Arc's Historic $160 Million Contract for Electric Tugboats
Arc Secures Major Deal for Hybrid-Electric Tugboats
A contract to modernize the marine industry
Arc, an innovative electric boat company based in Los Angeles, has announced a groundbreaking $160 million contract with Curtin Maritime. This remarkable agreement will see the company building hybrid-electric tugboats, marking a significant milestone in the electrification of commercial workboats and the modernization of ports across the U.S.
Revolutionizing the Tugboat Industry
The project, designed in collaboration with Snow & Co shipyard, will make history as the largest commercial deployment of electric workboats in the marine sector. With the first four tugboats set for delivery by the end of 2027, this advancement promises to change the operational standards for marine assistance.
Powering Advanced Electric Tugboats
Each of the tugboats will feature Arc's vertically integrated electric powertrains, delivering an impressive over 4,000 horsepower. Equipped with a robust 6 megawatt-hour battery buffer, these vessels will be specifically engineered with Curtin Maritime’s extensive industry experience in mind. This combination ensures optimal performance, even in the most challenging port environments.
Innovative Technology Meets Operational Expertise
This strategic partnership between Arc and Curtin is set to redefine capability, efficiency, and reliability in U.S. ports. By integrating Arc’s cutting-edge electric propulsion technology with Curtin’s operational expertise, the new fleet will bring forth a modern approach to maritime logistics.
Investment in Sustainable Solutions
This innovative project is fully funded through private investment, which reflects a strong business case for adopting hybrid-electric vessels. These state-of-the-art powertrains not only lower operating costs but also minimize heavy maintenance burdens and significantly enhance vessel reliability. Their vertical integration directly positions them to be competitive against traditional diesel-powered vessels.
A Vision for the Future of Marine Operations
Mitch Lee, CEO of Arc, emphasized the critical role tugboats play in national supply chains and defense logistics. He stated, "Tugboats are the workhorses of our ports. They are essential to maintaining operations yet are predominantly powered by outdated diesel engines that are inefficient and harmful. Our aim is to revolutionize the commercial industry around modern, reliable hybrid-electric powertrains, and this contract represents a pivotal step in that direction. We stand at a crucial inflection point for the marine industry.”
Building on Success
Arc’s new contract comes on the heels of its prior successes in the recreational boating market, with products like the Arc One, Arc Sport, and Arc Coast. This contract further solidifies the company's long-term mission: to electrify everything maritime, from ports and harbors to offshore operations.
Commitment to Innovation
Martin Curtin, CEO of Curtin Maritime, shared his company’s commitment to progress. He remarked, "At Curtin, we believe in taking initiative to construct the future ourselves. We focus on innovations that fuel real efficiency and cost savings, ensuring these tugs provide the power and reliability needed for a smarter, low-maintenance fleet. Partnering with Arc equips us with the technology required to challenge the status quo and deliver outstanding results."
About the Companies
Arc is dedicated to building the future of boating with high-performance, fully electric vessels that promise power, precision, and zero emissions. Founded by former aerospace and automotive engineers in Los Angeles, Arc has quickly been recognized for its mission to electrify the marine industry, supported by top-tier investors and pioneering technology.
Curtin Maritime, a U.S.-based marine solutions provider, is distinguished by a culture of speed, innovation, and operational excellence. It is committed to redefining marine operations and pushing industry norms, continually looking for ways to improve and modernize its approach.
In summary, the landmark collaboration between Arc and Curtin Maritime represents a bold step towards sustainable and efficient marine operations. As these companies pave the way for electric tugboats, the marine industry stands poised for a future characterized by innovative technology and reduced environmental impact.
Frequently Asked Questions
What is the significance of the $160 million contract?
The contract signifies a major advancement in the electrification of marine workboats and showcases a collaboration aimed at modernizing the maritime industry.
When are the first four tugboats expected to be delivered?
The first four hybrid-electric tugboats are scheduled for delivery by the end of 2027.
How does the partnership between Arc and Curtin Maritime benefit the tugboat industry?
The partnership combines advanced electric propulsion technology with proven operational expertise, enhancing capability, efficiency, and reliability in port operations.
What are the advantages of hybrid-electric vessels?
Hybrid-electric vessels offer lower operating costs, reduced maintenance burdens, and increased reliability, making them competitive with traditional diesel-powered boats.
What is Arc's mission in the marine industry?
Arc aims to electrify the marine industry entirely, providing high-performance, fully electric boats that minimize environmental impact while maximizing efficiency and power.
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