To compile the list, nominations are solicited from TIME’s editors and correspondents around the world, and through an online application process, paying special attention to growing fields—such as AI, green energy, and sustainability, a pre-selected list is gathered. TIME then evaluate each contender on a number of key factors, including originality, efficacy, ambition, and impact.

Of the new list, TIME's editors write: "The result is a list of 200 groundbreaking inventions (and 50 special mention inventions)— including the world's most powerful supercomputer, a game-changing entertainment venue, and a new shape—that are changing how we live, work, play, and think about what's possible." 

Nauta Systems specialises in electric propulsion as well as energy generation and storage. Their founders share a passion for the ocean, vast experience in the European nautical market, and a commitment to the transformation that electric and hybrid propulsion brings into the nautical environment. Faroboats is dedicated to sustainable solutions for the nautical world. It was a natural alliance. 

One of the main keys to success today, apart from an innovative idea and its superb execution, lies in finding world-class partners to steer your business in markets we do not master ourselves. Neonautica has clearly become one such partner for us, and we could not be more confident about our prospects throughout the entire Middle East.

With this important strategic alliance, Faroboats solutions have now become represented and distributed across all of the 5 continents worldwide.

The Gussies, powered by Plugboats.com, are the only international boating awards exclusively dedicated to electric boats. A global audience of almost 15 000 boat enthusiasts and an international judging panel of 19 e-boat experts have recognized the Faro5 Wood as Best-in-Class in the under 8m category. Over 1000 boats from 21 countries were evaluated.

“We could not ask for anything more, or anything better. This means we are currently producing the best 5-meter electric boat in the world, and that’s even before we talk about its solar-powered charging dock.” Stated Nuno Amaral Frazão, CEO of Faroboats, when faced with these great news.

Faroboats, makers of the first fully self-sustainable solution for luxury leisure boating in the world, have been steadily growing their presence across the World. This major Award confirms that Portuguese naval design is vibrant after 500 years, and that Portuguese maritime expertise is still smoothly sailing.

We have been steadily growing our presence across the World:

Nova Luxe Yachts , will now represent the brand across 7 States in the US; SeaVolt, will be offering Faroboats down under in their 3 most significant States; and All Yacht Broker, will offer Faroboats in 4 major Regions in France.

We would like to welcome these great companies into the Faroboats family, and express our deep gratitude for their confidence in our uniquely sustainable boating solutions.

Faroboats have decided to bring all its manufacturing back home to Portugal, regaining full control over the quality and premium finishing of their products. While the first Faro5’s and the Solar Charging Dock prototypes were produced at a Central European shipyard, the Faroboats team soon felt that production should be brought closer to home at this early stage, for further quality control.

We needed a World-Class Partner with vast International experience, and we certainly found it with M.A.R./Nelo. Anyone who has had any contact with high- performance worldwide competition in kayaks and canoeing knows this Brand: with 93 Olympic Medals conquered aboard their watercraft, they’re quite simply the best in the world. Their superb manufacturing facilities in Northern Portugal will be more than capable of producing the Faro5 and its Solar Docking Station to our demanding standards.

This move forms a natural alliance: an established global player expanding its water-bound production capabilities will be providing state-of-the-art production facilities and specialised staff to a young, ambitious and highly innovative watercraft company.