This week another great British innovation will be selected as this year’s recipient of the Royal Academy of Engineering’s MacRobert Award.
Now in its 50th year, this prestigious prize seeks out and gives recognition to innovations which, in their words, ‘transcend borders and move the world’.
Known for spotting the ‘next big thing’ in the technology sector, the MacRobert Award identifies outstanding British innovations with proven commercial success and tangible social benefit.
It was one of my proudest professional moments when I accepted the 2015 gold medal and award on behalf of Artemis Intelligent Power for our Digital Displacement® technology.
Now, a very short four years on, I can say our technology is living up to its promise. Last Autumn, Danish multi-national Danfoss took a majority stake in our firm, and we are now well advanced in plans to roll out a commercial version of our Digital Displacement pump for the off-highway vehicle market.
If adopted industry-wide, this could have a transformative impact in reducing global fuel consumption and CO2 emissions in a very power-hungry sector. And when coupled with the next generation of electrically powered machines we will help extend the battery life and duty cycles of the vehicles of tomorrow.
This, I believe, will result in wider recognition of Digital Displacement and the role it can play in decarbonising industrial processes, heavy vehicles and our railways, to name just a few market sectors.
However our story evolves, receiving the MacRobert Award stands out as one of the most significant chapters in our company history, and on behalf of Artemis Intelligent Power I offer our very best wishes to every technology short-listed in this year’s award.