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HAV Group ASA: Subsidiary to deliver three charging stations to Norled

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

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

Under the contract, HAV Group's subsidiary will supply three completecontainerised onshore charging stations, including transformers, switchboards,control system and data collection system, plus the charging plug thatconnectsthe charging stations to the vessels. It will deliver a ready-made e-housewithconnection to the onshore power grid. The contract value is approximately NOK40million.

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

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

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

"To be able to support Tersan Leirvik and Norled, respectively, on thisprojectis something we are proud of. Substantial equipment delivered to the fourferries coupled with onshore charging stations underline our position as acomplete supplier of electrification solutions to the maritime industry," saysSiv Remøy-Vangen, managing director of HAV Group's energy design and smartcontrol systems business.

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

(ENDS)

For more information, please contact:Gunnar Larsen, CEOgunnar.larsen@havgroup.no+47 901 05 694

About HAV Group | www.havgroup.no HAV Group and its subsidiaries (together: "HAV Group") is an internationalprovider of technology and services for maritime and marine industries. HAVGroup has several decades of industry experience, in addition to specialexpertise in guiding the marine and maritime industries through the greenshiftand towards the goal of zero emissions. HAV Group ASA is listed on EuronextGrowth under the ticker code HAV.

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