurement and Sustainability Officer at Mars Inc. “When we look at where our footprint was ten years ago, 70% or more of it is embedded in the goods or services we buy. So, procurement is therefore absolutely critical.”

This means the role of procurement, supply chain, and supplier engagement is integral to the company reaching their ambitious sustainability targets, and Parkin is acutely aware that means it is essential for them to do things differently. “Our job is to re-imagine and re-design supply chains so that they have a dramatically lower carbon footprint,” he says. “To put it another way, unless we change what we buy, or where we buy it or how we buy it we are not going to really change our carbon footprint. ”

Their roadmap involves removing approximately 15 million metric tons by 2030 and then another 15 million metric tons by 2050 when they reach net zero.  Since 2015 Mars have already reduced emissions by 8%, whilst growing the business by 60%, showing that it is possible to decouple emissions from growth and success of a business.

 

Supplier relationships 

As for any major organisation trying to address their sustainability strategy, it is impossible for Mars to make significant progress with their carbon footprint without the help and buy-in from their enormous supply networks.

“As a global company, we rely on suppliers across our value chain as essential partners in our journey to reach net zero,” says Parkin.  “Like most companies, addressing our Scope 3 emissions is challenging because of their indirect nature and our lack of direct control or visibility. Only by working with our Tier 1 suppliers can we make progress with them on their own emissions and on their upstream emissions with our Tier 2 suppliers and beyond.”

Mars was a founding member of the Supplier Leadership on Climate Transition coalition, that is a dedicated body for instigating climate action through industry-wide supply chains.  This allows companies like Mars to use their scale and influence to guide, mentor and train suppliers with emissions strategies and also celebrate their best practice.

This reflects the collaborative approach Mars is trying to adopt with all their stakeholders to reach their climate targets.  “Suppliers that demonstrate substantial progress in reducing their environmental footprint are recognised and rewarded with additional business,” explains Parkin. “This metrics-driven strategy ensures that our suppliers have a significant role in our journey towards sustainability, aligning their efforts with our commitment to addressing the climate crisis.”

To achieve this relationship, Mars sets clear expectations for suppliers regarding emissions reduction, renewable energy adoption, and sustainable sourcing. They then incorporate those climate performance metrics into some of their biggest supplier’s evaluation criteria.

 

Recipe optimisation 

For one of the global leaders in food products, pet supplies and confectionery, they are also able to leverage product design and ingredients into their net-zero strategy.  Mars describes that as ‘optimising recipes’ and procurement is again integral in making that aspect of the plan a success.

“Our procurement team actively collaborates with suppliers to identify and source new ingredients in a way which lowers emissions and advances our sustainability goals,” says Parkin. “This collaborative approach helps improve our supply chain sustainability performance, including the procurement of ingredients that have a reduced carbon footprint.”

This approach of working closely with the suppliers who provide the ingredients, allows Mars to enhance their product offerings while at the same time finding new ways to reduce the emissions associated with the recipes.

 

Buying-in to the road map 

Parkin is praising the positive reaction from their suppliers to the Net Zero Roadmap, but that is also because many of those partners have been on a sustainability journey with the company for a number of years, since setting out their first scope 3 targets for their full value chain back in 2017.

“Suppliers have expressed their appreciation for the transparency and specificity of our roadmap,” explains Parkin.  “It has enabled them to better understand our expectations and how their contributions fit into the broader picture of achieving net zero emissions. The roadmap’s emphasis on collaboration and collective responsibility has resonated with our suppliers, fostering a spirit of partnership in our shared journey towards sustainability.”

The partnership allows procurement partners to take proactive steps in their organisations and strategies to address their emissions, and be part of a collective responsibility to finding both a sustainable future and a productive business relationship.

Aside from the influence such an ambitious net-zero strategy has on the culture and direction of a company like Mars Inc, it also creates a larger impression on other companies in their business ecosystem as other brands and businesses look to follow their lead.

Barry Parkin is aware of the value of that influence, and how their procurement and supply chain can help lead others to greater sustainable achievements.

“Global companies like Mars play an important role in shaping sustainability standards and advancing climate action at scale,” he explains. “Our influence extends across the globe, allowing us to inspire change on a wider scale. When companies set high sustainability standards, it encourages others in their industries to follow suit.”

He adds: “Companies like Mars have the resources, expertise, and innovation capabilities needed to pioneer sustainable practices and technologies.

“We can invest significantly in research and development, pilot groundbreaking initiatives, and implement sustainable solutions beyond the reach of smaller organisations. This proactive approach not only benefits the environment but also builds a positive reputation with environmentally conscious consumers and attracts like-minded partners.”

If a globally recognised brand like Mars can leverage their sprawling supply and procurement network for better environmental outcomes, it can only help to bring others on the same journey. “This ripple effect fosters industry-wide transformation, promoting a more sustainable future,” finishes Parkin. “If a business such as Mars can halve it’s footprint by 2030, that matters.”

 


 

 

Source   Sustainability

US Army beats US Postal Service to electric vehicle punch

US Army beats US Postal Service to electric vehicle punch

The US Postmaster General has blown off the electric vehicle revolution, but the US Army can show him how it’s done. The Army just launched a net zero goal and the Army Reserve already has an electrification plan for its non-tactical vehicles with a zero emission goal by the end of FY 27. That’s partly on account of climate change, and competition from near-peer adversaries also comes into play.

 

 

Climate Change & National Defense

The US Department of Defense is well aware that climate change is a leading national security threat, having included climate impacts in its Quadrennial Defense Reports going back to 2010. In 2020, the US Air Force proposed a carbon negative goal across all the Armed Services, and last month the US Army announced a net zero goal.

Not to be confused with the National Guard, the US Army Reserve consists of soldiers who serve part-time and train regularly. Their main mission is to fill Army jobs that are vacated when active duty soldiers get deployed, though if the need is great, the Reserve can be deployed as well.

The US Army Reserve is right on point with the Defense Department’s messaging on climate change. Earlier this month it published an overview of its EV plans, leading with the observation that “climate change and near-peer adversary innovations demand the Army diversify energy sources” and focus on “energy efficiency and resilience.”

 

The US Army, Near-Peer Adversaries, And…

The pairing of climate change with the emergence of peer and near-peer threats is an interesting one, because it is directly relevant to the US posture towards Russia, which embarked on a murderous, unprovoked rampage through neighboring Ukraine last week.

Army Gen. Martin E. Dempsey set the stage for that attack seven years ago, in a speech at the Danish Army Academy in 2015. The speech was intended to underscore an experience gap in the US armed services. Americans who served during the Cold War had a different experience regarding peer threats, compared to those who came after the breakup of the Soviet Union.

Dempsey noted that signs of a shift in ground came with the 9/11 attack, which exposed US vulnerabilities at home, but the real game-changer came in 2012, when Russia overran and annexed Crimea. Russia literally changed its borders, leveraged ethnic tensions, and undermined credibility of NATO.

“It’s the first time in 41 years we’ve had a legitimate risk emanating from state actors,” Dempsey observed.

Foreshadowing the Russian invasion of Ukraine, Dempsey warned that the US needs to step back into its Cold War mindset and prepare, once again, to face equivalent threats.

Those fighting today need to “understand how to live in that world, understand how to use the military instrument in that world, understand the meaning of deterrence, understand the meaning of maneuver and how to set a theater,” he concluded.

Dempsey’s words rippled out in force just one year later in 2016, when former President Trump won election as a friend of Russia, an enemy of NATO, and an alleged extortionist accused of withholding military aid to Ukraine in exchange for a political favor.

 

…Tanks, But No Tanks

That brings us around to the US Army and the electric vehicle question. The Army has been slow on the EV uptake. The consensus is that 100% electrification is a long way off for tanks and other tactical vehicles, though fuel efficiency improvements and plug-in hybrids are within sight. Last week the Army unveiled two hybrid electric Bradley tank prototypes, pointing out tactical benefits like silent drive, as well as fuel efficiency and ease of maintenance.

In terms of tank warfare, though, something has to change. The US experience in Iraq demonstrated tactical and logistical shortcomings, and now Russia is providing another demo. Within days after Russia first invaded Ukraine, reports of fuel shortages began to emerge, along with photos and videos of Russian tanks and other vehicles abandoned by the roadside. Military observers have also noted that the soft ground has forced Russian tanks to stay on roads, where they are more vulnerable, and that tanks are ill suited to warfare in urban settings, where Russia has been focusing much of its efforts.

 

More Electric Vehicles For The US Army

The US Marines Corps saw the writing on the wall several years ago and handed off its tanks to the US Army, which is still committed to tanks. However, the Army is hedging its bets, in the form of the Joint Light Tactical Vehicle program.

The JLTV program is led by the Army, and it will supply the Marines Corps as well. The aim is to develop a new vehicle that can “close an existing capability gap,” which indicates a focus on off-road and urban warfare.

The program involves a 2-seat and a 4-seat version, both of which can be helicoptered into their use points if road or marine travel is less than optimal, reducing the need for long, vulnerable convoys.

“Its maneuverability enables activities across the spectrum of terrain, including urban areas, while providing inherent and supplemental armor against direct fire and improvised explosive device threats,” the Army notes.

To the extent that the JLTV replaces tanks, the potential for the electrification of tactical vehicles suddenly pops into view, and at least one US Defense contractor is already has an eye on that opportunity.

 

So, What About An Electric JLTV For The US Army?

Last month, Oshkosh Defense debuted its concept for a hybrid electric JLTV, the eJLTV, billed as the “first-ever silent drive hybrid-electric Joint Light Tactical Vehicle.”

“The eJLTV offers the U.S. Army and U.S. Marine Corps the same level of performance and protection as the base JLTV with the addition of silent drive, extended silent watch, enhanced fuel economy, and increased exportable power that enables it to be used in combat and reconnaissance scenarios,” Oshkosh enthused.

Full electrification is going to take a while, but an all-electric JLTV seems more doable than an all-electric tank, especially if fuel cells come into play. In addition, the US Army is edging towards an electrification program for its Light Reconnaissance Vehicles. If you have any thoughts about that, drop us a note in the comment thread.

Meanwhile, the US Army Reserve has launched an EV program for its non-tactical vehicles. The initial phase of the program involves installing 27 Level 2 charging stations with multiple ports at 3 US Army Reserve facilities in Washington and California, along with the delivery of 60 all-electric or plug-in hybrid vehicles.

After FY 23, the pace will pick up sharply.

“The Phase 1 Army Reserve EV pilot program will conclude in FY23. Phase 2 will add 96 vehicles to 9 facilities, Phase 3 will more widely rollout 934 vehicles to 101 facilities, and Phase 4 will add 962 vehicles at the remaining 650 facilities. The future all-electric Army Reserve NTV fleet will include over 2,000 vehicles at 763 total facilities,” the US Army Reserve writes.

 

There, Was That So Hard?

Against this backdrop, Postmaster General Louis DeJoy’s decision to lock the Postal Service into a massive new purchase plan for gas-powered delivery trucks seems rather dated. After all, lots of other trucks are being electrified, including garbage trucks and fire trucks.

Speaking of electric fire trucks, Oshkosh Defense makes those. The company has also stated that its winning mail delivery truck was purpose-designed for gas or electricity. Between one thing and another, there may be a pathway for electrification in that Postal Service contract after all.

As for Russia, as of this writing, it has not given up on tank warfare. Eventually it may declare some sort of victory, but when the shooting stops, the war crimes trials will begin. Russia’s position and economic status in the world will be crippled for generations to come, just as it was during the Cold War.

Follow me on Twitter @TinaMCasey.

Photo: A prototype hybrid electric tank is part of the US Army’s electric vehicle plans (photo courtesy of US Army).

 


 

Source I Love Tesla

Bus depot bid to be UK’s largest electric vehicle charging hub

Bus depot bid to be UK’s largest electric vehicle charging hub

Scotland’s biggest bus operator has announced it is building the UK’s largest electric vehicle charging hub.

First Bus will install 160 charging points and replace half its fleet with electric buses at its Caledonia depot in Glasgow.

The programme is expected to be completed in 2023 with the first 22 buses arriving by autumn.

Charging the full fleet will use the same electricity as it takes to power a town of 10,000 people.

The scale of the project means changes are needed to the power grid to accommodate the extra demand.

First Glasgow managing director Andrew Jarvis told BBC Scotland: “We’ve got to play our part in society in changing how we all live and work. A big part of that is emissions from vehicles.

“Transport is stubbornly high in terms of emissions and bus companies need to play their part, and are playing their part, in that zero emission journey.”

 

Source BBC

 

First Bus currently operates 337 buses out of its largest depot with another four sites across Glasgow.

The new buses will be built by Alexander Dennis at its manufacturing sites in Falkirk and Scarborough.

The transition requires a £35.6m investment by First with electric buses costing almost double the £225,000 bill for a single decker running on diesel.

But the company says maintenance and running costs are then much lower.

The buses can run on urban routes for 16 hours and be rapidly recharged in just four hours.

This is a big investment which the company wouldn’t be able to achieve on its own.

Government grants only cover 75% of the difference between the price of a diesel and an electric bus so it’s still a good bit more expensive for them.

But they know they have to do it as a social responsibility and because the requirements for using Low Emissions Zones are likely to become stricter.

The SNP manifesto committed to electrifying half of Scotland’s 4,000 or so buses within two years.

Some are questioning whether that’s even achievable in the timescale, given the electricity grid changes that would be necessary for charging.

But it’s a commitment that environmental groups will certainly hold them to.

1px transparent line
Source BBC

 

Transport Scotland is providing £28.1m of funding to First Bus as part of the Scottish government’s commitment to electrify half of Scotland’s buses in the first two years of the parliamentary term.

Net Zero Secretary Michael Matheson said: “It’s absolute critical that we decarbonise our transport system and what we have set out are very ambitious plans of how we go about doing that.

“We’ve set out a target to make sure that we decarbonise as many of the bus fleets across Scotland as possible, at least half of it over the course of the next couple of years, and we’ll set out our plans later on this year of how we’ll drive that forward.”

Transport is the single biggest source of greenhouse gas emissions in Scotland which are responsible for accelerating climate change.

In 2018 the sector was responsible for 31% of the country’s net emissions.

First Glasgow has been trialling two electric buses since January 2020.

Driver Sally Smillie said they had gone down well with passengers because they were much quieter than diesel buses.

She added: “In the beginning it was strange for them not hearing them coming but they adapt very easily and they check now.

 

“It’s a lot more comfortable. You’re not feeling a gear change and the braking’s smoother. I think they’re great buses to drive.” – Sally Smillie

 


 

By Kevin Keane – Environment correspondent BBC Scotland

Source BBC

China Has Surprised the World With Climate Action Announcement

China Has Surprised the World With Climate Action Announcement

China’s President Xi Jinping surprised the global community recently by committing his country to net-zero emissions by 2060. Prior to this announcement, the prospect of becoming “carbon neutral” barely rated a mention in China’s national policies.

China currently accounts for about 28% of global carbon emissions – double the U.S. contribution and three times the European Union’s. Meeting the pledge will demand a deep transition of not just China’s energy system, but its entire economy.

Importantly, China’s use of coal, oil and gas must be slashed, and its industrial production stripped of emissions. This will affect demand for Australia’s exports in coming decades.

It remains to be seen whether China’s climate promise is genuine, or simply a ploy to win international favor. But it puts pressure on many other nations – not least Australia – to follow.

 

Goodbye, Fossil Fuels

Coal is currently used to generate about 60% of China’s electricity. Coal must be phased out for China to meet its climate target, unless technologies such as carbon-capture and storage become commercially viable.

Natural gas is increasingly used in China for heating and transport, as an alternative to coal and petrol. To achieve carbon neutrality, China must dramatically reduce its gas use.

Electric vehicles and hydrogen fuel-cell vehicles must also come to dominate road transport – currently they account for less than 2% of the total fleet.

China must also slash the production of carbon-intensive steel, cement and chemicals, unless they can be powered by renewable electricity or zero-emissions hydrogen. One report suggests meeting the target will mean most of China’s steel is produced using recycled steel, in a process powered by renewable electricity.

Modeling in that report suggests China’s use of iron ore – and the coking coal required to process it into steel – will decrease by 75%. The implications for Australia’s mining industry would be huge; around 80% of our iron ore is exported to China.

It is critically important for Australian industries and policymakers to assess the seriousness of China’s pledge and the likelihood it will be delivered. Investment plans for large mining projects should then be reconsidered accordingly.

Conversely, China’s path towards a carbon neutral economy may open up new export opportunities for Australia, such as “green” hydrogen.

 

A Renewables Revolution

Solar and wind currently account for 10% of China’s total power generation. For China to meet the net-zero goal, renewable energy generation would have to ramp up dramatically. This is needed for two reasons: to replace the lost coal-fired power capacity, and to provide the larger electricity needs of transport and heavy industry.

Two factors are likely to reduce energy demand in China in coming years. First, energy efficiency in the building, transport and manufacturing sectors is likely to improve. Second, the economy is moving away from energy- and pollution-intensive production, towards an economy based on services and digital technologies.

It’s in China’s interests to take greater action on climate change. Developing renewable energy helps China build new “green” export industries, secure its energy supplies and improve air and water quality.

 

The Global Picture

It’s worth considering what factors may have motivated China’s announcement, beyond the desire to do good for the climate.

In recent years, China has been viewed with increasing hostility on the world stage, especially by Western nations. Some commentators have suggested China’s climate pledge is a bid to improve its global image.

The pledge also gives China the high ground over a major antagonist, the US, which under President Donald Trump has walked away from its international obligations on climate action. China’s pledge follows similar ones by the European Union, New Zealand, California and others. It sets an example for other developing nations to follow, and puts pressure on Australia to do the same.

The European Union has also been urging China to take stronger climate action. The fact Xi made the net-zero pledge at a United Nations meeting suggests it was largely targeted at an international, rather than Chinese, audience.

However, the international community will judge China’s pledge on how quickly it can implement specific, measurable short- and mid-term targets for net-zero emissions, and whether it has the policies in place to ensure the goal is delivered by 2060.

Much is resting on China’s next Five Year Plan – a policy blueprint created every five years to steer the economy towards various priorities. The latest plan, covering 2021–25, is being developed. It will be examined closely for measures such as phasing out coal and more ambitious targets for renewables.

Also key is whether the recent rebound of China’s carbon emissions – following a fall from 2013 to 2016 – can be reversed.

 

Wriggle Room

The 2060 commitment is bold, but China may look to leave itself wriggle room in several ways.

First, Xi declared in his speech that China will “aim to” achieve carbon neutrality, leaving open the option his nation may not meet the target.

Second, the Paris Agreement states that developed nations should provide financial resources and technological support to help developing countries reduce their emissions. China may make its delivery of the pledge conditional on this support.

Third, China may seek to game the way carbon neutrality is measured – for example, by insisting it excludes carbon emissions “embodied” in imports and exports. This move is quite likely, given exports account for a significant share of China’s total greenhouse gas emissions.

So for the time being, the world is holding its applause for China’s commitment to carbon neutrality. Like every nation, China will be judged not on its climate promises, but on its delivery.

 


 

Source: Eco Watch

Zero-emissions aeroplanes that use AMMONIA as jet fuel rather than kerosene could take to the skies ‘within years’, British scientists claim

Zero-emissions aeroplanes that use AMMONIA as jet fuel rather than kerosene could take to the skies ‘within years’, British scientists claim
  • Ammonia burns less easily than kerosene-based fuels and so could be safer
  • To be used to power an engine, ammonia needs to be burnt along with hydrogen 
  • This can be released from ammonia itself by applying heat and a special catalyst 
  • Heat exchangers and catalytic reactors could be added to a jet with few changes
  • The ammonia-based fuel would only produce water vapour and nitrogen waste 

 

Zero-emissions aeroplanes could take to the skies ‘within years’ thanks to British scientists who are developing technology that will allow them to run on ammonia.

The collaboration between Oxford-based Reaction Engines and the UK Science and Technology Facilities Council could see ammonia replace kerosene as jet fuel.

Unlike kerosene-based jet fuel, ammonia is less of a fire hazard and burns without releasing the greenhouse gas carbon dioxide that contributes to climate change.

Just like conventional jet fuel, ammonia could be stored in the wings of planes — but, unlike its kerosene-based counterpart, ammonia does not burn so easily on its own, making it far less of a fire hazard.

In order to be burned in a combustion chamber, ammonia needs to be mixed with hydrogen — which can be released from ammonia itself using heat and a catalyst.

The researchers are proposing, therefore, to use a heat exchanger to warm up the fuel en route to the engine, followed by a so-called ‘cracking reactor’ to split some of the ammonia into hydrogen and nitrogen.

The fuel mix can then be ignited to drive the engine, with the only waste products being nitrogen, water vapour and perhaps some nitrogen oxides — although the latter can be removed from the exhaust using more ammonia.

‘The fuel could actually scrub its own emissions,’ Reaction Engines’ James Barth told MailOnline.

Given that the switch to ammonia would, at its minimum, only require minor additions to conventional jet engines, airlines could make use of the cleaner fuel without needing to completely replace their current plane fleets.

Ammonia does have a lower energy density than conventional jet fuel — meaning that aircraft powered by the novel fuel would have a slightly shorter range.

However, Dr Barth explained, ammonia fares well in comparison with other green aircraft solutions — including the more expensive fuel hydrogen and battery-power — and ammonia-powered planes would be perfectly suitable for short haul flights.

The switch may require an operational change, he added, but the team do not expect that the reduced range would prove to be a ‘showstopper’.

At present, ammonia is produced from natural gases like methane and atmospheric nitrogen — however, there is significant potential for the process to be made entirely renewable in the future by replacing the natural gas with electrolysed water.

At present, kerosene and ammonia are about the same price-per-tonne. While truly green production of ammonia will be more expensive, Dr Barth said that he expects to be offset by things like future carbon taxes.

‘We believe […] ammonia will be cost-competitive with synthetic fuels,’ he added.

Reaction Engines’ chief executive Mark Thomas told the Telegraph that the pollution reductions brought about by COVID-19-related movement restrictions could help bring about more demand for ‘green travel’.

‘We’ve been living under clean skies for the past few months,’ he added.

‘It is becoming clear that there is going to be a real technology drive.’

At present, the team are looking to design the heat changers and cracking reactor — and are seeking funding to develop a small-scale, ground-based demonstration to show that such an engine could be started and throttled up successfully.

‘There’s no reason why, [with] the right funding, we couldn’t have a small-scale demonstrator ready to test within a matter of years,’ Dr Barth said.

The news follows a recent drive for the UK to slash its carbon emissions in the interests of mitigating climate change — with the Government having promised to reach net zero emission by the year 2050.

 


 

By IAN RANDALL FOR MAILONLINE

Source: www.dailymail.co.uk

Belfast zero emission ferry project among £400m UK government funding winners

Belfast zero emission ferry project among £400m UK government funding winners

Ferries using ‘electric hydrofoil propulsion’ technology and capable of carrying 350 passengers to be developed in Belfast Harbour

A Belfast-based project to develop zero emission, high-speed ferries in Northern Ireland was among the winners of over £400m in green research and development funding announced by the UK government today.

The 13-partner syndicate – which includes Artemis Technologies, Bombardier and local universities – has secured a £33m grant to help develop zero emission ships in Belfast Harbour capable of carrying 350 passengers.

The consortium said the ferries would be among the most environmentally-friendly in the world, using up to 90 per cent less energy by relying on a “totally unique” electric hydrofoil propulsion system.

The grant, which announced today as part of a major funding round from the government’s Research and Innovation Strength in Places Fund, will help fund the project for four years. Overall, the project secured £63m in funding from the programme, which pools government investment with funding from private firms and research institutions.

 

 

First Minister of Northern Ireland Arlene Foster praised the project, which she said would support local economic growth while also furthering the development of greener transport globally. “We are all proud of Belfast’s maritime and shipbuilding heritage,” she said. “However, it is even more exciting to look towards a future which can see Northern Ireland once again leading the way with world-class manufacturing and cutting-edge technology.”

Project lead Artemis Technologies – a spin-off off from professional sailing team Artemis Racing – estimated the project would create 125 research and development jobs in the shorter term and more than 1,000 jobs across the region over the next decade.

Artemis Technologies CEO Iain Percy, a double Olympic gold medallist in sailing, said: “For years, we’ve been designing low energy, high performance solutions for some of the fastest yachts on the planet, and we will now utilise that knowledge, and along with our partners, apply it to build the world’s most environmentally friendly high-speed ferries.”

The project was one of seven R&D initiatives to secure support in the latest £400m funding round from the UK Research and Innovation’s ‘Strength in Places Fund’ today, which supports projects aimed at driving regional economic growth. The funding includes £186m of government investment, backed by a further £230m from private firms and research institutions.

Other projects to secure support today include a consortium investigating smart packaging to cut food waste, which won a £33m funding, and a Cardiff University-led effort that has gained £44m funding to develop autonomous and electric vehicles in South Wales.

Business Secretary Alok Sharma said the latest funding announced today would help ensure “some of our country’s most promising R&D projects get the investment they need to take off and thrive”.

“Working with the private sector our world-class universities, we’re backing new and innovative ideas that will create jobs and boost skills in every part of the UK for years to come,” he said.

 


 

Source www.businessgreen.com

By Cecilia Keating