08 Nov 2022 08:00 CET

Issuer

HAV Group ASA

Volstad Maritime has contracted HAV Group ASA’s subsidiary Norwegian Electric
Systems AS (NES) to deliver the battery pack and associated control system for
battery charging to the Grand Canyon III offshore construction vessel.

“The demand for retrofitting battery power on board offshore vessels continues
to grow as many shipowners, such as Volstad Maritime, are dedicated to reducing
their carbon footprint. Lower operating expenditure through reduced fuel
consumption is an additional, attractive benefit,” says Egil Bremnes, sales
manager at NES.

NES, which specialises in sustainable energy design and smart control, will
provide the equipment to the Grand Canyon III in connection with a vessel
upgrade in early 2023. The company will manage the project from its headquarters
in Bergen, Norway. NES has not disclosed the value of the contract.

Before the summer, NES signed a similar contract for Volstad Maritime’s subsea
construction vessel Volantis. While the Volantis battery pack will be installed
in a dedicated battery room, the battery pack on board the Grand Canyon III will
be installed in a container below the deck.

“Installing the battery pack as a container-based solution can be very
cost-efficient for vessels since you do not need to build a dedicated battery
room”, says Trond Volstad, project manager at Volstad Maritime.

“Delivering the battery system in dedicated containers will also allow us to
conduct extensive testing of the equipment prior to delivery. This means that
the yard stay can be shortened correspondingly, allowing the vessel to return to
operation as quickly as possible,” says Egil Bremnes.

Grand Canyon III is a 127.5 long and 25 metres wide offshore construction
vessel. It is equipped with a 250-tonne offshore crane. Following the upgrade to
battery power notation in early 2023, the vessel will enter a five-year charter
with Helix Energy Solutions.

Volstad Maritime, headquartered in Aalesund, Norway, was one of the first
offshore owners to achieve the ISO 50001 accreditation for Energy Management
Standard. Installing batteries on board Grand Canyon III will take these efforts
another step forward.

NES is a subsidiary of HAV Group ASA, which is listed on Euronext Growth Oslo.
NES operates in Bergen (HQ), Egersund and Ålesund in Norway, and Istanbul,
Turkey.

For further information, please contact:
Gunnar Larsen, CEO
gunnar.larsen@havgroup.no
+47 901 05 694

About HAV Group | www.havgroup.no
HAV Group is an international provider of technology and services for maritime
and marine industries, listed on Euronext Growth under the ticker code HAV. The
group comprises four subsidiaries with several decades of combined experience in
the industry, in addition to special expertise in guiding the marine and
maritime industries through the green shift and towards the goal of zero
emissions.

About Norwegian Electric Systems AS
Norwegian Electric Systems is a world-leading total supplier of low and
zero-emission propulsion and control systems for a wide range of vessels for the
global marine market:

• Energy Design - knowledge about vessel operations and competence in
integrating the latest available energy sources allows us to design optimal
propulsion systems. Norwegian Electric Systems designs efficient and
environmentally friendly solutions, creating added value for the customers.

• Smart Control - new requirements and demand for more efficient and safe
operations calls for smarter vessels. Flexible software platforms and new
solutions for navigation, automation, and control ensure safety through smart
and easy operation.

We are a committed partner for safe shipping, lower emissions and added value
for our customers. Our focus is to be a collaborator and a system supplier,
designing optimal propulsion systems for vessels and control systems.

NES is based in Bergen and has branches with core expertise in Ålesund and
Egersund in Norway, plus an office in Istanbul, Turkey.

To learn more about us, visit: www.norwegianelectric.com


Source

HAV Group ASA

Provider

Oslo Børs Newspoint

Company Name

HAV GROUP ASA

ISIN

NO0010931918

Symbol

HAV

Market

Euronext Growth