Ferretti Group enters the 10th Monaco Energy Boat Challenge organized by the Yacht Club De Monaco

Riva El-Iseo - Monaco Energy Boat Challenge © Leonardo Andreoni

Ferretti Group is taking part in the Monaco Energy Boat Challenge, the international event organized by the Monaco Yacht Club, from July 5 to 8, that brings together yachting world professionals for a week of performance tests and networking opportunities involving the entire industry.

Founded in 1953 by Prince Ranieri and led since 1984 by its president Prince Albert II, the Monaco Yacht Club, of which Ferretti Group is one of the historical main partners, has an ambitious plan to make Monaco the world capital of modern yachting by organizing around 30 international events in this sector, one them being the Monaco Energy Boat Challenge, which has a mission to bring together the best designs and the most virtuous companies in terms of sustainable innovation, with a focus on zero-emission propulsion projects in the recreational boating sector.

Young people and universities are the real protagonists of this event, which aims to raise awareness of increasing sustainability in the world of yachting, with the main aim of reducing emissions by leveraging research and innovation.

Ferretti Group participation, main partner of this event as well, is playing a dual role at the event, with Ferretti Group Head of Engineering and Design Nino Ascone providing content in the panel discussion entitled "Sustainability Transition: challenges, engagement & adoption", planned for July 6 at 9 a.m., plus an adrenaline-pumping experience on the water with the Group's participation in the YCM E-Dock & YCM E-Boat Rally, an endurance event for electric yachts.

Representing the Group's sustainability path is the Riva El-Iseo prototype, Riva's first full-electric powerboat, presented to international markets in the magical 180th anniversary year celebrated by the brand that unites iconic status and tradition with the new challenges of sustainable progress. El-Iseo has a traditional stern drive propulsion system and an electric motor capable of delivering unprecedented speed and acceleration performance, with a top speed limited to 40 knots and an acceleration curve that is significantly better than conventional boats of the same size.

In recent weeks, in a further demonstration of its determination to continue in this direction, Ferretti Group has signed a Memorandum of Understanding with Enel X Way to develop strategic solutions and services in the field of sustainable recreational boating in Italy. The first step in this collaboration is the installation of Enel X Way charging stations at the Group's shipyards in Italy, starting with Sarnico on Lake Iseo.