Arc gets its first major order for electric tugboats worth $160M

Arc, a leading manufacturer of electric boats, has secured its first major order for electric tugboats worth $160 million. The new tugs will be primarily powered by electric propulsion, with motors generating over 4,000 horsepower and drawing energy from a 6 MWh battery system on board. This order represents a significant milestone for Arc, as the company aims to electrify all watercraft. The company's boats have been entirely electric-powered thus far, demonstrating its commitment to sustainable maritime transportation. The electric tugboats are expected to contribute to the reduction of carbon emissions in the shipping industry, which is a significant source of greenhouse gas emissions globally. By adopting electric propulsion, Arc's tugboats can help mitigate the environmental impact of maritime operations. The successful order highlights the growing demand for eco-friendly solutions in the maritime sector and the increasing viability of electric boats as a viable alternative to traditional diesel-powered vessels.