Project description
An innovative solution that enables the smart electrification of boating
Fossil-fuel boating is excessively CO2-emitting, harming marine ecosystems and humans working in their vicinity. Electric boating could be the ideal more environmentally friendly and technologically superior solution to be applied in aquaculture and ecotourism sectors. However, the transition to electric-powered boats is highly cost- and time-intensive, while internal combustion engines remain attractive in terms of speed and range. The EU-funded Electric Voyage project will introduce a breakthrough patented electric propulsion system for boats in the 20-to-40-foot segment, E-G2, which ensures significantly high performance. The systems accompanying software enables complete digitisation of data and remote management of key operational parameters through a cloud system.
Objective
Small fast boats generate 10-15 times more CO2 than land vehicles over the same distance. In Norway, they produce about the same amount of CO2 as all domestic flights combined. Fossil-fuel boating also harms marine ecosystems and humans working in their vicinity. Abandoning fossil fuels bears obvious environmental and societal benefits. Furthermore, all electric boating can be a sound business choice over the boat lifetime, particularly during intensive use seen by professional boat users in aquaculture and ecotourism sectors. However, today’s boat users who wish to switch to all-electric propulsion face major performance issues. ICEs are more attractive in terms of speed and range, while the electrification of boats is highly cost- and time-intensive.
Evoy has developed a breakthrough patented electric propulsion system for boats in the 20-to-40-foot segment, E-G2. It delivers precisely what today’s boating market urgently requires in its quest for more environmentally friendly and technologically superior voyaging. Versus current market leaders, E-G2 offers up to 9.7-times higher system power and 6times higher charging power, maintaining 40-knots over 30 nautical miles and a full system charging in 15min - 1h. Our powerful accompanying software allows boat users to effortlessly digitise their boating data, monitor and adjust key operational parameters remotely and combine their data with key external information via the cloud.
Building on our proposed international piloting supervised by leading European boating companies such as AKVA Group, we expect to recoup all previous investment into E-G2 in the second year of commercialisation. We will reach an accumulated income of €88m with a 41x return on equity by 2026. In this period, E-G2 will generate 69 new positions at Evoy and our distributors, save 283k tons of CO2eq and cut the operational costs of our end customers by over €37m.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- agricultural sciences agriculture, forestry, and fisheries fisheries
- natural sciences computer and information sciences software
- engineering and technology environmental engineering energy and fuels
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3. - PRIORITY 'Societal challenges
MAIN PROGRAMME
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-2 - SME instrument phase 2
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
6900 FLORO
Norway
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.