Dear Friends,
This year has once again reminded us how unpredictable and complex our markets can be. While global growth continues, it remains uneven, and uncertainty around geopolitics, energy costs and trade still shapes investment decisions across industries. At the same time, demand for electrification, efficiency and sustainable solutions is accelerating – particularly in the marine sector.
At The Switch, we are celebrating a special milestone – 20 years of our journey.
From our early days in wind power to today’s strong position in marine electrification, our path has always been closely aligned with where our customers and markets are going. Over these two decades, we have evolved from a bold technology challenger into a trusted partner delivering reliable solutions for demanding marine, renewable and industrial applications.
This year also marks an important step in our ownership structure. With BEMAC acquiring the remaining shares of The Switch, we are now fully part of the BEMAC Group. This strengthens our foundation, enables closer collaboration and supports faster decision-making as we move forward together.
In parallel, we have continued to strengthen our position – focusing on our core offering, improving execution and working even more closely with our customers and partners. Step by step, we are building an even stronger company for the opportunities ahead.
To our customers and BEMAC, thank you for your continued trust and collaboration as we build the future together.
To our employees, thank you for the role you play in our shared success with our customers and shareholder.
Together, we look forward to the next chapter.
Wishing you all a relaxing and well-deserved summer!
Warm regards,
President & CEO
Our highlights
The Switch wins New Propulsion Technology of the Year at Amsterdam’s Advanced Maritime Technology International Awards 2026
The Advanced Maritime Technology International Awards 2026, presented on June 16 at RAI Amsterdam, honored leading innovators in sustainable marine technology.
The Switch received the New Propulsion Technology of the Year award for its PMM850M permanent magnet machine, recognized for its compact design, high efficiency solution and ability to significantly reduce fuel consumption, emissions and operating costs.
From power generation to propulsion: expanding the role of permanent magnet technology
As fuel costs rise and emissions regulations tighten, electrification is reshaping ship power systems. From battery-powered ferries and hybrid offshore vessels to large container ships utilizing shaft generators and power take-off systems, electrical machines are becoming central to modern vessel design. In particular, the adoption of electric propulsion is now gaining momentum across a growing range of vessel types.
The Switch secures a repeat order for 86 high-speed induction motors
Continuing a successful collaboration, The Switch has received an order for 86 new high-speed solid-rotor induction motors from a long-term customer. With this latest order, the total number of motors ordered by the customer has increased to nearly 350 units.
Sea Japan 2026: Strengthening partnerships and exploring new opportunities with BEMAC
Sea Japan 2026, one of Asia’s leading maritime exhibitions, is a strategic meeting point for industry professionals seeking the latest solutions in decarbonization, digitalization, autonomous shipping and next-generation vessel design. Held in Tokyo from April 22–24, this year’s event offered a unique platform to explore emerging trends, build valuable partnerships and discover cutting-edge products and services, such as the ones on display from BEMAC and The Switch.
Scaling up electric ferries: the role of power electronics
The pace at which electric ferries are moving from niche to scale is remarkable. The market is already worth several billion dollars and is expected to grow at double-digit rates through the 2030s.
Explore how to scale fully electric ferries with the efficiency, safety, and reliability needed for a rapidly growing market in our latest marine blog.
LUT–The Switch collaboration pushes boundaries in high-speed electric machine design
Conventional manufacturing methods, however, limit the development of large commercial high-speed solid rotor machines, particularly those exceeding 1,600 kg in mass and 2 meters in length. Meeting customer demands therefore calls for new, state-of-the-art manufacturing approaches.
This is where collaborative research between LUT University and The Switch comes in. Together, the long-standing partners are developing new technologies for high-speed solid rotors.
