28 April 2025 - Norwegian ferry operator Norled has contracted HAV Group's
energy design and smart control systems business to deliver three onshore
charging stations that will be utilised at three ports in North Norway.  

The three charging stations will be installed at the North Norwegian ports of
Stokkvågen, Lovund and Træna. Norled will operate the Stokkvågen-Lovund and
Stokkvågen-Træna ferry routes with three newbuild battery-hybrid ferries and one
conventional ferry from 2027 onwards. 

Under the contract, HAV Group's subsidiary will supply three complete
containerised onshore charging stations, including transformers, switchboards,
control system and data collection system, plus the charging plug that connects
the charging stations to the vessels. It will deliver a ready-made e-house with
connection to the onshore power grid. The contract value is approximately NOK 40
million. 

The 4MW DC charging stations are based on a Megawatt Charging System (MCS),
including a proprietary charging connector type that is normally used for large
electric vehicles such as trucks and buses. The charging stations will be
delivered towards the end of 2026. 

"Our energy design and smart control systems business' win rate for onshore
charging stations is impressive. This latest award takes the company's track
record up to 30 onshore charging stations. Moreover, from 1 January 2025 new
Norwegian legislation came into effect that details zero-emission requirements
in public procurement of ferries and ferry services. We expect this to provide
further opportunities for us," says Gunnar Larsen, CEO of HAV Group ASA. 

The four newbuild ferries will be constructed at Norwegian shipyard Tersan
Leirvik. In May last year, NES was awarded a NOK 200 million contract by Tersan
Leirvik to provide equipment deliveries to the ferries, including power
solution, battery pack and navigation system. 

"To be able to support Tersan Leirvik and Norled, respectively, on this project
is something we are proud of. Substantial equipment delivered to the four
ferries coupled with onshore charging stations underline our position as a
complete supplier of electrification solutions to the maritime industry," says
Siv Remøy-Vangen, managing director of HAV Group's energy design and smart
control systems business.

HAV Group's contract party is Norwegian Electric Systems AS (NES). 

(ENDS)

For more 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.