Maritime Partners, known for maritime financing solutions, has ventured into the ferry sector with a significant deal involving the hydrogen-powered passenger ferry Sea Change developed by SWITCH Maritime. The sale-leaseback refinancing transaction signifies the beginning of a strategic collaboration between Maritime Partners and SWITCH aimed at revolutionizing the U.S. ferry fleet with cutting-edge technology and financial support. The passenger ferry Sea Change, operational in the San Francisco Bay since 2024, boasts electric motor propulsion and fuel cells powered by hydrogen storage. The proceeds from the deal will aid in engineering efforts and the construction of zero-emission vessels to replace older diesel ferries in key American cities. SWITCH Maritime's CEO highlighted the importance of financing projects at the forefront of technology adoption, emphasizing the role of the partnership with Maritime Partners in driving growth. The ambitious plans include constructing a liquid hydrogen-fueled RoPax vehicle ferry in the U.S., designed for efficient operations with minimal fueling requirements. Maritime Partners' President commended SWITCH's capabilities in overcoming design and regulatory challenges and expressed support for expanding SWITCH's fleet with innovative vessels. This collaboration signifies a significant step towards a greener and more sustainable future for the maritime industry.