In a landmark deal, the Candela P-12, the world’s first electric hydrofoil ship, will service the planned water network in NEOM, the gigantic, sustainable development taking shape in Northwest Saudi Arabia. Flying above the waves on computer-guided underwater wings, hydrofoils, the P-12 uses 80% less energy than conventional ships, allowing it to combine long range and high speed for the first time in an electric vessel. Since Candela’s foiling vessels use 80% less energy than conventional ships of the same size, a life cycle analysis performed by the KTH Royal Institute of Technology in Stockholm concluded that a P-12 will emit 97.5% less CO2 during its lifetime compared to a conventional diesel vessel of the same size.