private yacht energy

ENERGY Motor yacht for sale

Some yachts are destined to break the mould, to find a new path to greatness. The 77.8m (255.2ft) full-custom yacht ENERGY, delivered by Amels in 2022, is one such yacht. ENERGY has a steel hull and aluminium superstructure constructed to Lloyd’s classification and the brief for exterior designer Espen Oeino and interior designer Francois Zuretti was to defy convention and find ways to connect with the ocean. They exceeded all expectations.

Some yachts are destined to break the mould, to find a new path to greatness. The 77.8m (255.2ft) full-custom yacht ENERGY, delivered by Amels in 2022, is one such yacht. ENERGY has a steel hull and aluminium superstructure constructed to Lloyd’s classification and the brief for exterior designer Espen Oeino and interior designer Francois Zuretti was to defy convention and find ways to connect with the ocean. They exceeded all expectations.

The top deck’s helipad forward is a versatile space outside heliops – sun lounge, al fresco yoga studio with wraparound ocean views, a space for elevated entertainment served by the statement bar, assorted lounging areas and dayhead inside. The jacuzzi and sun pads aft allow guests to bask in the sun.

The bridge deck music lounge is designed for acoustic excellence. There is a Steinway baby grand piano and marble-topped bar. The entertainment continues in the open-air lounge aft, guests can find some privacy on the sofa forward of the bridge or keep going on the walkaround sidedecks to appreciate the anchorage from every possible vantage point.

Through full-height glass, the owner’s deck bedroom overlooks, and has direct access to, a private foredeck terrace, which has an intimate lounge beneath the overhang, a jacuzzi and a mesmerising marble firepit amid armchairs and chaises longues. Walkaround sidedecks lead past a private lounge and bar, which opens on three sides to let in the sound and scent of the ocean, to open-air dining for up to 18 guests and one of the largest pools on any yacht, anywhere.

On the main deck, the ocean connection extends to both VIP suites, each of which has full-height sliding glass walls opening onto a private balcony at the forward end of extra-wide sidedecks. Moving aft, inside or out, you pass a boardroom-style office, martial arts room, lobby with lower- to bridge-deck glass elevator, formal dining room, two-tender boat deck and watertoy store, and an intimate waterfall lounge.

Whether your guests arrive at the lower deck’s swim platform or the sea-level lobby, all four lower deck guest cabins, completing accommodation for 14 guests in seven suites across three decks, have step-free access past the beauty salon to the beach club and wellness spa aft. There is a huge sea terrace outside the gym and massage room to port, and to starboard a sauna and hammam either side of a relaxation room with another sea terrace.

Twin 3,046hp MTU diesel engines give her a top speed of 17 knots, and cruising speed of 13.5 knots and an easy transatlantic range of 5,000nm. Two sets of stabilisers ensure comfort on arrival.

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主要特点

• Massive internal volume of 2,885 GT
• Presents as good as new in truly immaculate condition
• Comfortable and luxurious accommodation for 14 guests in 7 cabins
• Lower to bridge deck glass elevator
• Substantial upper deck aft pool
• Stunning exterior design by Espen Oeino
• Very spacious walk-around side decks
• Only ever lightly used by one owner
• Large beach club and spa
• Spacious gym with fold-out sea terrace

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PROJECT 825

Price on application

• Length: 75.8m (248.6ft)
• 12 guests in 6 cabins
• Built: 2025, Feadship, Royal Van Lent, The Netherlands

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ENERGY Amels

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ENERGY has 4 Photos

120m Amels custom superyacht PROJECT ...

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MALIA | From EUR€ 680,000/wk

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If you have any questions about the ENERGY information page below please contact us .

Superyacht ENERGY is a 77.8 m (255'2") yacht built by Amels in the Netherlands in 2022 and featuring naval architecture by Damen Yaching, exterior design by Espen Øino and interior design by Zuretti Interior Design. Up to 14 guests can be accommodated across the yacht’s seven suites with additional cabins for 27 crew members.

NOTABLE FEATURES OF ENERGY: ~Large open top deck ~Aft swimming pool ~Private guest balconies on side decks ~Air conditioning ~WiFi

ENERGY Specifications

EXTERIOR Luxury yacht ENERGY has been designed with tri-deck design and has a steel hull and aluminium superstructure. She boasts a 14m (46’) beam and a 3.8m (12’5”) draft plus a volume of 2,886 GT. Her engines deliver a top speed of 17 knots and a 5,000 nautical mile range at 13.5 knots.

INTERIOR Interior design is from Zuretti Interior Design.

Yacht Accommodation

Accommodation is across seven staterooms and sleeps up to 14 guests with additional cabins for 23 crew members.

Amenities and Extras

We do have available further amenity, owner and price information for the 77.8 m (255'2") yacht ENERGY, so please enquire for more information.

ENERGY Disclaimer:

The luxury yacht ENERGY displayed on this page is merely informational and she is not necessarily available for yacht charter or for sale, nor is she represented or marketed in anyway by CharterWorld. This web page and the superyacht information contained herein is not contractual. All yacht specifications and informations are displayed in good faith but CharterWorld does not warrant or assume any legal liability or responsibility for the current accuracy, completeness, validity, or usefulness of any superyacht information and/or images displayed. All boat information is subject to change without prior notice and may not be current.

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AMELS Managing Director Rob Luijendijk: “We’re innovating and growing. A big factor behind that is the rock solid support of our parent company DAMEN Shipyards. Our clients appreciate the strength and R&D know how that AMELS gains from being part of the Dutch family-owned international group.”

77M WORLD EXPLORER YACHT | From EUR€ 740,000/wk

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SAMAR | From EUR€ 650,000/wk

Start of an amazing journey

Delivered in July 2022, ENERGY features a stunning exterior design by Espen Øino whose team was also appointed to develop the General Arrangement. Zuretti Interior Designers are the studio behind the custom interiors. This Amels Full Custom benefits from a number of standout features including a large open top deck, large aft pool and very wide side decks that can be utilised as private guest balconies.

ENERGY afloat

During a private event held at our shipyard, in the presence of the Owner’s team and the designers involved in the project, as well as the Amels build team, the watertight locks were opened for the first time and ENERGY touched the water.

Andrew Tree

Owner’s representative.

‘This truly custom yacht, with stunning design both inside and out, could only be achieved with the greatest collaboration, having the very best of European design and the highest quality of construction and management. It has been a pleasure to represent the Owner throughout this prestigious build process.’

The art of yacht building

ENERGY is an Amels Full Custom yacht, a one-off built to the Owner’s unique requirements. Learn about our custom-building heritage and our Full Custom builds today.

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NOT FOR CHARTER *

This Yacht is not for Charter*

SIMILAR YACHTS FOR CHARTER

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ENERGY yacht NOT for charter*

77.8m  /  255'3 | amels | 2022.

Owner & Guests

Cabin Configuration

• Previous Yacht

Special Features:

• Impressive 5,000nm range
• Built in 2022
• Generous pool
• Lloyds Register ✠ 100A1 SSC Yacht, Mono, G6 ✠ LMC UMS classification
• Interior design from Zuretti

The 77.8m/255'3" motor yacht 'Energy' was built by Amels in the Netherlands. Her interior is styled by French designer design house Zuretti and she was delivered to her owner in June 2022. This luxury vessel's exterior design is the work of Espen Oeino.

Guest Accommodation

Energy has been designed to comfortably accommodate up to 14 guests in 7 suites. She is also capable of carrying up to 27 crew onboard to ensure a relaxed luxury yacht experience.

Onboard Comfort & Entertainment

Her features include beauty salon, underwater lights, beach club, deck jacuzzi, WiFi and air conditioning.

Range & Performance

Energy is built with a steel hull and aluminium superstructure, with teak decks. Powered by twin diesel MTU (16V 4000 M73L) 3,046hp engines, she comfortably cruises at 13 knots, reaches a maximum speed of 17 knots with a range of up to 5,000 nautical miles at 13 knots. She was built to Lloyds Register ✠ 100A1 SSC Yacht, Mono, G6 ✠ LMC UMS classification society rules.

*Charter Energy Motor Yacht

Motor yacht Energy is currently not believed to be available for private Charter. To view similar yachts for charter , or contact your Yacht Charter Broker for information about renting a luxury charter yacht.

Energy Yacht Owner, Captain or marketing company

'Yacht Charter Fleet' is a free information service, if your yacht is available for charter please contact us with details and photos and we will update our records.

Energy Photos

Energy Awards & Nominations

• Boat International Design & Innovation Awards 2023 Outstanding Exterior Motor Yacht Design - 60m and above Finalist
• Boat International Design & Innovation Awards 2023 Best Interior Design Motor Yachts 500GT and Above Finalist
• The World Superyacht Awards 2023 Displacement Motor Yachts 1500GT and above Nomination
• International Superyacht Society Awards 2023 Best in Motor 1500-3000 GT Finalist

NOTE to U.S. Customs & Border Protection

Specification

M/Y Energy

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The World's First Hydrogen-Powered Superyacht Has a $644 Million Price Tag

Superyachts seemed to be among the last modes of (luxe) transportation to bend toward the growing consumer demand for eco-friendly engine designs. But if news from last week’s Monaco Yacht Show served as a bellwether, the industry meant to cater to the wealthiest among us made a progressive splash with the unveiling of Aqua, the world's first hydrogen-powered superyacht.

Designed by the Dutch firm Sinot Yacht & Architecture Design, Aqua is a nearly 400-foot-long vessel that's run entirely by a renewable energy source. "Water is the eternal fuel of life, the life-sustaining force that makes planet Earth habitable," says Sander Sinot, founder of the firm that bears his name. "Water is soft, yet at the same time it cuts through hard rocks." It was this appreciation of water that helped the firm find balance between the natural world and the technological. The propulsion system is made up of two 28-ton vacuumed tanks that each contain liquified hydrogen which are stored at -423 degrees Fahrenheit. Along with being eco-friendly, hydrogen-based energy means for a quieter experience aboard the ship in comparison to traditional engines. That said, there will be backup diesel generators handy should the captain ever need them.

The infinity pool aboard AQUA. 

There was much confusion on Monday if there was already a buyer who had paid the hefty $644 million price tag. Reports spread throughout the internet that billionaire Bill Gates had purchased the superyacht, rumors that proved to be false. Yet readers couldn't be blamed for believing such reports, as images show Aqua to include its own infinity pool, helipad, spa, and gym—amenities meant to attract billionaires such as Gates.

An aerial view of the superyacht shows how close passengers can get to the water, as well as the cascading design of the infinity pool.

Sinot and his team designed the vessel to safely bring passengers as close to the water as possible. "Water is relaxation; it makes us calmer and more creative," Sinot comments. "We wanted to provide those on board with the closest possible proximity to the water. The aft deck features an innovative series of platforms cascading down towards the sea, while a large swim platform allows all passengers to enjoy the optimal experience of accessing the water at sea level."

One of the bedrooms inside of Aqua shows a minimalist aesthetic. 

Aqua can reach speeds of up to 19.5 mph and features enough room for 14 guests and 31 crew members. The firm plans to complete the vessel by 2024.

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Superyachts aim to go green — but at what cost?

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Victor Mallet

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

It is hard to think of a more visible manifestation of great wealth and excessive consumption than a superyacht, as Russian oligarchs have discovered to their cost, following Vladimir Putin’s invasion of Ukraine in February.

As western governments began detaining these very obvious luxury assets at harbours and shipyards around the world in successive rounds of economic sanctions aimed at Moscow, the targeted billionaires directed crews to steer the vessels to safe havens such as the Maldives in the Indian Ocean or Turkey in the Mediterranean. Roman Abramovich’s 163-metre Eclipse, one of the world’s largest superyachts and estimated to cost more than $1bn, found refuge in the Turkish port of Marmaris.

Long before the latest Ukraine war, however, the superyacht industry faced a problem unrelated to any support the ships’ wealthy owners may have provided to warmongering authoritarian regimes: their impact on the environment and the impression they gave that the rich could not care less about climate change.

Most superyachts — typically defined as a leisure vessel more than 30 metres or 100ft in length — are essentially motor vessels like small cruise liners, catering to proprietors or charterers and a few pampered guests. The biggest have helicopter pads, swimming pools and gyms as well as luxury suites. Some even have mini-submarines.

Very few are sailing yachts, and most of them consume vast quantities of diesel. Only now are manufacturers starting to develop new technologies such as hydrogen-powered electric propulsion that will cut emissions.

In the meantime, building the boats, operating them and, eventually, scrapping them all have a damaging effect on the environment. The same is true of aircraft and cars, but the very visibility of superyachts in tourist hotspots, makes their ecological footprint an increasingly sensitive topic. The global fleet has grown more than sixfold since 1985 to reach more than 5,200, according to Superyacht Times . And the fleet cruises the world’s vulnerable oceans.

“For sure, now it’s really high up the agenda — there’s been a fundamental shift,” says Monaco-based superyacht designer Espen Oeino, who reckons it is only in the past few years that most proprietors have really started to pay attention to yacht emissions. Clients ask him what can be done to reduce energy consumption onboard, both for propulsion and for the so-called “hotel load” of air-conditioning and other services, and even how to build the boat in the first place in a responsible way.

Rob Doyle, another naval architect who designs superyachts and is based in Kinsale in Ireland, agrees that more owners are beginning to take notice of the need to reduce carbon emissions and protect the environment, though many are still concerned about the cost. “There is still a huge amount of greenwashing,” he says. “You look at the magazines and you’ll never see a bad superyacht.”

And bad they often are. Research by anthropologists Beatriz Barros and Richard Wilk of Indiana University into the carbon footprints of the super-rich found that yachts contributed an outsized share of the carbon emissions of the billionaires who own them — far more than their private jets or mansions.

For former Chelsea Football Club owner Abramovich, for example, of the 31,200 tonnes of CO₂ equivalent he is calculated to have emitted in 2018, no less than 22,400 tonnes came from his yachts. Yacht emissions for Bernard Arnault, owner of LVMH and France’s richest man, accounted for nearly 9,000 tonnes of his total of 10,400 tonnes.

There are other ways for the wealthy to be embarrassed by their superyachts. Dutch shipyard Oceanco is facing resistance from angry locals after asking the city of Rotterdam to temporarily dismantle the old Koningshaven Bridge so that Amazon founder Jeff Bezos’s new three-masted vessel — this one is a sailing yacht costing hundreds of millions of dollars — can reach the port and the open sea.

But the impact on the climate is still the environmental whale in the room for yacht owners, builders and designers: Bill Gates and Elon Musk are both big carbon emitters, but their 2018 numbers were much lower than those of their fellow billionaires because they did not have yachts, the Barros-Wilk paper showed.

The accelerating effort to green superyachts reflects similar moves in the aircraft and vehicle industries to adopt new technologies and systems that help to reduce or eliminate carbon emissions and other pollution.

For superyacht designers and builders, the process starts with the shape of the hull or hulls, because there are few things so wasteful of energy as pushing a heavy metal or composite vessel through a fluid as dense as water. For both Oeino and Doyle, this search for what Oeino calls the “geometry of an easily driven hull” means looking at multihulls (catamarans or trimarans) for the next generation of big yachts, because they are designed to skim along the surface of the sea rather than laboriously plough through it, even if there are obvious constraints on weight and what you can do with the interior space.

Next, propulsion. There are already diesel-electric boats in service, which use diesel generators running at optimum revolutions (more economical, less polluting) to power electric motors, and, in future, the idea is to run the electric motors with the output from hydrogen fuel cells.

Then there is the electricity needed for the yacht’s hotel load, principally air-conditioning and the making of fresh water from seawater, but also lights and other electrical systems. Solar panels can produce some power but rarely enough even to run a present-day superyacht at anchor, so to charge batteries and run the boat, some other form of carbon-free electricity generation is needed to replace the diesel generators widely in use today.

For Barros and Wilk, none of this can justify owning any kind of superyacht. They write: “While many billionaires have taken pro-environmental actions in their personal lives or their corporate connections or donate money to climate change organisations and purchase carbon offsets, none of these actions actually ‘cancels out’ their total emissions. A 90-metre yacht can be touted as energy efficient or environmentally friendly but, as critics of ‘eco-chic’ point out, it is still a huge waste of resources, a frivolous luxury in a warming world.”

But the industry is trying. Doyle’s answer, developed by his own firm and Van Geest Design, is Domus (“home” in Latin), a project for a 40-metre sailing trimaran described as “the first truly zero-emission yacht” over 750 gross tonnes, which would generate electricity to charge its batteries from solar panels, hydrogen fuel cells and its own propellers acting as dynamos when the boat is sailing.

“It came out of a conversation we had with a client,” says Doyle. “We proposed this project with fuel cells, and regenerative sailing. It’s silent . . . people just want to listen to the water and the wind coming across and not have the hum of generators or the whiff of diesel.”

People just want to listen to the water and the wind coming across and not have the hum of generators or the whiff of diesel Rob Doyle, yacht designer

Hydrogen propulsion is in its infancy for mass transport. The gas is difficult to store, though it can be made from methanol, and there is, as yet, no distribution network for the fuel. But the interest in hydrogen is just one sign of how the yacht industry is hunting for ways to lower emissions in the years ahead as the pressure from regulators — and public opinion — increases.

Oeino notes that in some places, including the World Heritage Site fjords such as Geirangerfjord in his native Norway, rules limiting emissions are already in place and becoming stricter, and will help to force the pace of the greening of ships and yachts.

The first systems for big yachts to be fully powered by renewables are likely to be the tenders, the smaller boats that ferry people to and from the shore, which are already starting to shift to electric propulsion, and the equipment that contributes to the hotel load when the ship is stationary. Hotel loads can, in any case, be reduced by sensible design and operation, given that indoor superyacht spaces are heavily air-conditioned all the time despite owners and guests spending a huge amount of their time outside, on deck.

Transocean travel with zero emissions is a much bigger ask, says Oeino. “A lot of stuff is already being implemented, but the full electric big yacht with zero emissions is still not a reality,” he explains, because it is impossible to store or produce enough energy onboard.

“It will be a combination of things that will bring us all to lower emissions and eventually zero emissions.” 

‘Yachts for science’ can be a breakthrough for explorers

For yacht owners who feel guilty not only about their environmental footprint but also about how little they use their expensive boats, Rosie O’Donnell has the perfect solution: Yachts for Science .

YFS, which its co-ordinator O’Donnell describes as “a dating agency, almost like a Tinder for the sea”, is a platform to match idle yachts and their crews with scientists in search of a vessel that can reach remote areas and allow them to research everything from coral reefs and manta rays to great white sharks. In some cases, the owners and their families like to be on board for the ride.

“It’s for people who want to be a bit philanthropic so they have got something more to talk about than sitting on the back of their boat in St Tropez drinking cocktails,” says O’Donnell. “It’s about making the ownership more worthwhile.”

The idea of YFS fits with the trend among yachtowners to commission robust so-called expedition or explorer yachts that can travel long distances, to the Antarctic for example, rather than being satisfied with something that will buzz at high speeds around the resorts of the Mediterranean or the Caribbean.

“The yachting industry is always looking for ways to reinvent itself,” says Dominic Byrne of Arksen Marine , a builder that backs YFS and is building a new range of high-tech motor yachts. “People are looking to go further afield, and they are looking to do it in an eco-friendly way as much as possible.”

This article is part of FT Wealth , a section providing in-depth coverage of philanthropy, entrepreneurs, family offices, as well as alternative and impact investment

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Where climate change meets business, markets and politics.  Explore the FT’s coverage here .

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Private planes, mansions and superyachts: What gives billionaires like Musk and Abramovich such a massive carbon footprint

Distinguished Professor and Provost's Professor of Anthropology; Director of the Open Anthropology Institute, Indiana University

Ph.D. Candidate in Anthropology, Indiana University

Disclosure statement

The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

Indiana University provides funding as a member of The Conversation US.

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Tesla’s Elon Musk and Amazon’s Jeff Bezos have been vying for the world’s richest person ranking all year after the former’s wealth soared a staggering US$160 billion in 2020, putting him briefly in the top spot .

Musk isn’t alone in seeing a significant increase in wealth during a year of pandemic, recession and death. Altogether, the world’s billionaires saw their wealth surge over $1.9 trillion in 2020, according to Forbes.

Those are astronomical numbers, and it’s hard to get one’s head around them without some context. As anthropologists who study energy and consumer culture, we wanted to examine how all that wealth translated into consumption and the resulting carbon footprint.

Walking in a billionaire’s shoes

We found that billionaires have carbon footprints that can be thousands of times higher than those of average Americans.

The wealthy own yachts, planes and multiple mansions, all of which contribute greenhouse gases to the atmosphere. For example, a superyacht with a permanent crew, helicopter pad, submarines and pools emits about 7,020 tons of CO2 a year, according to our calculations, making it by the far worst asset to own from an environmental standpoint. Transportation and real estate make up the lion’s share of most people’s carbon footprint, so we focused on calculating those categories for each billionaire.

To pick a sample of billionaires, we started with the 2020 Forbes List of 2,095 billionaires. A random or representatives sample of billionaire carbon footprints is impossible because most wealthy people shy away from publicity , so we had to focus on those whose consumption is public knowledge. This excluded most of the superrich in Asia and the Middle East .

We combed 82 databases of public records to document billionaires’ houses, vehicles, aircraft and yachts. After an exhaustive search, we started with 20 well-known billionaires whose possessions we were able to ascertain, while trying to include some diversity in gender and geography. We have submitted our paper for peer review but plan to continue adding to our list.

We then used a wide range of sources, such as the U.S. Energy Information Administration and Carbon Footprint , to estimate the annual CO2 emissions of each house, aircraft, vehicle and yacht. In some cases we had to estimate the size of houses from satellite images or photos and the use of private aircraft and yachts by searching the popular press and drawing on other studies . Our results are based on analyzing typical use of each asset given its size and everything else we could learn.

We did not try to calculate each asset’s “ embodied carbon ” emissions – that is, how much CO2 is burned throughout the supply chain in making the product – or the emissions produced by their family, household employees or entourage. We also didn’t include the emissions of companies of which they own part or all, because that would have added another significant degree of complexity. For example, we didn’t calculate the emissions of Tesla or Amazon when calculating Musk’s or Bezos’ footprints.

In other words, these are all likely conservative estimates of how much they emit.

Your carbon footprint

To get a sense of perspective, let’s start with the carbon footprint of the average person.

Residents of the U.S., including billionaires, emitted about 15 tons of CO2 per person in 2018. The global average footprint is smaller, at just about 5 tons per person.

In contrast, the 20 people in our sample contributed an average of about 8,190 tons of CO2 in 2018. But some produced far more greenhouse gases than others.

The jet-setting billionaire

Roman Abramovich, who made most of his $19 billion fortune trading oil and gas, was the biggest polluter on our list. Outside of Russia, he is probably best known as the headline-grabbing owner of London’s Chelsea Football Club.

Abramovich cruises the Mediterranean in his superyacht, named the Eclipse , which at 162.5 meters bow to stern is the second-biggest in the world, rivaling some cruise ships. And he hops the globe on a custom-designed Boeing 767 , which boasts a 30-seat dining room. He takes shorter trips in his Gulfstream G650 jet, one of his two helicopters or the submarine on his yacht.

He maintains homes in many countries, including a mansion in London’s Kensington Park Gardens, a chateau in Cap D’Antibes in France and a 28-hectare estate in St. Barts that once belonged to David Rockefeller . In 2018, he left the U.K. and settled in Israel , where he became a dual citizen and bought a home in 2020 for $64.5 million.

We estimate that he was responsible for at least 33,859 metric tons of CO2 emissions in 2018 – more than two-thirds from his yacht, which is always ready to use at a moment’s notice year-round.

Massive mansions and private jets

Bill Gates, currently the world’s fourth-richest person with $124 billion, is a “modest” polluter – by billionaire standards – and is typical of those who may not own a giant yacht but make up for it with private jets.

Co-founder of Microsoft, he retired in 2020 to manage the Bill and Melinda Gates Foundation, the world’s largest charity, with an endowment of $50 billion.

In the 1990s, Gates built Xanadu – named after the vast fictional estate in Orson Welles’ “Citizen Kane” – at a cost of $127 million in Medina, Washington. The giant home covers 6,131 square meters, with a 23-car garage, a 20-person cinema and 24 bathrooms. He also owns at least five other dwellings in Southern California, the San Juan Islands in Washington state, North Salem, New York, and New York City, as well as a horse farm , four private jets, a seaplane and “a collection” of helicopters .

We estimated his annual footprint at 7,493 metric tons of carbon, mostly from a lot of flying.

The environmentally minded tech CEO

South African-born Elon Musk, CEO of Tesla Motors and SpaceX, has a surprisingly low carbon footprint despite being the world’s second-richest person, with $177 billion – and he seems intent on setting an example for other billionaires .

He doesn’t own a superyacht and says he doesn’t even take vacations .

We calculated a relatively modest carbon footprint for him in 2018, thanks to his eight houses and one private jet. This year, his carbon footprint would be even lower because in 2020 he sold all of his houses and promised to divest the rest of his worldly possessions .

While his personal carbon footprint is still hundreds of times higher than that of an average person, he demonstrates that the superrich still have choices to make and can indeed lower their environmental impact if they so choose.

His estimated footprint from the assets we looked at was 2,084 tons in 2018.

The value of naming and shaming

The aim of our ongoing research is to get people to think about the environmental burden of wealth.

While plenty of research has shown that rich countries and wealthy people produce far more than their share of greenhouse gas emissions, these studies can feel abstract and academic, making it harder to change this behavior.

[ Like what you’ve read? Want more? Sign up for The Conversation’s daily newsletter .]

We believe “shaming” – for lack of a better word – superrich people for their energy-intensive spending habits can have an important impact, revealing them as models of overconsumption that people shouldn’t emulate.

Newspapers, cities and local residents made an impact during the California droughts of 2014 and 2015 by “drought shaming” celebrities and others who were wasting water, seen in their continually green lawns . And the Swedes came up with a new term – “ flygskam ” or flying shame – to raise awareness about the climate impact of air travel.

Climate experts say that to have any hope of limiting global warming to 1.5 degrees Celsius above preindustrial levels, countries must cut their emissions in half by 2030 and eliminate them by 2050.

Asking average Americans to adopt less carbon-intensive lifestyles to achieve this goal can be galling and ineffective when it would take about 550 of their lifetimes to equal the carbon footprint of the average billionaire on our list.

• Climate change
• Carbon emissions
• Carbon footprint
• Paris Agreement
• Billionaires
• Roman Abramovich

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Yachting World

• Digital Edition

The future of yachting: Smart technology for your next yacht

• Toby Hodges
• May 14, 2020

Could hydrogen-powered yachts be built from rocks or plants in the next decade? Toby Hodges investigates yachting’s eco future

It’s becoming abundantly clear that to meet greenhouse gas emissions targets set out in the 2016 Paris Agreement, we’ll need to adopt some radical changes in all lifestyles. Thankfully sailing is, by its very nature, a green activity. In fact, if you wanted to live as carbon neutral a lifestyle as possible, move onto a yacht and go sailing! But for how much longer will we be able to buy glass reinforced plastic boats, powered by diesel engines ?

When you consider the energy, materials and waste in composite boatbuilding, it can paint an ugly picture. Ironically, the best way forward might be to revert back to building wooden yachts with hemp ropes and cotton sails, but that is perhaps not the most practical answer to supplying today’s global boating demands.

However, researching this feature has filled me with optimism. There are brilliant minds working in the marine industry and many fascinating solutions for alternative materials and power sources. So how might eco-tech change boatbuilding in the next ten years and what will your next yacht look like?

This hydrogen electric cat is midway through build at Daedalus in North Carolina

The simple solution

Technology will continue to make yachts ever simpler to operate. The ability to go daysailing easily will be critical for an increasingly time-poor generation, while powerboaters drawn to the eco credentials of sailing will seek an intuitive format, in yachts that are easy to rig, dock and manage.

Boatbuilders are progressively incorporating greener propulsion and sustainable power sources, and are turning to natural and recyclable materials. Whether they are regulated to do so or not, this is a logical step to take, especially if we, the buyers, demand a more ethical product.

In the next decade we’ll certainly see a marked increase in the use of 3D printing in boatbuilding. Already employed for custom parts, this technology could be used to build hulls and decks – printed structures with natural fibre skins surrounding them could eliminate the need for wasteful moulds.

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There are already bodies in place concentrating on the reduction of waste and energy use in boatbuilding, while promoting recycled and low-impact materials. 11th Hour Racing is doing commendable work here. The common boatbuilding technique of using hand laid-up polyester certainly looks increasingly endangered.

Search for speed

The most effective way to minimise your carbon footprint afloat is to sail, so there is a strong argument for choosing performance yachts , which can harness the wind more efficiently. Large yachts and catamarans have an advantage too as they provide the deck space to host numerous solar panels and the speed to incorporate regenerative propulsion.

During its research for the Outremer 4E project, and new 55, Grand Large Yachting found that the usage of a yacht accounts for a much higher carbon footprint than its build. If you are able to sail in five knots of wind, then you can sail 95% of time in the Mediterranean, it says (data from western Med June-September).

Outremer’s 4E prototype will be used by cruising guru Jimmy Cornell for his next circumnavigation

To achieve this performance requires minimising weight, but what are the best alternatives to using the traditional high strength-to-weight ratio synthetic fibres such as glass and carbon?

Basalt fibre has long shown promise and is being used by new French catamaran brand Windelo to build its hulls, with PET (recycled plastic bottles) cores. Basalt is transformed from volcanic rock (with minimal CO 2 emissions), so the fibres are particularly resistant to heat and are recyclable.

However, it is the fibres from plants that could offer the most potential for boatbuilding. Flax in particular, the plant from which linen is derived, looks like becoming one of the most effective alternatives for use in high-strength composite applications.

Natural promise: Linen fibres are derived from quick-growing flax plants

Boats from plants?

The flax-based products of Swiss company Bcomp have already been used effectively in motorsport bodywork and snow skis for their combination of stiffness and vibration damping.

Paul Riley, a composites expert now marketing Bcomp products for marine use, says that flax is lighter than glass fibres, with similar stiffness and significantly lower cost than carbon fibres, yet with up to 75% CO 2 savings. “I think we’ll see this coming into mainstream yachting in the next two to three years,” he says. “Manufacturers need to take a stand and switch to less environmentally impactful materials, which will also provide improved health and safety for their workers.”

Flax grows from seed to crop in eight weeks, rarely needs irrigation, and chemicals are not required. Thus far it has been used by German yard Greenboats, including on the 2016-built GreenBente 24, and superyacht builders Baltic Yachts. News that Gurit, global leader in composite material supply, will be the worldwide distributor for Bcomp, could lead to a broad adoption by marine manufacturers.

A Tesla Model S electric race car clothed in Bcomp flax composite bodywork

Visitors to the Düsseldorf Boat Show this year may have seen the potential of this fibre on the Greenboats stand. Its Judel/Vrolijk-designed Flax 27 daysailer became a test-bed for numerous natural and recycled materials. The hull is made from flax and bio resin with a PET core, the deck from cork.

Greenboats’ founder Friedrich Deimann told me how frustrated he became with using composite materials, especially coming from a wooden boatbuilding background. “It takes five times as much energy to produce glassfibre than linen fibre,” Deimann reports, showing me the plants from which he built his beautiful clear-coated daysailer.

Greenboats has been using Flax or Natural Fibre Composites (NFC) since 2010. And it minimises the use of moulds by using a stitch-and-glue technique to build panels. Deimann’s company shows what is possible, but he admits a lack of trained personnel and the costs of small-scale production are the current issues.

The Greenboats Flax 27 daysailer has a hull made of linen fibre and bio resin with a core of recycled plastic bottles

Another is resin control. “You can’t use hand lay-up with flax because it’s a natural material, and without compression the fibres can absorb a lot of resin,” says Deimann. “By vacuum-infusing the resin, you compress and control it.” Vacuum-infusing resin brings its own environmental issues because the plastic used in the bagging process creates a significant amount of landfill. Some boatbuilders have already found a clever solution here in reusable silicone bags.

But the resin itself still remains an issue for chemists to solve. Pure bio resins exist already, but for the high-performance epoxies required in boatbuilding the natural content might only be around 30%. Entropy resins, bio-epoxies used in marine, snow and surfboards for example, are manufactured by replacing petroleum-based carbon with renewable plant-based carbon – by-products from the agricultural industry.

Recyclable boats

Elsewhere, yards have been forging ahead with various technologies that offer a cleaner end of life potential. The hull of the mini 6.50 raceboat Arkema 3 was made from a recyclable thermoplastic composite using Elium acrylic resin, for example, which can be ground down and reused to manufacture new parts. And many RS dinghy hulls are made from rotomoulded and recyclable polyethylene.

Meanwhile, the benefits of using high-tech timber construction are clear for all to see thanks to Spirit Yachts . Its strip-planked technique makes for a very stiff, lightweight structure, with hulls made from largely renewable materials. Indeed, the beautiful new Spirit 111 flagship is being labelled as one of the most environmentally friendly superyachts ever.

Managing director Nigel Stuart has instigated a network of green initiatives at the Ipswich yard and in its yachts. The Spirit 111 includes energy-saving appliances throughout, including ultra-efficient hydraulics and genset, and a regenerative propulsion system for its Torqeedo electric drive.

And it is this latter element – power – that will surely be the primary focus for making cruising yachts greener in the coming decade.

Going electric

Torqeedo and Oceanvolt have led this drive so far, with Volvo Penta now ramping up its electromobility technology. And although Torqeedo has already delivered 100,000 electric drives, this represents only a small fraction of the market, according to CEO Dr Christoph Ballin.

“So far, only about 1.3% of marine propulsion systems are electric… we need to put the foot down and do more,” he states. Over the next decade, Ballin sees serial hybrid power as the optimum solution for yachts, systems that involve a large battery bank with a mix of solar and hydro power generation. This reduces the CO 2 footprint by around 90%, but with the safety net of a ‘diesel range extender’ – a compact generator, says Ballin.

Moonwave is a Gunboat 60 recently refitted with the latest generation of Torqeedo’s Deep Blue electric drive system

Such a system caters for normal sailing and living requirements using only battery power. “The role of the generator is reduced from providing everyday energy for living on board (heating, cooking, washing, aircon) to emergency use, if you will. And the role of the combustion engine for driving the boat is completely eliminated.”

But what about hydrogeneration? Combined with enough solar panels, surely this will enable us to dispense with fossil fuels on board altogether? “I fully agree, hydrogeneration in terms of using the propeller to create power under sail is one thing that is here to stay,” Ballin believes.

ZF steerable saildrives are being integrated with Torqeedo systems for hydrogeneration

But it is dependent on the speed and size of the vessel. He points out that if you have a fast boat you can generate all the electricity you need while sailing: “We have a customer with Gunboat 60 which generates 10-15kW”.

Battery storage

“The limitation here,” points out Ballin, “is how much energy you can store in a battery, because of the energy density that batteries offer.” Torqeedo’s Deep Blue technology and use of BMW’s i3 high voltage lithium-ion batteries gives it an edge on competitors.

But is the reliance on lithium boat batteries as a ‘clean’ source of energy storage simply solving one problem by adding another? The questionable mining ethics surrounding the cobalt used in many lithium batteries has been widely reported and the question of battery recycling still remains unanswered.

Ballin foresees supply chains becoming more ethical from a human rights standpoint. He explains that BMW is now controlling the entire supply chain for its batteries, including sourcing the raw materials, to avoid inhumane working conditions.

This makes for another whole topic, as does the recycling issue, to which Ballin alludes to the potential for a second life for marine batteries in powerwalls and energy storage before they go into any recycling for cobalt extraction.

“We are in front of the largest mobility revolution since the introduction of combustion engines,” Ballin states. “We have to live with the fact that the stages in this transformation programme are all imperfect – and will be for more than ten years.”

Looking ahead, Ballin sees three key scenarios for what is possible for climate neutrality on boats: battery electric vehicles; hydrogen-power; and synthetic fuels. “The rule for sailors I think will be that wherever battery electric vehicles are feasible those are the preferred ways to go forward.

“If battery electric vehicles do not give you enough power, which is almost always the case for oceangoing vessels, then you can go to hydrogen for example… It will become mainstream to have a climate-neutral range extender.”

Hydrogen power

So could hydrogen be the holy grail of energy for yachts? Hydrogen fuel cells work by converting hydrogen (from seawater) to positive and negative electron charges. So far this process has been used as an energy source only by a few pioneering vessels, including Energy Observer , the first energy autonomous hydrogen boat to circumnavigate. And Race for Water , a solar and kite-powered multihull carrying a conservative amount of hydrogen (200kg) in 25 bottles, is currently three quarters of the way round the world.

Solo racing sailor Phil Sharp has been demonstrating a hydrogen fuel cell in place of a diesel engine to generate power aboard his Class 40 OceansLab . He believes larger scale commercial shipping and marine craft can adopt the technology to reduce their carbon emissions to zero.

For leisure yachts, however, hydrogen fuel cells are not yet economically feasible. Torqeedo’s Ballin explains the practical limitations: “The energy density of hydrogen per kg is a lot better than petrol or diesel, but the volumetric energy density is about 1/13th of diesel.” This means much larger fuel tanks are necessary – although these volumes can be reduced under pressure.

That helps to explain why hydrogen has been adopted by only a handful of (large) yachts thus far. A pioneer of the technology is Daedalus Yachts, which is midway through building the first hydrogen-powered superyacht. “Over the past two years we have conceived and developed not only a complete hydrogen electric marine propulsion system but also a clean energy micro grid with the only emissions being oxygen and pure water,” says Daedalus’s founder Michael Reardon.

The overview of the Daedalus renewable energy and power system

The 88ft catamaran is being built to full commercial survey for world cruising for visionary Stephan Muff, who created the technology for Google Maps. The Daedalus electrolyser (which converts water to hydrogen) is the same as has been used in US spaceships and NATO submarines, so the North Carolina company is quietly confident it’s onto a reliable power source.

For the shorter term however, sailors should look to solar and battery technology, where we can assume continued improvements in efficiency and capacity for reduced costs. Building photovoltaic cells into biminis, decks, masts, and sails is already feasible.

Using sail power alone whenever possible is an obvious objective. But it’s the sailcloth itself that is arguably the most disposable component, particularly aboard racing yachts. Laminate sails with a Mylar membrane can’t be recycled, so many used sails go to landfill, or are abandoned in sheds and shipping containers.

OneSails 4T Forte membranes are recyclable sails that use STR stripes, a high modulus fibre produced by compaction of polymer to create a flat ribbon

Polyester/Dacron sails are largely thermoplastic so can be melted and reformed (although typically coatings such as melamine render this highly problematic). However, other than turning them into bags and accessories, what are the options for sails with synthetic fibres, high modulus yarns, which are notoriously difficult to chop up and repurpose?

OneSails has been ahead of the game here with its 4T technology. It uses a recyclable base polymer and replaces the glues and resins with heat fusion. The result is a composite single structure sail, which uses a low-stretch technology to avoid Mylar or taffeta, for a completely recyclable sail. “This technology is the only genuine sailmaking system that offers the opportunity for sailors to recycle ‘end of life’ sails,” says OneSails UK’s John Parker.

North Sails’ 3Di products also avoid Mylar film and the company is working to recover raw material from used sails to turn it back into polyester fibres. North’s commercial director Tom Davis, who has overseen its cloth business for the last 20 years, sees two key areas of development with greener sails. Firstly with the raw materials: “I will be very surprised in the next few years if materials going into sails aren’t substantially bio-based.”

With its partner, Steelhead Composites, Daedalus has built the world’s only certified hydrogen containment vessel

And secondly, with what he terms the ‘back end’: “A very high percentage of the total acreage of sailcloth in all areas will be repurposed/recycled.” Again, he sees the quickest changes happening with polyester and reports that North is already using recycled PET films, which are chemically indistinguishable from oil-based film.

Davis has been impressed by the speed of the technology in these areas. “In the sailcloth/making business, we’re not big enough to be producing new yarn or filaments – that’s really a petrochemical level business. But we are the beneficiaries of the technologies those companies develop.”

So in the case of high modulus yarn products, North is working with a company that is producing a bio source for the monomers that become polymers and then become high performance yarn and fibre. “So instead of pumping oil out of the ground and converting it to plastic, they’re starting with trees and ending up with very high performance plastics,” Davis explains.

Positive thinking

It goes without saying that future yachts should be well insulated, durable and with very low energy loss and consumption. Battery banks and renewable regeneration will mean there’s little requirement for fossil fuels. Water filtration in and out of the boat is increasingly important. For those who spend long periods aboard, the growing energy efficiency of watermakers means there is simply no call to ship bottled water. Self-sufficiency rules.

The dissolving print your anchor leaves in the sand should be the only evidence a yacht ever leaves behind! I’m confident the next decade will bring a tidal wave of innovation in the marine sector. And with the right collective mindset, the future is indeed bright – it’s exciting and it’s green.

First published in the April 2020 edition of Yachting World.

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Yard : Amels Type : Motor yacht Guests : 14 Crew : 29 Cabins : 7 Length : 77.8 m / 255′3″ Beam : 14 m / 46′0″ Draft : 3.8 m / 12′6″ Year of build : 2022 Classification : Lloyds Displacement : Full displacement Type of engine : Diesel Brand : MTU Model : 16V 4000 M73L Engine power : 3050 hp Total power : 6100 hp Maximum speed : 17 knots Cruising speed : 12 knots Range : 5000 nm Gross tonage : 2885 Hull : Steel Superstructure : Aluminium Decking : Teak Interior designer : François Zuretti Exterior designer : Espen Oeino Similar yachts New listings The global authority in superyachting NEWSLETTERS Yachts Home The Superyacht Directory Yacht Reports Brokerage News The largest yachts in the world The Register Yacht Advice Yacht Design 12m to 24m yachts Monaco Yacht Show Builder Directory Designer Directory Interior Design Directory Naval Architect Directory Yachts for sale home Motor yachts Sailing yachts Explorer yachts Classic yachts Sale Broker Directory Charter Home Yachts for Charter Charter Destinations Charter Broker Directory Destinations Home Mediterranean South Pacific Rest of the World Boat Life Home Owners' Experiences Interiors Suppliers Owners' Club Captains' Club BOAT Showcase Boat Presents Events Home World Superyacht Awards Superyacht Design Festival Design and Innovation Awards Young Designer of the Year Award Artistry and Craft Awards Explorer Yachts Summit Ocean Talks The Ocean Awards BOAT Connect Between the bays Golf Invitational Boat Pro Home Superyacht Insight Global Order Book Premium Content Product Features Testimonials Pricing Plan Tenders & Equipment ENERGY is a 77.8 m Motor Yacht, built in Netherlands by Amels and delivered in 2022. Her top speed is 17.0 kn and she boasts a maximum range of 5000.0 nm when navigating at cruising speed, with power coming from two MTU diesel engines. She can accommodate up to 14 guests in 7 staterooms, with 27 crew members. She has a gross tonnage of 2885.0 GT and a 14.0 m beam. She was designed by Espen Oeino International , who has designed 68 other superyachts in the BOAT Pro database. The naval architecture was developed by Amels , who has architected 71 other superyachts in the BOAT Pro database, and the interior of the yacht was designed by Francois Zuretti , who has 204 other superyacht interiors designed in the BOAT Pro database - she is built with a Teak deck, a Steel hull, and Aluminium superstructure. ENERGY is in the top 5% by LOA in the world. She is one of 118 motor yachts in the 70-80m size range, and, compared to similarly sized motor yachts, her volume is 1103.8 GT above the average. 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Image:  Getty Images/iStockphoto .chakra .wef-1c7l3mo{-webkit-transition:all 0.15s ease-out;transition:all 0.15s ease-out;cursor:pointer;-webkit-text-decoration:none;text-decoration:none;outline:none;color:inherit;}.chakra .wef-1c7l3mo:hover,.chakra .wef-1c7l3mo[data-hover]{-webkit-text-decoration:underline;text-decoration:underline;}.chakra .wef-1c7l3mo:focus,.chakra .wef-1c7l3mo[data-focus]{box-shadow:0 0 0 3px rgba(168,203,251,0.5);} "Arm" Piyachart Isarabhakdee .chakra .wef-1nk5u5d{margin-top:16px;margin-bottom:16px;line-height:1.388;color:#2846F8;font-size:1.25rem;}@media screen and (min-width:56.5rem){.chakra .wef-1nk5u5d{font-size:1.125rem;}} Get involved .chakra .wef-9dduvl{margin-top:16px;margin-bottom:16px;line-height:1.388;font-size:1.25rem;}@media screen and (min-width:56.5rem){.chakra .wef-9dduvl{font-size:1.125rem;}} with our crowdsourced digital platform to deliver impact at scale With more extreme weather patterns worldwide, humanity must commit to a swift, decisive, and broad transition toward sustainable energy sources. 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Why it's vital to take a people-centred approach to equitable energy transitions The next step for china’s clean energy transition: industrial and commercial storage deployment. With ample storage of reserve power and a cutting-edge energy intelligence system that allows switching between energy types that would be most effective in a given situation, Germany becomes one of a few countries with enough energy to meet its needs even in the most severe climate. Ultimately, an increase in coordinated public-private investments in research and development for innovative storage solutions will ensure a smooth and stable transition toward a renewable future. By ensuring that the energy keeps coming, we can build trust and encourage wider adoption of clean energy solutions. An inclusive and sustainable energy transition To shift the energy sector inclusively, those currently driving the carbon-based economy must become architects of the electrified future; the industry itself holds the infrastructure, and its workers hold the professionalism required for a smooth energy transition. Norwegian state-owned energy company Equinor is leveraging its experience in energy management to spearhead the development of hydrogen power plants and offshore wind farms, as well as carbon capture infrastructure Europe-wide. Meanwhile, the Scottish renewable energy sector has grown by more than 50% , with projects to create wind farms across the country, creating more than 15,000 jobs to accommodate those transitioning from the waning fossil fuel sector. These two examples exemplify this approach. We can tap into the invaluable expertise of the currently carbon-intensive energy industry by re-skilling its already skilled workers. We can use their expertise to foster sustainability through a net-zero value chain without leaving them behind. It cannot be emphasized enough that governments and companies must band together to achieve this. This synergy, manifested as public-private partnerships (PPPs), ensures a sustainable transition toward net zero that benefits everyone. Bridging the price gap to ensure renewables are accessible The key can be effective PPPs that work with the energy sector to govern emissions allowances, subsidize prices, and promote accessibility of clean energy. Many initiatives on the financial front have been done. For example, according to the California Air Resources Board , the state's Cap-and-Trade programme supports renewable energy investment while incentivizing the private sector to reduce emissions through carbon tariffs. That said, more needs to be done to ensure that renewables are accessible and not “far out of reach” to the general public. PPPs are especially crucial, for they can accelerate innovations that both drive down costs and incentivize usage via research and development and economies of scale. The European Battery Alliance , for example, leverages resources from the European Investment Bank and its 400-plus partners to develop effective electric vehicle (EV) batteries. It supports the manufacturing process and raw materials sourcing while helping integrate EV charging and support technology at the local government level. This model of joint government-companies initiatives not only streamlines the production of batteries (thus increasing their availability) but also makes changes more accessible for the users. It holds an immense power to develop from these models to become the “educator” that incentivizes and educates. People should see the benefit of renewables and green products, including EVs, which can help transform consumers into “prosumers.” EV industry as an example to follow The road to the future of energy we want is paved with challenges, but they are not insurmountable. We have seen a transition that symbolizes transforming existing means and technologies into something renewable. This is the EV industry, which holds the power of energy transformation that can happen if all consumers switch to EVs. Imagine the majority of consumers switching to EVs: infrastructure, workforce and technology to support them are needed, and this can create ripple effects that prompt a more widespread change. The Fostering Effective Energy Transition 2024 report showed that after a decade of progress, the global energy transition has plateaued amid the global energy crisis and geopolitical volatilities. The World Economic Forum’s Centre for Energy and Materials is driving the transition to a “fit for 2050” energy system. It is a cross-industry platform building new coalitions and delivering insights required for a sustainable, secure and just energy future. Learn more about our impact: Clean energy in emerging economies: We are advancing country-specific renewable energy finance solutions for four of the biggest emerging and developing economies : India, Brazil, Nigeria and Indonesia. In the latter, a new solar and battery initiative is bringing 15MW of clean energy to the East Sumba region – enough to power 4,000 homes and avoid 5.5KtCO₂ yearly emissions. Energy Transition Index: We have measured the progress of 120 countries on the performance of their energy systems, enabling policymakers and businesses to identify the necessary actions for the energy transition. Mining and metals blockchain : We released a proof of concept to trace emissions across the value chain using blockchain technology, helping accelerate global action for country-specific financing solutions. Clean power and electrification: We are accelerating the adoption of clean power and electric solutions in the next decade to help increase clean energy consumption threefold by 2030. Want to know more about our centre’s impact or get involved? Contact us . The above are all the challenges which demonstrate that to make a decision that considers the energy trilemma in a way that aligns with the ecosystem, a model of PPP in which the public sector empowers the private sector’s decision-making to be swift and scalable so that changes can really be felt and lasted. The energy transition this will bring about will rebuild the global economy to be more friendly and truly work for both people and the planet. Don't miss any update on this topic Create a free account and access your personalized content collection with our latest publications and analyses. License and Republishing World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use. The views expressed in this article are those of the author alone and not the World Economic Forum. The Agenda .chakra .wef-n7bacu{margin-top:16px;margin-bottom:16px;line-height:1.388;font-weight:400;} Weekly A weekly update of the most important issues driving the global agenda .chakra .wef-1dtnjt5{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-flex-wrap:wrap;-ms-flex-wrap:wrap;flex-wrap:wrap;} More on Energy Transition .chakra .wef-17xejub{-webkit-flex:1;-ms-flex:1;flex:1;justify-self:stretch;-webkit-align-self:stretch;-ms-flex-item-align:stretch;align-self:stretch;} .chakra .wef-nr1rr4{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;white-space:normal;vertical-align:middle;text-transform:uppercase;font-size:0.75rem;border-radius:0.25rem;font-weight:700;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;line-height:1.2;-webkit-letter-spacing:1.25px;-moz-letter-spacing:1.25px;-ms-letter-spacing:1.25px;letter-spacing:1.25px;background:none;padding:0px;color:#B3B3B3;-webkit-box-decoration-break:clone;box-decoration-break:clone;-webkit-box-decoration-break:clone;}@media screen and (min-width:37.5rem){.chakra .wef-nr1rr4{font-size:0.875rem;}}@media screen and (min-width:56.5rem){.chakra .wef-nr1rr4{font-size:1rem;}} See all Accelerating an Equitable Transition: A Data-Driven Approach How Brazil and Chile are leading Latin America’s energy transition Espen Mehlum July 17, 2024 How maximizing green finance flows to developing countries could tackle global warming  July 11, 2024 Wind energy projects waiting years for electricity grid connection, and other nature and climate stories you need to read this week Michael Purton July 10, 2024 Why green steel should play a vital role in Ukraine's post-war recovery Vlad Mykhnenko and Alli Devlin July 5, 2024 How South-East Asian countries can cooperate to enhance energy interconnectivity Ratnesh Bedi, Asheesh Sastry and Toong-Yuen Chong July 3, 2024 An official website of the United States government Here’s how you know Official websites use .gov A .gov website belongs to an official government organization in the United States. Secure .gov websites use HTTPS A lock ( Lock A locked padlock ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites. https://www.nist.gov/news-events/news/2024/07/biden-harris-administration-announces-preliminary-terms-globalwafers Biden-Harris Administration Announces Preliminary Terms with GlobalWafers to Significantly Increase Production of Silicon Wafers in U.S. Proposed chips investment would establish the first domestic source of 300mm silicon wafers for advanced chips and expand production of silicon-on-insulator wafers, strengthening the domestic supply chain for key semiconductor components. Media Contact: Madeline Broas, madeline.broas [at] chips.gov ( madeline[dot]broas[at]chips[dot]gov ) . Today, as part of the Investing in America tour, the Biden-Harris Administration announced that the U.S. Department of Commerce and GlobalWafers America, LLC and MEMC LLC (“MEMC”), subsidiaries of GlobalWafers Co., Ltd. (“GlobalWafers”), have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $400 million in proposed direct funding under the CHIPS and Science Act to help onshore critical semiconductor wafer production and advance U.S. technology leadership. President Biden signed the bipartisan CHIPS and Science Act, a key component of his Investing in America agenda, to usher in a new era of semiconductor manufacturing in the United States, bringing with it a revitalized domestic supply chain, good-paying jobs, and investments in the industries of the future. The proposed CHIPS investment would support the construction of new wafer manufacturing facilities and the creation of 1,700 construction jobs and 880 manufacturing jobs. This proposed investment will support projects with total capital expenditures of approximately $4 billion across both states. “President Biden is restoring our leadership in the entire semiconductor supply chain – from materials to manufacturing, to R&D. With this proposed investment, GlobalWafers will play a crucial role in bolstering America’s semiconductor supply chain by providing a domestic source of silicon wafers that are the backbone of advanced chips,” said U.S. Secretary of Commerce Gina Raimondo . “As a result of this proposed investment, the Biden-Harris Administration is helping to secure our supply chains, which will create over 2,000 jobs across Texas and Missouri and ultimately lowering costs and improving economic and national security for Americans.” “President Biden is taking historic action to bring semiconductor manufacturing back in the United States,” said Arati Prabhakar, Assistant to the President for Science and Technology and Director of the White House Office of Science and Technology Policy . “The semiconductor wafers that will come from today’s announcement will be the foundation for the complex chips we need to compete in the global economy. We’re bolstering our national security, advancing our clean energy transition, and creating good jobs that support families in Texas and Missouri.” Silicon wafers are critical components in the semiconductor ecosystem as they are a foundational input used in all chips. There are five leading companies, including GlobalWafers, that currently hold over 80% of the global 300mm silicon wafer manufacturing market and approximately 90% of silicon wafers are sourced from East Asia today. As a result of this proposed CHIPS investment, GlobalWafers would build and expand facilities in: Sherman, Texas: Establish the first 300mm silicon wafer manufacturing facility for advanced chips in the United States. Of note, 300mm silicon wafers are a key input used by foundries and integrated device manufacturers to manufacture leading-edge, mature-node, and memory chips. St. Peters, Missouri: Establish a new facility to produce 300mm silicon-on-insulator (“SOI”) wafers. Importantly, SOI wafers allow for significantly improved performance in harsh environments and are commonly used in defense and aerospace end uses. Further, as part of the PMT, GlobalWafers plans to convert a portion of its existing silicon epitaxy wafer manufacturing facility in Sherman, Texas to silicon carbide (“SiC”) epitaxy wafer manufacturing, producing 150mm and 200mm SiC epitaxy wafers. SiC epitaxy wafers are a critical component for high-voltage applications, notably including electric vehicles and clean energy infrastructure. Supporting the development of a local semiconductor workforce in Texas, GlobalWafers is a member of the Southern Methodist University-led Texoma Tech Hub and is involved in the North Texas Semiconductor Workforce Development Consortium led by the University of Texas Dallas. GlobalWafers is also part of an innovative partnership with Sherman High School, Denison High School, and Grayson College to establish an electronics lab at the schools that provide targeted training towards technician certifications required for new hires in the semiconductor industry. In St. Peters, MEMC is likewise developing an apprenticeship program for Maintenance Technicians with the National Institute for Industry and Career Advancement (NIICA) and local high schools. Further, MEMC is collaborating with St. Charles Community College on a program named MegaTech, which supports dual-enrolled high school students as they step into careers involving advanced manufacturing and automation. As explained in its first Notice of Funding Opportunity , the Department may offer applicants a PMT on a non-binding basis after satisfactory completion of the merit review of a full application. The PMT outlines key terms for a potential CHIPS incentives award, including the amount and form of the award. The award amounts are subject to due diligence and negotiation of award documents and are conditional on the achievement of certain milestones. After the PMT is signed, the Department begins a comprehensive due diligence process on the proposed projects and continues negotiating or refining certain terms with the applicant. The terms contained in any final award documents may differ from the terms of the PMT being announced today. About CHIPS for America CHIPS for America has announced up to $30.1 billion in proposed funding across thirteen preliminary memoranda of terms to revitalize America’s semiconductor industry. These proposed CHIPS for America investments are already delivering significant results, including unlocking more than $300 billion in public and private investment between now and the end of the decade – far and away the most investment in new production in the history of the U.S. semiconductor industry. Earlier this year, Secretary Raimondo announced that we anticipate that America will produce 20% of the world’s leading-edge chips by the end of the decade, meaning our innovation capacity will no longer be as vulnerable to supply chain disruptions as it is today. The Semiconductor Industry Association released a report saying that America is on track to triple its domestic semiconductor manufacturing capacity from 2022 – when the CHIPS and Science Act was enacted – to 2032. With these announcements, America now has four of the world’s five leading-edge companies making significant efforts to expand on our shores. No other economy in the world has more than two of these companies producing leading-edge chips on its shores. The Department has received more than 670 statements of interest, more than 230 pre-applications and full applications for NOFO 1, and more than 160 small supplier concept plans for NOFO 2. The Department is continuing to conduct rigorous evaluation of applications to determine which projects will advance U.S. national and economic security, attract more private capital, and deliver other economic benefits to the country. The announcement with GlobalWafers is the thirteenth PMT announcement the Department of Commerce has made under the CHIPS and Science Act, with additional PMT announcements expected to follow throughout 2024. CHIPS for America is part of President Biden’s economic plan to invest in America, stimulate private sector investment, create good-paying jobs, make more in the United States, and revitalize communities left behind. CHIPS for America includes the CHIPS Program Office, responsible for manufacturing incentives, and the CHIPS Research and Development Office, responsible for R&D programs, that both sit within the National Institute of Standards and Technology (NIST) at the Department of Commerce. NIST promotes U.S. innovation and industrial competitiveness by advancing measurement science, standards, and technology in ways that enhance economic security and improve our quality of life. NIST is uniquely positioned to successfully administer the CHIPS for America program because of the bureau’s strong relationships with U.S. industries, its deep understanding of the semiconductor ecosystem, and its reputation as fair and trusted. Visit https://www.chips.gov to learn more. Clarence Thomas accepted a free yacht trip to Russia and got flown out on a complimentary helicopter ride to Putin's hometown, 2 Democratic senators say Democratic senators have accused Justice Clarence Thomas of accepting undisclosed gifts and trips. They say he accepted gifts such as a yacht trip to Russia and a chopper ride to Vladimir Putin's hometown. The senators want an investigation into potential tax fraud and ties between Thomas and Harlan Crow. Two Democratic senators have accused Justice Clarence Thomas of accepting a free trip to Russian President Vladimir Putin's hometown. Sen. Sheldon Whitehouse of Rhode Island and Sen. Ron Wyden of Oregon filed a letter to US Attorney General Merrick Garland on July 3, asking to open an investigation into the Supreme Court judge. The letter said there was a "serious possibility of tax fraud" and accused Thomas of having "secretly accepted gifts and income potentially worth millions of dollars." The letter's appendix , which lists 35 undisclosed gifts, shows a "yacht trip to Russia and the Baltics" and a "helicopter ride to Yusupov Palace, St. Petersburg," both listed under the year 2003. St. Petersburg, Russia, is Putin's birthplace and where he grew up. The president now resides in Moscow. The appendix list is titled "Likely Undisclosed Gifts and Income from Harlan Crow and Affiliated Companies." Harlan Crow is a real-estate developer and the former chairman and CEO of the Trammell Crow Company. The senators cited a ProPublica report from May last year detailing Thomas' hushed-up financial ties to Crow. The report said that apart from the Russia trip, Crow also funded Thomas' grandnephew Mark Martin 's boarding-school fees, which cost "more than $6,000 a month." In their letter, the senators wrote that other gifts from Crow included "multiple instances of free private jet travel, yacht travel, and lodging," as well as "gifts of tuition for Justice Thomas's grandnephew," "real estate transactions," "home renovations," and "free rent for Justice Thomas's mother." In September, Thomas said he'd accepted three trips on a private plane owned by Crow . He didn't mention any other gifts. Related stories Whitehouse and Wyden aren't the only Democrats who've voiced concerns over Thomas' sketchy financial ties. Rep. Alexandria Ocasio Cortez of New York filed articles of impeachment against Thomas and Justice Samuel Alito on Wednesday. "Justice Thomas and Alito's repeated failure over decades to disclose that they received millions of dollars in gifts from individuals with business before the court is explicitly against the law," her statement reads. Representatives for Thomas, Whitehouse, Wyden and Crow didn't immediately respond to requests for comment from Business Insider sent outside regular business hours. Watch: Why Clarence Thomas' lavish vacations with a GOP donor are in the spotlight Main content An official website of the United States government Here’s how you know Official websites use .gov A .gov website belongs to an official government organization in the United States. Secure .gov websites use HTTPS A lock ( Lock A locked padlock ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites. U.S. Department of the Treasury Readout: secretary of the treasury janet l. yellen and secretary of energy jennifer granholm’s meeting with private sector leaders on the clean energy transition. WASHINGTON – Yesterday, Secretary of the Treasury Janet L. Yellen and Secretary of Energy Jennifer Granholm hosted a working dinner with CEOs of leading companies in the clean energy economy. During the meeting, Secretary Yellen, Secretary Granholm, and CEOs discussed the impact of President Biden’s Inflation Reduction Act, the most significant climate law in history, which is fueling private sector investments in American clean energy and creating new, good-paying jobs in communities across the nation. CEOs shared ideas on ways the private and public sectors can work together to accelerate investments in America’s clean energy economy, and Secretaries Yellen and Granholm both underscored the Biden-Harris Administration’s commitment to continue collaborating with the private sector to implement the Inflation Reduction Act. Secretaries Yellen and Granholm also highlighted the Administration’s recent work to support the private sector in the clean energy transition, including Treasury’s Principles for Net-Zero Financing and Investment, which was released last year to provide guidance to financial institutions pursuing net-zero commitments, as well as the Administration’s Principles for Responsible Participation in Voluntary Carbon Markets.  199 IMAGES ENERGY Yacht • Valeriy Khoroshkovskyi $180M Superyacht ENERGY Yacht • Valeriy Khoroshkovskyi $180M Superyacht Yacht ENERGY • Amels • 2022 • Location (Live) ENERGY Yacht • Valeriy Khoroshkovskyi $180M Superyacht This luxury yacht runs on 100% renewable energy SolarImpact, uno de los yates impulsado por energía solar más COMMENTS ENERGY Yacht • Valeriy Khoroshkovskyi $180M Superyacht Owning a luxurious yacht such as the ENERGY comes with its price. Her current estimated value is a staggering $180 million. Additionally, the annual running costs hover around $18 million. However, the price of a yacht like ENERGY can fluctuate based on a myriad of factors, including size, age, level of luxury, as well as the materials and ... VALERIY KHOROSHKOVSKYI: An In-depth Profile of A ... He is the owner of the Amels yacht ENERGY. The ENERGY yacht was built in 2022 by Dutch shipbuilder Amels and designed by Espen Øino International. Powered by MTU engines, the yacht has a maximum speed of 18 knots and a cruising speed of 12 knots, with a range of more than 3,000 nautical miles. Offering a luxurious interior, ENERGY can ... ENERGY Superyacht 2022, Amels, The Netherlands. Length. 77.8m (255.2ft) Guests. 14 guests in 7 cabins. Full specification. Some yachts are destined to break the mould, to find a new path to greatness. The 77.8m (255.2ft) full-custom yacht ENERGY, delivered by Amels in 2022, is one such yacht. ENERGY has a steel hull and aluminium superstructure constructed to ... Yacht ENERGY, Amels ENERGY Specifications. Luxury yacht ENERGY has been designed with tri-deck design and has a steel hull and aluminium superstructure. She boasts a 14m (46') beam and a 3.8m (12'5") draft plus a volume of 2,886 GT. Her engines deliver a top speed of 17 knots and a 5,000 nautical mile range at 13.5 knots. Interior design is from Zuretti ... Brokerage boat of the month: Amels' 78m superyacht Energy Looking at BOATPro data with comparable yachts for sale, the nearest to the 78-metre (2885GT) Energy - built by Amels in 2022 and for sale with Burgess POA - is the 78-metre (2108GT) Amaryllis built by Abeking & Rasmussen in 2011. Amaryllis is for sale, asking €89,000,000 with Burgess, Merle Wood & Associates and Moravia Yachting, Moravia ... 78m Amels superyacht Energy for sale for first time The 77.8-metre Amels superyacht Energy is listed for sale for the first time with Peter Brown of Burgess.. Designed by Espen Øino and François Zuretti - who first worked together on the design of the 74.5-metre Eco, now Zeus, with Martin Francis in the 1980s - the steel and aluminium yacht was delivered by Amels in 2022.Naval architecture is by Damen/Amels. Energy Yacht Energy is a motor yacht with an overall length of m. The yacht's builder is Amels from The Netherlands, who launched Energy in 2022. The superyacht has a beam of m, a draught of m and a volume of . GT.. Energy features exterior design by Espen Øino International and interior design by Zuretti Interior Design. Up to 14 guests can be accommodated on board the superyacht, Energy, and she also ... Delivered: Amels Custom 78 begins global voyage The yacht was sold at the Monaco Yacht Show 2017. Now named Energy, the yacht marks a strong collaboration between the yard and the owner's team and is the first custom build to see delivery since Amels introduced its popular Limited Editions concept.. The delivery comes after the yacht undertook sea trials in September 2021. "Heading out into dramatic weather today, the Custom Amels 78 blew ... Amels The art of yacht building. ENERGY is an Amels Full Custom yacht, a one-off built to the Owner's unique requirements. Learn about our custom-building heritage and our Full Custom builds today. Delivered in July 2022, ENERGY features a stunning exterior design by Espen Øino whose team was also appointed to develop the General Arrangement. Yacht ENERGY • Amels • 2022 • Location (Live) Private Jets; Search; ... Yacht ENERGY Location (Live) Gibraltar Yachting. Yacht Owner Photos Location For Sale & Charter News. Name: ENERGY: Length: 78m (255ft) Builder: Amels : Year: 2022: Price: $180 million: Owner: Valeriy Khoroshkovskyi: Follow the location of the ENERGY Yacht live! SuperYachtFan. ENERGY Yacht The 77.8m/255'3" motor yacht 'Energy' was built by Amels in the Netherlands. Her interior is styled by French designer design house Zuretti and she was delivered to her owner in June 2022. ... Motor yacht Energy is currently not believed to be available for private Charter. To view similar yachts for charter, or contact your Yacht Charter ... The World's First Hydrogen-Powered Superyacht Has a $644 Million Price Designed by the Dutch firm Sinot Yacht & Architecture Design, Aqua is a nearly 400-foot-long vessel that's run entirely by a renewable energy source. "Water is the eternal fuel of life, the life ... DRIFT Energy feeds an on-board megawatt class electrolyser to produce and store gigawatts of green hydrogen. Distribution Artificial Intelligence routing algorithms keep the yachts in optimum weather conditions ready to deliver to port. Superyachts aim to go green A 90-metre yacht can be touted as energy efficient or environmentally friendly but, as critics of 'eco-chic' point out, it is still a huge waste of resources, a frivolous luxury in a warming ... Private planes, mansions and superyachts: What gives billionaires like We then used a wide range of sources, such as the U.S. Energy Information Administration and Carbon Footprint, to estimate the annual CO2 emissions of each house, aircraft, vehicle and yacht. The future of yachting: Smart technology for your next yacht Managing director Nigel Stuart has instigated a network of green initiatives at the Ipswich yard and in its yachts. The Spirit 111 includes energy-saving appliances throughout, including ultra ... The hidden costs of owning a superyacht Julia Skoptsova, founder of brokerage firm Smart Yachts, estimates that the cost of insuring a 50-meter (164 foot) yacht is around €60,000 ($73,000), while fuel costs could run up to €232,000 ... Motor yacht Energy About Energy. Energy is a 77.8 m / 255′3″ luxury motor yacht. She was built by Amels in 2022. With a beam of 14 m and a draft of 3.8 m, she has a steel hull and aluminium superstructure. This adds up to a gross tonnage of 2885 tons. She is powered by MTU engines of 3050 hp each giving her a maximum speed of 17 knots and a cruising speed of ... ENERGY yacht (Amels, 77.8m, 2022) 2022. BEAM. 14 m. GUESTS. 14. ENERGY is a 77.8 m Motor Yacht, built in Netherlands by Amels and delivered in 2022. Her top speed is 17.0 kn and she boasts a maximum range of 5000.0 nm when navigating at cruising speed, with power coming from two MTU diesel engines. She can accommodate up to 14 guests in 7 staterooms, with 27 crew members. The nuclear megayacht designed to save the world Superyachts are often seen as opulent fuel-thirsty displays of wealth, but entrepreneur Aaron Olivera's design for Earth 300 envisages a megayacht that he says offer solutions to the climate crisis. Crewed Yacht Charter The Fraser Book of Luxury Yachting 2023/2024 showcases some of the most beautiful crewed superyachts available to charter around the world as well as sample sailing itineraries and information on the spectacular cruising destinations on offer.Browse the magnificent pages, read about the beautiful locations and select the perfect charter yacht for your dream holiday. SUPERYACHTFAN • Yacht Owners Directory • SuperYachts • Private Jets Russian Billionaire Sues French Customs. Feadship Project 1010 - Owner: Unknown billionaire. Now LAUNCHPAD and owned by Mark Zuckerberg. Amels yacht Come Together - Owner: Alexander Dzhaparidze sold to Polish billionaire Zygmunt Solorz-Zak. Amels yacht ENERGY - Owner: Valery Khoroshkovsky. FELIX - owned by Charles Graham Berwind III. Private Yacht Charters in NYC: Stylish, Sophisticated & All Yours Yacht Charters. starting at $600. Elevate sightseeing and entertaining with a private yacht charter in NYC complete with luxury amenities including an elegant deck lounge and cabin lounge, open floor plan, spacious seating, champagne & catering service, and professional captain & crew. Book Now. Learn More. Why the energy transition needs public-private collaboration Clean energy in emerging economies: We are advancing country-specific renewable energy finance solutions for four of the biggest emerging and developing economies: India, Brazil, Nigeria and Indonesia.In the latter, a new solar and battery initiative is bringing 15MW of clean energy to the East Sumba region - enough to power 4,000 homes and avoid 5.5KtCO₂ yearly emissions. Biden-Harris Administration Announces Preliminary Terms with We're bolstering our national security, advancing our clean energy transition, and creating good jobs that support families in Texas and Missouri." ... including unlocking more than $300 billion in public and private investment between now and the end of the decade - far and away the most investment in new production in the history of the ... Clarence Thomas accepted a free yacht trip to Russia and got flown out In their letter, the senators wrote that other gifts from Crow included "multiple instances of free private jet travel, yacht travel, and lodging," as well as "gifts of tuition for Justice Thomas ... READOUT: Secretary of the Treasury Janet L. Yellen and Secretary of WASHINGTON - Yesterday, Secretary of the Treasury Janet L. Yellen and Secretary of Energy Jennifer Granholm hosted a working dinner with CEOs of leading companies in the clean energy economy. During the meeting, Secretary Yellen, Secretary Granholm, and CEOs discussed the impact of President Biden's Inflation Reduction Act, the most significant climate law in history, which is fueling ... catamaran gulet motorboat powerboat riverboat sailboat trimaran