SWITCH Maritime is a leading brand in the maritime industry that focuses on electrification to tackle the challenges of carbon-intensive fleets. Through their expertise in managing the risks and complexities associated with zero-carbon vessel projects, SWITCH builds and leases zero-carbon vessels to ship operators, providing them with the opportunity to replace their carbon-intensive fleets. Each vessel built by SWITCH is held in a special purpose vehicle (SPV), ensuring direct ownership or profits interest.

Lease revenues generated from each vessel SPV are utilized to cover vessel expenses and debt service, with the remaining income being distributed to equity ownership. To successfully execute their projects, SWITCH navigates the complexities of project development management and oversees the integration of multiple technology contributors. They also offer financing solutions with capital structures that allow for mainstream capital, making their projects accessible and affordable.

Moreover, SWITCH actively manages the regulatory aspects by handling the U. S. Coast Guard permitting process for novel vessel designs and alternative low-carbon fuels.

They engage with local authorities and community groups to ensure proper permits and project support. In addition, SWITCH recognizes the need for clean fueling and charging infrastructure to complement their zero-carbon vessels. To address this, they have the expertise to manage large-scale terminal infrastructure projects for alternative fuels.

SWITCH Maritime is committed to driving the transition towards a sustainable and decarbonized maritime industry by providing innovative solutions and expertise in zero-carbon vessel projects