German shipbuilder Meyer Group has entered the superyacht market with its first yacht concept - the 150 metre ultra-sustainable ONE 50.
Announced at the Monaco Yacht Show, ONE 50 spans six decks with a 20 metre beam and a herculean volume of 15,000GT. The yacht is also designed to be powered by fuel cell technology and battery banks, powered by 25,000 kilowatts of electricity to deliver a top speed of 23 knots.
Speaking at the Monaco Yacht Show, Meyer Werft's communication manager Florian Feimann said: "We believe that right now there are people looking for a yacht of this size but they do not want the fuels that are currently available. At the moment Elon Musk, for example, cannot buy a fuel cell/battery-powered yacht. But now he can with us."
ONE 50 is the first yacht concept from the builder's new yachting division Meyer Yachts. With its roots in the cruising sector, Meyer Group already has the facilities to build yachts up to 500 metres in length and will position itself at the top end of the market with the aim to build the "world's largest and greenest mega yachts".
“We are opening the next chapter in our history and enter the market for mega yachts,” said Meyer Group chief executive Bernard Meyer. “We can realise almost limitless ideas and ship sizes - even the craziest ones. We are currently seeing that the demand for mega yachts is increasing and there is room for another shipyard in this segment”.
The company's commitment to alternative fuel underpins the vision of Meyer Yachts. "We see a lot of potential in mega yachts for new environmentally technologies and we attach great importance to this," the group said.
It comes after it was announced that Meyer Werft had been chosen to build the 289m private residence yacht Njord, with delivery scheduled for 2025.