Tidal Transit secured equity financing from HICO Investment Group to expand its fleet with six new electric crew transfer vessels (E-CTVs).
As announced this expansion is a response to growing demand for zero-emission CTV solutions from offshore wind operations. The six newbuilds are to be delivered from 2026. A diesel-to-electric retrofit project (e-Ginny) is also underway, funded by Innovate UK and the UK Department of Transport.
The offshore wind industry has reached a transition moment where the green electricity produced can be efficiently used to propel the vessels that service it. The continued burning of fossil fuels contradicts the very purpose of harnessing renewable wind power.
…said Leo Hambro, Director, Tidal Transit.
