Steyr Motors GmbH won the 2008 DAME Award for its Hybrid Propulsion System, which allows a yacht to operate in any of four modes.

The system can be used to start the engine, eliminating the need for a starter motor; as a generator to charge the vessel’s batteries; in cruise mode under electric power at speeds up to 5 knots; and in "boost" mode to get the boat on plane.

“The jury felt this trendsetting product will have a significant influence on boating in the next few years,” according to a statement from Amsterdam RAI, which produces the annual Marine Equipment Trade Show where the DAME awards are presented.