The MVY vessel is rated to produce the following:

• 1.2 MW of rated capacity

• 70-80% Load Factors

• 1 MW hydrogen electrolysis plant

• 2-4 tonnes of green hydrogen storage onboard

• 350-700 bar

• >100 tpa per vessel

A single vessel is equivalent to (by load factor):

• 2-3 MW wind turbine

• 7 MW solar park

A single vessel operating all year is equivalent to (by annual energy produced):

• 4 GWh of energy

• 340 tonnes of gasoline

• 1,200 tonnes of CO2 abatement

• 1000 UK homes of electricity

• 8000 SIDS homes of electricity

• 1000 hydrogen cars = 7.7 million miles of driving

• 30 hydrogen bus fleet

• First vessel is £15-18 per kg

• 10th vessel is <£10 per kg

• 2030+ vessels are <£6 per kg

• Target towards £3 per kg at gigayard autonomy

• 21,000 DRIFT Vessels

For comparison Maersk Line has 700+ vessels in its fleet.

BUT by DWT (i.e. mass of shipping) DRIFT’s gigatonne fleet is only equivalent to 210 Maersk Line ships.

1/3rd the size of Maersk.

$35m at a $100m+ pre-money valuation

$25m is the rough costing for the first boat, but we would probably sell first boat at a loss to ensure we have certain R&D rights to its operations. Plus a 10 year contract for Operations (the routing software for example)