Sanlorenzo's route to Zero Carbon and other green stories

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SILK ISSUE • n° 34 • 2023

SANLORENZO’S ROUTE TO ZERO CARBON

Sanlorenzo S.p.A. recently presented its 2023-2025 Business Plan to the financial community and the press. The extraordinary results realized in the previous three years delivered a compound annual growth rate of 17.6%, a doubling of EBITDA, a near-tripling of net profit, and over €100 million in cash generation, despite dividend distribution of around €31 million. “At the time of listing, we promised measured growth. We intend to keep the same promise pace for the next three years, while always delivering better-than-expected results to our shareholders,” commented the company’s Chairman and Chief Executive Officer Massimo Perotti. “To support the Plan, we identified the pillars, summarised in our Road to

2030, that will see us pioneer carbon neutrality. This is thanks in no small part to agreements with the world’s leading energy and E-fuels players capable of revolutionising yachting’s global economic development, which in coming years will be increasingly affected by targets to limit social and environmental impacts, in line with the goals of the UN 2030 Agenda and the EU Green Deal. Although shipping accounts for just 1.7% of total GHG emissions, of which only a marginal 0.22% can be attributed to yachting, sustainability is therefore no longer an option”. In July 2023, for example, the Maritime Environmental Protection Committee (MEPC) is expected to decide to bring forward 100% decarbonisation of shipping to 2050. “The route mapped out in the Road to 2030

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Above, Massimo Perotti, Chairman and Chief Executive Officer of Sanlorenzo, and two images of the SD90 interiors. Below, the BGH tender selected by the New York Yacht Club as its chase boat for the America’s Cup. Below, left, the “Impossible Machine” installation by Piero Lissoni Impossibile by Piero Lissoni
The Road To 2030 is the Amelia yard’s game plan to keep productivity high whilst respecting the environment. The strategy includes a focus on leading-edge partnerships and sustainable materials

strategy will see Sanlorenzo launch the first 50Steel equipped with methanol fuel cells to power all on-board services, in 2024, followed in 2028 by the launch of the first 50Steel powered solely by methanol, the ultimate goal for Sanlorenzo and a true response to the nautical sector’s demand for carbon-neutral on-board power generation. Indeed, power generation for maximum speed sailing will no longer be tied to fossil fuel-powered diesel engines, but will be based on a combination of fuel cells and internal combustion engines powered by green methanol. In parallel, two revolutionary hydrogen-focused Bluegame projects are advancing: the BGH tender, launching in June 2023, was selected by the New York Yacht Club as the chase boat for American Magic during the 37th America’s Cup in 2024, and the subsequent BGM65HH (hydrogenhybrid). The use of recyclable materials, such as aboard the SD90, also counts in this battle with the Patricia Urquiola-designed interior placing a strong emphasis on transformability. Last but not least, Piero Lissoni’s “The Impossible Machine” installation for Milan Design Week celebrates Sanlorenzo’s relentless pursuit of technologically innovative solutions to reduce the environmental impact of yachting.

HYBRID’S NEW FRONTIER

Withits hybrid electric pilot project currently proving a success in commercial marine applications, Volvo Penta has announced its first trial in the leisure segment. This exciting development will see a fully-integrated Volvo Penta hybrid electric system feature on a Groupe Bénéteau concept boat. The concept boat’s helm to prop technology is based on a successful hybrid electric vessel pilot project for Hurtigruten Svalbard, which has been running near-silent tour experiences ever since 2022. The hybrid electric demo will serve as a platform for testing and learning with early adopters. Silence is a key and enormously appealing benefit of hybrid electric boating and the sustainable experience is set to change the very nature of boating itself. That said, this initiative will seek to discover how clients expect to spend their time on the water and what performance needs they have around automation, connectivity, etc. Ahead of a much broader launch of sustainable vessels, Volvo Penta and Groupe Bénéteau will use the input from this process to support product development, running as an additional workstream in the process. “One of our core philosophies at Volvo Penta is ‘learning by doing’ and presenting this concept to customers at this early stage will help us in our efforts to transform Boating for Everyone,” says Johan Inden, President of the Marine Business at

Volvo Penta. “By running customer trials alongside product development, we can accelerate transformation and ensure our finished products are market-ready. Groupe Bénéteau is a great partner for this project because the company’s vision is so forward-looking and it’s a globally recognized brand.” A Jeanneau NC 37 model will be used for the demo. It will be equipped with a Volvo Penta twin D4-320 DPI Aquamatic hybrid-electric concept and leading-edge technology including Volvo Penta’s full joystick docking system and the Dynamic Positioning System, adapted to work in electric mode. The demo boat will also feature additional manoeuvrability, a hydraulic clutch for silent shifting at low engine speeds, and superior control thanks to precision joystick functionality.

A Jeanneau NC 37 model will be used for the demo and sport a Volvo Penta twin D4-320 DPI Aquamatic hybrid-electric concept, Volvo Penta’s full joystick docking system and the Dynamic Positioning System. The result? Superior manoeuvrability, silent shifting at low engine speeds, and superb control thanks to precision joystick functionality

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Since 2018, the YCM Explorer Awards

La Belle Classe Superyachts have been recognising and rewarding the industry’s most forward-thinking owners and most ecoresponsible yachts. At this year’s ceremony, the electric Sunreef 80 Eco Marie-Joseph was declared the winner in the best yacht in the Technology & Innovation category.

The four awards were presented to men and

Tennis

legend and avid sailor Rafael Nadal is getting involved in the first world championship for electric boats. The Majorca native is passionate about the ocean and so is backing the E1 team as a platform to accelerate the transition to clean mobility and restore marine ecosystems. The 22-time Grand Slam champion will support E1’s Blue Action Programme, which is designed to protect and restore marine ecosystems at scale in the cities involved in the championship while also

SUNREEF 80 ECO TAKES A BOW!

women who, as true explorers of tomorrow, perpetuate the ‘Art de Vivre la Mer’ philosophy. A delighted Sunreef Yachts Founder and President Francis Lapp accepted the award won by the Sunreef 80 Eco.

The Sunreef 80 Eco Marie-Joseph proved the most surprising candidate this year, thanks to her sheer number of eco-focused innovations, including solar panels with a ‘solar skin’

benefiting local communities. “I’m really excited to be getting involved with a project like E1 that values sustainability and will make a positive impact on society as a whole, especially in coastal communities,” declared Nadal. “E1 has a clear mission and is committed to preserving marine ecosystems. As a professional athlete, I recognise how making marginal gains has a positive impact on performance. To see this same competitive spirit and approach being applied at E1 to optimise the performance and efficiency of sustainable marine mobility is good news for our oceans”. Professor Carlos Duarte, a fellow Majorcan islander and Chief Scientist at E1, is a world-leading marine ecologist and will play an instrumental role in developing E1’s overall sustainability strategy, supporting the Rafa Nadal Academy’s sustainability initiatives and shoring up its commitment with sustainable sport. Alejandro Agag, Co-Founder & Chairman of E1, said: “E1’s mission is to accelerate clean mobility and restore marine ecosystems, which I know Nadal and his team feel strongly about”.

system, a hydro generation system and highperformance batteries.

Sunreef Yachts has long been heavily committed to developing sustainable yachting solutions and exploration with the result that it now has a full range of electric yachts and luxury explorer catamarans. Its team is always delighted to provide further information about the Sunreef Yachts electric yachts and explorer catamarans.

To side; HSH Prince Albert II with Francis Lapp Sunreef Yachts

Founder and President Francis Lapp accepted the award won by the Sunreef 80 Eco (left)

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22-time Grand Slam champion Rafael Nadal is supporting E1’s Blue Action Programme (designed to protect and restore marine ecosystems). Seen here with Alejandro Agag, Co-Founder & Chairman of E1

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