United Kingdom – Echandia, a Swedish company, established a business development hub in Aberdeen to serve the UK market.
With increased demand for maritime battery systems, the UK market for maritime electrification is expanding. Echandia establishes a local presence to meet this demand.
Former Caterpillar executive Richard Davidson, a senior maritime and industrial professional, will lead the UK hub. Mr. Davidson has extensive experience in maritime and heavy-duty technical roles with companies such as Berg Propulsion, Caterpillar, and Global Marine Service Group. He will join Echandia as Business Development Manager for the UK market.
The global market for maritime electrification is entering a period of rapid expansion. According to a recent DNV report, batteries will increase from 0.3% of current ships in operation to 3.85% of ships in the orderbook by 2021. This is driven by political ambitions to reduce shipping emissions to zero by 2050, as well as the goal of zero-emission vessels entering commercial service by 2025.
