23 September 2024 - Norwegian shipowner Rem Offshore has contracted HAV Group's
business for energy design and smart control systems to deliver a deck-based
battery energy storage system to its Rem Inspector construction support vessel
(CSV).
  
HAV Group's subsidiary, specialising in sustainable energy design and smart
control systems for vessels, will deliver a containerised energy storage system
that includes a "Quest" battery charger, a 1 MW battery package, and a control
system. The system is capable of operating in peak shaving, spinning reserve and
harbour mode.

"Reducing energy consumption on offshore vessels is achieved through several
measures, including integrating battery storage, energy management systems, and
optimised propulsion. These efforts lead to both cost savings and lower
emissions. Rem Offshore is committed to increasing fuel efficiency and providing
customers with competitive, environmentally friendly vessels. We are proud to
contribute to this forward-thinking approach," says Siv Remøy-Vangen, managing
director of HAV Group's business for energy design and smart control systems.

Rem Offshore will install the energy storage system and associated equipment on
board the Rem Inspector CSV. This vessel is 110 metres long, 22 metres wide, has
a deck space of 1,000 square metres, and is equipped with a 150-tonnes crane. 

"We have recently ordered our first newbuild net-zero emission vessel which
shows that sustainability and commercial priorities go hand-in-hand at Rem
Offshore. Upgrading our current fleet is another key component of this strategy.
NES has a strong track record of delivering energy storage systems to offshore
vessels, which is why we have chosen them as a cooperation partner for the Rem
Inspector," says Lars Conradi Andersen, CEO of Rem Offshore.   

HAV Group's contract party is Norwegian Electric Systems AS (NES), which has
operations in Bergen (HQ), Egersund and Ålesund in Norway, and Istanbul, Turkey.
The company will deliver the equipment during the first quarter of 2025 and
manage the project from its headquarters in Bergen, Norway.

"We are delighted to secure another battery package contract, which adds to our
already impressive order intake so far in 2024. We believe, however, that there
still is a good potential for further business in electrification projects for
offshore vessels," says Gunnar Larsen, CEO of HAV Group ASA. 

(ENDS)

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

About HAV Group | www.havgroup.no 
HAV Group and its subsidiaries (together: "HAV Group") is an international
provider of technology and services for maritime and marine industries. HAV
Group has several decades of industry experience, in addition to special
expertise in guiding the marine and maritime industries through the green shift
and towards the goal of zero emissions. HAV Group ASA is listed on Euronext
Growth under the ticker code HAV.