06 Mar 2023 08:00 CET

Issuer

HAV Group ASA

Six months after announcing its plans to launch a deck-based containerized
hydrogen (H2) energy systems for ships, HAV Group ASA’s subsidiary HAV Hydrogen
today unveils details of the system that has received Approval in Principle
(AiP) from DNV. The AiP is an important milestone for HAV Hydrogen in bringing
the new Zero Emission Pod system onto the market and engaging with customers on
the first commercial installations of the system.

“We have developed and received an AiP for a turnkey engine room. The AiP is
based on a 20-foot container that not only contains the hydrogen fuel cells, but
also the equipment required to safely run it,” says Kristian Osnes, managing
director of HAV Hydrogen.

BROAD INTEREST
HAV Hydrogen has developed the containerized, deck-based system to fast-track
the commercial use of hydrogen as ship fuel. Since announcing its intention to
launch a containerized, deck-based hydrogen system, HAV Hydrogen has been
inundated with requests from shipowners.

“There is significant interest from shipowners in multiple industry sectors. We
have been contacted by companies that operate within offshore wind, oil and gas,
RoRo shipping, cargo, inland shipping and fishing. They acknowledge that our
containerized solution can be the quick route to zero emission for their vessel
types. Given that necessary infrastructure is in place, all a shipowner needs to
do is to clear sufficient deck space and hook it up to the vessel’s power
system,” says Kristian Osnes.

Broad European and international regulatory support, and rapid development of
hydrogen supply in relevant harbours, is expected to drive adoption of hydrogen
as ship fuel. HAV Hydrogen currently considers short sea cargo, inland water
cargo, and passenger transport to be the most relevant industry segments for its
containerized Zero Emission Pod system, while offshore wind is expected to grow
in relevance as emission regulations continue to be tightened. According to
international vessel databases, including Sea-web and the European Commission’s
Market Observation Inland Navigation in Europe, there are approximately 2,500
short sea cargo vessels, 7,000 inland water cargo vessels, 1,300 passenger
transport vessels and 2,500 fishery vessels in Europe alone.

HAV Hydrogen will be ready to start manufacturing of the Zero Emission Pod H2
containers during the second half of 2023, aiming for the first deliveries in
2024.

SCALABLE ZERO EMISSION POWER SUPPLY
The Zero Emission Pod is a turnkey, standalone power pod where all support and
safety systems as well as electrical power management are included. By using
200kW hydrogen fuel cells, the system is flexible and can easily provide 1,000
kW within the footprint of a standard 20 container. By combining multiple
containers, using larger modules or dedicated space below deck, multi megawatt
energy systems will also be available.

Installed effect can be used for the main propulsion systems, or for additional
power supply on board the vessel to comply with green operation standards.
Quayside, the hydrogen system can ensure sufficient green power supply to the
vessel, which does not need to rely on onshore charging infrastructure to
achieve zero emission status.

“The H2 system is a simple yet effective enabler of green shipping. It can
either be utilized as a retrofit option for vessels that have not already been
prepared for a conventional retrofit installation below deck, or as a complete
plug-in module that de-risks the yard installation for newbuilds,” adds Kristian
Osnes.

DNV AIP
HAV Hydrogen has received Approval in Principle (AiP) by DNV for the Zero
Emission Pod. The AiP means that the H2 system has been assessed by DNV and
found to comply with the current rules of the class society and applicable
statutory regulations. Further, it confirms that the design is feasible and that
no significant obstacles exist to prevent it from being realized.

The basis for DNV’s AiP is compliance with the safety principles of DNV rules
for fuel cell installations, gas fuelled ship installations, containerized
systems, the IGF Code, and IMO interim guidelines for the safety of ships using
fuel cell power installations.

“We would like to congratulate HAV Hydrogen AS on being awarded the AiP for
their Hydrogen Containerized Power Plant,” said Monika Johannessen, Head of
Department – Gas Technology, Piping & Safety at DNV. “To keep shipping relevant
over the long term, we need every possible option on the table and hydrogen can
be an important part of the shift towards more sustainable shipping. We would
like to thank HAV for placing their trust and confidence in DNV’s expertise to
help them demonstrate that their system is in-line with the most advanced
technical standards in the industry.”


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

About HAV Group | www.havgroup.no
The 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 HAV Hydrogen | www.havhydrogen.no
HAV Hydrogen delivers complete and scalable hydrogen systems for use on board
large and small vessels, newbuilds and retrofitted. Based on our Norwegian
heritage, experience, quality focus and innovative solutions, our insight
provides our customers with a head start, increases their competitiveness, and
enables them to realize the green shift towards a sustainable future at sea.


Source

HAV Group ASA

Provider

Oslo Børs Newspoint

Company Name

HAV GROUP ASA

ISIN

NO0010931918

Symbol

HAV

Market

Euronext Growth