Hybrid is a new technology, mostly in early development.
In recent years, there’s been a significant increase in battery technology and innovation, particularly in the lithium-type batteries, which could impact multiple market segments.
Developments in the automotive sector are driving the need for the next generation of batteries and those will find their way into marine applications.
The benefit of hybrid technology is better efficiency and productivity for customers. You can store energy rather than waste it. Historically, the primary challenge has been the battery technology itself, which wasn’t well developed.
