Smart Green Shipping’s (SGS) ‘Winds of Change’ project to develop its ground-breaking FastRig technology has been selected as one of the recipients of £60 million in funding from the third round of the UK Government’s Clean Maritime Demonstration Competition (CMDC3). The funds will be used to develop a new UK-designed-and-built wing sail, a 20-metre high ‘FastRig’ installed on board a vessel, bringing the maritime industry closer to efficiently harnessing wind power for propulsion.
This latest...
https://www.marineinsight.com/shipping-news/new-funding-bolsters-confidence-in-fastrig-development/