Silverstream Technologies Features in FT 1000 Rankings For Second Year Running

For two consecutive years in row, Silverstream Technologies has been featured in the Financial Times’ ‘FT 1000: Europe’s Fastest Growing Companies’ list, claiming an impressive 23^rd spot among Europe’s fastest-growing companies and securing the 3^rd position among the UK’s powerhouse companies, with a compound annual growth rate (CAGR) of 243.50%.

For the eight edition of its rankings, the FT has sought out the 1,000 European companies with the strongest revenue growth between 2019 and 2022. More details of the ranking will be covered in an upcoming FT special report.

Noah Silberschmidt, CEO and Founder of Silverstream, commented: “Breaking into the top 25 of FT’s fastest-growing companies in Europe for the second year in a row is a resounding victory for the Silverstream team and our game-changing technology. It's irrefutable proof that the Silverstream^® System is not just a choice, but the choice for newbuild vessels and the go-to retrofit option, revolutionising vessel efficiency.”

Air lubrication’s commercialisation and scaling helps to solve the fundamental challenge of vessel energy efficiency in shipping, setting the industry up for the cleaner, greener vessels that it needs to achieve the International Maritime Organization’s carbon reduction goals. As the technology evolves, it also provides ship owners and operators with a means to improve vessel efficiency in the long-term and for the full lifecycle of their ships.

As of March 2024, there are now 196 vessels contracted to have the Silverstream^® System installed across all shipping segments, with 63 systems in-service today. 37 of the current orders are for LNGCs and there are currently 13 systems already in-service on LNGCs. Our customers include Carnival, MSC, Maersk, Grimaldi, Shell, Vale, Knutsen and ADNOC L&S, amongst other major industry names.

See the full FT 1000 rankings here.