3 January 2023 - Volstad Maritime has contracted HAV Group ASA's subsidiary
Norwegian Electric Systems AS (NES) to deliver the battery package and
associated control system for battery charging to the M/S Deep Cygnus subsea
construction vessel.

NES, which specialises in sustainable energy design and smart control, will
provide the equipment to the Deep Cygnus in connection with a forthcoming vessel
upgrade to battery power notation before the vessel enters a new charter
contract in early 2024. 

During the past six months, Volstad Maritime has also contracted NES to deliver
similar battery packs and charging system to the Volantis, Grand Canyon II and
Grand Canyon III offshore construction vessels. Deep Cygnus will be the fourth
vessel where Volstad orders a battery system from NES. 

"We are investing significantly in upgrading and future-proofing our fleet of
offshore construction vessels. Reducing the offshore industry's CO2 footprint is
a shared responsibility that we take seriously. An added benefit is that our
vessels become even more attractive to customers who also want to reduce
emissions associated with their offshore operations. To achieve this, we rely on
close cooperation with key suppliers such as NES, who we have an open and
trust-based relationship with," says Trond Volstad at Volstad Maritime.

The Deep Cygnus is a dynamically positioned multi-role subsea construction
vessel incorporating a 150t active heave compensated subsea crane. The vessel is
122 metres long and has operated in the North Sea in recent years.

"Upgrading the Deep Cygnus with a battery is similar to the upgrade we are doing
onboard Volantis, where we placed the battery and charger under deck in
custom-made rooms," says Egil Bremnes, sales manager at NES.

As one of the first offshore owners to achieve the ISO 50001 accreditation for
Energy Management Standard, Volstad Maritime continues the work towards a
sustainable future at sea.

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 fourth quarter of 2023. NES has
not disclosed the value of the contract, which has been booked as order intake
in the fourth quarter of 2022.  

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


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

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