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ENERGY

Boats of the future set sail on Lake Geneva

An international competition to find the best, most energy-efficient boats of the future has launched on Lake Geneva.

Boats of the future set sail on Lake Geneva
Photo: Hydrocontest

Hydros, the event organiser, wants to demonstrate that it is possible for maritime transport to reduce energy consumption by improving energy efficiency in the boats of tomorrow.

The challenge it laid down was accepted by 16 international engineering schools who have designed and constructed boat prototypes.

The public are being invited to come and see the innovative, high-performance and more efficient boats as they race against each other.

The Hydrocontest, now in its second year, opened at the competition village at Pyramides de Vidy, Lausanne, on July 14th.

The contest concludes with an award ceremony for the best vessels on July 19th.

The teams from major engineering schools from all corners of the globe arrived in Switzerland last weekend, Hydros said in a media release.

In their luggage they carried small-scale boat prototypes they had spent months designing and constructing themselves.

The aim was to come up with designs for boats that can transport greater volumes, for longer periods, while consuming as little energy as possible.

The prototypes are being pitted against each other in ‘light transport’ and ‘mass transport’ classes to determine which is the most efficient under real conditions.

Time trials, which began on Wednesday, will determine which eight teams go through to subsequent rounds, leading up to the final on Sunday.

Photo: Hydrocontest

Visitors are able to follow the races from the shore in the Hydrocontest village, purpose built for the occasion on the Pyramides de Vidy site.

When no races are in progress, visitors will also have the opportunity to access the paddocks where the boats are made ready and to steer remote-controlled model hydrofoils in a dedicated pond.

Additionally, they can tour an exhibition on the history of foils, the underwater wings that allow these boats to 'fly'.

A 'Tech Talk' in which the teams present their projects takes place at the end of each day.

The final event – a long-distance race – and the prize-giving ceremony will take place on Sunday.  

The event is “above all a globally unique platform for sharing expertise in the field of energy efficiency”, according to Hydros.

The Hydrocontest aims to address the “significant economic and environmental challenges facing the nautical and maritime industry”, it said.

This aim underlies the mission of the Hydros Foundation, which promotes the importance of technology and innovation in order to make more intelligent use of energy.

For more information, visit the Hydrocontest website.

 

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BUSINESS

France’s EDF hails €10billion profit, despite huge UK nuclear charge

French energy giant EDF has unveiled net profit of €10billion and cut its massive debt by increasing nuclear production after problems forced some plants offline.

France's EDF hails €10billion profit, despite huge UK nuclear charge

EDF hailed an “exceptional” year after its loss of €17.9billion in 2022.

Sales slipped 2.6 percent to €139.7billion , but the group managed to slice debt by €10billion euros to €54.4billion.

EDF said however that it had booked a €12.9 billion depreciation linked to difficulties at its Hinkley Point nuclear plant in Britain.

The charge includes €11.2 billion for Hinkley Point assets and €1.7billion at its British subsidiary, EDF Energy, the group explained.

EDF announced last month a fresh delay and additional costs for the giant project hit by repeated cost overruns.

“The year was marked by many events, in particular by the recovery of production and the company’s mobilisation around production recovery,” CEO Luc Remont told reporters.

EDF put its strong showing down to a strong operational performance, notably a significant increase in nuclear generation in France at a time of historically high prices.

That followed a drop in nuclear output in France in 2022. The group had to deal with stress corrosion problems at some reactors while also facing government orders to limit price rises.

The French reactors last year produced around 320.4 TWh, in the upper range of expectations.

Nuclear production had slid back in 2022 to 279 TWh, its lowest level in three decades, because of the corrosion problems and maintenance changes after
the Covid-19 pandemic.

Hinkley Point C is one of a small number of European Pressurised Reactors (EPRs) worldwide, an EDF-led design that has been plagued by cost overruns
running into billions of euros and years of construction delays.

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