HAV Group ASA's subsidiary Norwegian Electric Systems AS (NES) has been
contracted by Volstad Maritime to deliver the battery package and associated
control system for battery charging to the M/S Volantis subsea construction
vessel. 

NES, which specialises in sustainable energy design and smart control, will
provide the equipment to the Volantis in connection with a forthcoming vessel
upgrade to battery power notation before the vessel enters a new charter
contract early 2023. 

"We have experience from a number of similar battery upgrades for several PSVs.
It is the same principals we will apply when we are now helping to upgrade an
offshore construction vessel," says Egil Bremnes, sales manager at NES.

The Volantis is a dynamically positioned multi-role subsea construction vessel,
which incorporates a 150te active heave compensated subsea crane. The vessel is
107 metres long. In recent years the Volantis subsea construction vessel has
operated in the US Gulf of Mexico.

Volstad Maritime, which is headquartered in Aalesund, Norway, were one of the
first offshore owners to achieve the ISO 50001 accreditation for Energy
Management Standard. The installation of batteries on Volantis will take these
efforts one step forward. 

NES will utilise competence across its three Norwegian facilities - Bergen (HQ),
Egersund and Ålesund - to design, assemble and test the battery package and
control system, which will be delivered in the first quarter of 2023. NES has
not disclosed the value of the contract. 

NES is a subsidiary of HAV Group ASA, which is listed on Euronext Growth Oslo. 

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 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:

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

o 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 - ensures safety by smart and
easy operation.

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

NES is based in Bergen and has branches with core expertise in Ålesund and
Egersund. 

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