111 ANNUAL REPORT 2022 STRATEGY & OUTLOOK BUSINESS REVIEW - GREEN TECHNOLOGIES Commentary by Eirik Barclay, Executive Vice President New Ventures & Technologies YINSON GREENTECH KEY INVESTMENT UPDATES FYE 2022 Advanced hydrofoil system for electric vessels • Investment announced in 2020. • Technology incorporated into Hydroglyder, a Yinson-developed fully electric harbour craft. • Concept unveiled at Singapore Maritime Week 2021, model showcased at Nor-Shipping 2022. • Prototype vessel currently being built; on track for full test in Q1 2023. • Lift Ocean received second round of investment, NOK 20 million. E-bike and swappable batteries • Investment announced in June 2021. • Generation 3 swappable batteries introduced in January 2022. Autonomous systems for EVs • Co-investment with SMRT Ventures announced in June 2021. • Tri-party agreement signed with National University of Singapore and YGT to test and demonstrate autonomous bus technologies. Marine energy storage solutions • Investment and MoU for collaboration announced in October 2021. • Awarded grant with Yinson and other partners, as part of Goal Zero consortium, from the Singapore government for electric cargo vessel project. • PwrSwäp, swappable marine battery solutions launched in October 2021. • Good pipeline of projects and recent collaboration with Vallianz for a fully electric tug in Singapore. Autonomous and robotic technology • Investment signed in November 2021. • Team expansion for technologies development in Kuala Lumpur. EV charging solutions • Term sheet signed in October 2021, followed by joint venture agreement in February 2022. • Deployment of new chargers in multiple locations. • Collaboration with Hyundai for chargEV subscription services.
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