Honorable Mention: Torqeedo

When electric propulsion manufacturer Torqeedo was founded in Munich in 2005, there wasn’t much talk about “electromobility” in the recreational boating industry. Torqeedo forged ahead, launching a succession of boat motors and partnering with battery suppliers as it became the name brand in electric propulsion. The company now offers inboards, outboards and hybrid drive systems from 1 to 80 hp, as it continues to expand its product range.

The judges were impressed with Torqeedo’s constant push into new markets and exploration of fresh technologies. It recently supplied an electric integrated propulsion system with two 50-kW Deep Blue electric inboards for Spain’s first 100-percent solar-powered passenger ferry, a 60-footer that carries 120 people. The project received a European Commercial Marine Award in maritime sustainability.

Recognizing that breakthroughs in electric power are dependent on battery technology, Torqeedo’s recent innovations include the Power 48-5000. With its long service life, the 48-volt lithium battery provides a cost-effective power supply for electric boating, while serving as a lightweight, emissions-free on-board generator replacement for house loads on boats with conventional engines. The Power 48-5000 has 70 percent better energy density and 50 percent higher cycle life than typical marine lithium batteries.

Deutz AG acquired Torqeedo last year. The German builder of internal combustion engines recognized the potential for Torqeedo’s technology in other fields, including a forklift that Deutz developed as part of is E-Deutz strategy. The acquisition means Torqeedo will benefit from the resources and synergies within Deutz, so its innovations will make it to market faster.

This article originally appeared in the November 2018 issue.