Construction is set to begin on a new next-generation electric powered foiling ferry for the Isle of Wight.
The development follows completion of the first phase of a partnership between Artemis Technologies and Red Funnel Ferries.
The Artemis EF-24 Passenger ferry from Artemis Technologies is a high-performance electric foiling vessel, designed for a new generation of clean, sustainable ferry travel.
“We’re thrilled to have reached this exciting milestone in our partnership with Artemis Technologies,” said Fran Collins, CEO of Red Funnel.
“Moving into the delivery phase is the next step in updating our fleet to align with our long-term sustainability and decarbonisation goals while also providing a resilient lifeline service for our customers.”
To showcase the project on the Solent, Red Funnel and Artemis Technologies will stage a series of live demonstration events in May, featuring a smaller prototype vessel, highlighting the new ferry’s electric foiling technology.
We’re thrilled to have reached this exciting milestone in our partnership with Artemis Technologies.
Fran Collins
Operation of the Artemis EF-24 Passenger will save up to 3,700 tonnes of CO2e per year. The ferry will use electricity from renewable sources to increase annual emissions savings to approximately 4,150 tonnes of CO2e.
The hydrofoil propulsion technology will lift the vessel out of the water, reducing drag and wake.
“This is an incredibly exciting moment for the Isle of Wight and for Red Funnel, and I have no doubt that the team will carry this project over the line with the same passion and dedication that has brought us to this stage,” said Leanna Lakes, operations director at Red Funnel.
“The introduction of this cutting-edge technology presents a huge opportunity for Red Funnel to lead the way in sustainable ferry travel, setting new standards for the industry.”
Dr Iain Percy OBE, Artemis Technologies CEO, added: “The development phase is where we bring our shared vision to reality and we’re confident this vessel will mark a groundbreaking step in passenger transport.
“Our upcoming water taxi demonstration in May will give a glimpse into the future of ferry travel and we are eager to showcase the advancements we’ve made.”
Crew training will begin in December 2025 at Artemis Technologies’ facilities in Belfast.
