14 October 2024 - HAV Group's business for energy design and smart control
systems has been contracted by Green Yard Kleven in Ulsteinvik, Norway to
develop and deliver the complete energy design, an integrated automation system
and its future-oriented bridge system for a Field Support Vessel the Norwegian
shipyard is constructing for Romanian integrated energy company OMV Petrom S.A. 


The company will supply frequency converters and electric motors for the
propulsion system, battery system, transformers and its proprietary Quadro
Master switchboard - a DC power distribution switchboard that enables the use of
variable speed generators. The Quadro Master is supported by the Odin's Eye,
enabling a DC-ring system configuration. It will also deliver its integrated
automation system - IAS - and own navigation system, RAVEN INS, developed
in-house to meet the highest standards of modern maritime operations. The system
will be delivered with a CBT notation (Closed bus tie). 

"According to DNV, closed bus-ties have emerged as a viable solution to enhance
energy efficiency. These allow the integration of DP power systems and reduce
the number of generator sets that need to run simultaneously. This leads to
optimized power-sharing, reduced fuel consumption and emissions, fewer engine
hours, and lower maintenance costs. Additionally, a system with active and
reactive power-sharing across bus ties can mitigate and reduce the consequences
of certain failure modes," says Siv Remøy-Vangen, managing director of HAV
Group's business for energy design and smart control systems.  

The contract value is somewhat below NOK 100 million. 

First deliveries will be made in the second quarter of 2025, with final
deliveries and commissioning being undertaken in the second quarter of 2026. 

The newbuild Field Support Vessel will operate for the Neptun Deep project,
which is the largest natural gas project in the Romanian Black Sea and the first
deepwater offshore project in Romania. The ship will be an 89.5-meter-long
multihull vessel, with W2W (Walk to Work) walkway, offshore crane, and
furnishings for a total of 90 people in single cabins. The ship is to be
delivered in the second half of 2026.

"We are happy to have NES with us on this important contract, and we are really
looking forward to the collaboration. We rely on partnerships with suppliers
such as NES who can challenge us and ensure predictable project execution," says
Hans Jørgen Fedog, general manager at Green Yard Kleven. 

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

"We are very pleased to see that our energy design and smart control business
continues to secure new contracts. Its order intake so far in 2024 has been
highly impressive," 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.