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ZEM

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uuid0027vx9

Namestring
ZEM
Legal namestring
ZEM AS
Websiteurl
zemenergy.com
Company typeenum
Private
Founded yearint
2015
Descriptiontext

ZEM AS is a Norway-based, privately held system integrator that designs and delivers turn-key electric and hybrid drivelines for marine vessels. Founded in 2009 and headquartered in Høvik, Norway, the company operates as a wholly-owned subsidiary of Volvo Penta within the Volvo Group, positioning itself as the marine electrification and hybridization arm of its parent. Since its first commercial installation in 2015, ZEM has delivered 114 driveline systems representing 63 MW of installed battery capacity and claims zero safety events across that installed base.

The company's core offering is the ZEM Integrated Platform, which combines battery storage, power electronics, and propulsion control into a single, field-proven architecture tailored to individual vessel requirements. Around this platform, ZEM has developed application-specific driveline variants for marine workboats, high-speed passenger ferries, and aquaculture feed barges, as well as the ZEM e-BOX — a modular, portable energy storage product targeting both marine and land-based grid applications. The technology is differentiated by integration and configurability rather than by underlying cell-level innovation; ZEM's role is to specify, engineer, and commission a validated system architecture for each vessel.

ZEM generates revenue through project-based hardware sales (integrated driveline systems) bundled with professional services spanning concept development, detailed engineering, components delivery, installation oversight, commissioning, and post-sales support. Go-to-market is direct enterprise field sales, led by Erik Skaarnæs, targeting maritime operators across multiple segments — workboats, ferries, aquaculture, and energy storage / grid — with consultative, project-based pricing that is not publicly disclosed. The company sells globally under Volvo Penta's distribution and service umbrella, with named reference customers including Moen Marin and Scale AQ.

Short descriptiontext

ZEM is a Norway-based Volvo Penta subsidiary that designs and delivers turn-key electric and hybrid driveline systems for marine vessels, serving workboat, ferry, aquaculture, and energy storage operators worldwide through project-based engineering and integration contracts.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersHøvik, Norway
HQ citystring
Høvik
HQ countrystring
Norway
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
marine electric drivelines, hybrid propulsion systems, zero-emission maritime solutions, battery energy storage, marine system integration
Industry5 codes
1Marine Hybrid & Electric Propulsion Systems
CodeIMAJAHACPrimaryYes
2Integrated Marine Electrical Systems & Switchboards
CodeIMAJAJAAPrimaryNo
3Electrical Engineering & Power Distribution (Generation, Switchboards, Cabling, Lighting)
CodeIMAJAGAFPrimaryNo
4Energy Storage Systems for Marine (Batteries, supercapacitors)
CodeIMAJAHAJPrimaryNo
5Battery Modules & Packs (Industrial/Commercial pack assembly)
CodeIMAGAHABPrimaryNo
NAICS code3 codes
  • Switchgear and Switchboard Apparatus Manufacturing335313
  • Computer Systems Design Services541512
  • Ship and Boat Building33661
SIC code3 codes
  • Switchgear & Switchboard Apparatus3613
  • Services-Computer Integrated Systems Design7373
  • Industrial Instruments For Measurement, Display, And Control3823
Product category
Marine Electric Propulsion Systems
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Marine Driveline Systems
TypeHardware Sales
Description

Sale and integration of complete electric and hybrid driveline systems for marine vessels. The company designs, engineers, and delivers turn-key solutions including battery systems, power electronics, and propulsion components. Revenue is generated through project-based contracts with maritime operators.

zem.no
2Engineering and Integration Services
TypeProfessional Services
Description

Professional services including concept development, detailed engineering, installation oversight, commissioning, and post-sales support. Services are bundled with system sales as part of turn-key project delivery.

zem.no
Marketing channels2 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Technology or R&D, Personnel, Operations, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

ZEM designs, engineers, and delivers turn-key electric and hybrid marine driveline systems that integrate batteries, power electronics, and propulsion controls into ready-to-deploy solutions for commercial vessels. The company bundles detailed engineering, installation oversight, and commissioning services with each delivered system, and extends its battery technology into portable energy storage via the ZEM e-BOX. All solutions are tailored to vessel specifications and packaged for maritime operators seeking zero-emission or reduced-emission operations.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 63 MW of battery capacity installed across 114 systems
+2 more records
Product overview1 text field

ZEM is a turn-key system integrator of marine electric and hybrid drivelines, offering the ZEM Integrated Platform as its core product along with the ZEM e-BOX portable energy storage system. The portfolio includes specialized applications for marine workboats, high-speed ferries, feed barges, and electrical energy storage/grid systems. All solutions are designed to be field-proven and tailored to customer requirements, with 114 systems and 63 MW of battery capacity installed globally since 2015.

Product and service1 record
1ZEM Integrated Platform
Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Volvo Penta
Strategic tierFlagshipTypeOEM/ Whitelabel/ Licensing Partner
Description

ZEM is a wholly-owned subsidiary of Volvo Penta, which is itself part of the Volvo Group. This corporate relationship provides ZEM with access to Volvo's established marine propulsion technology, manufacturing capabilities, and global service network. ZEM operates as the marine electric and hybrid driveline integration arm within the Volvo Group ecosystem.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Market position
Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

ZEM

Marine Electric Propulsion Systemszemenergy.com

ZEM is a Norway-based Volvo Penta subsidiary that designs and delivers turn-key electric and hybrid driveline systems for marine vessels, serving workboat, ferry, aquaculture, and energy storage operators worldwide through project-based engineering and integration contracts.

What ZEM does

ZEM AS is a Norway-based, privately held system integrator that designs and delivers turn-key electric and hybrid drivelines for marine vessels. Founded in 2009 and headquartered in Høvik, Norway, the company operates as a wholly-owned subsidiary of Volvo Penta within the Volvo Group, positioning itself as the marine electrification and hybridization arm of its parent. Since its first commercial installation in 2015, ZEM has delivered 114 driveline systems representing 63 MW of installed battery capacity and claims zero safety events across that installed base.

The company's core offering is the ZEM Integrated Platform, which combines battery storage, power electronics, and propulsion control into a single, field-proven architecture tailored to individual vessel requirements. Around this platform, ZEM has developed application-specific driveline variants for marine workboats, high-speed passenger ferries, and aquaculture feed barges, as well as the ZEM e-BOX — a modular, portable energy storage product targeting both marine and land-based grid applications. The technology is differentiated by integration and configurability rather than by underlying cell-level innovation; ZEM's role is to specify, engineer, and commission a validated system architecture for each vessel.

ZEM generates revenue through project-based hardware sales (integrated driveline systems) bundled with professional services spanning concept development, detailed engineering, components delivery, installation oversight, commissioning, and post-sales support. Go-to-market is direct enterprise field sales, led by Erik Skaarnæs, targeting maritime operators across multiple segments — workboats, ferries, aquaculture, and energy storage / grid — with consultative, project-based pricing that is not publicly disclosed. The company sells globally under Volvo Penta's distribution and service umbrella, with named reference customers including Moen Marin and Scale AQ.

ZEM firmographics

Firmographics
Name
ZEM
Legal name
ZEM AS
Website
https://zemenergy.com
Company type
Private
Founded year
2015
Operating status
Operating
Headcount range
1–10 employees
Short description
ZEM is a Norway-based Volvo Penta subsidiary that designs and delivers turn-key electric and hybrid driveline systems for marine vessels, serving workboat, ferry, aquaculture, and energy storage operators worldwide through project-based engineering and integration contracts.
Ownership category
akta.pro rank

ZEM industry classification

Industry
Product category
Marine Electric Propulsion Systems
NAICS
Switchgear and Switchboard Apparatus Manufacturing (335313), Computer Systems Design Services (541512), Ship and Boat Building (33661)
SIC
Switchgear & Switchboard Apparatus (3613), Services-Computer Integrated Systems Design (7373), Industrial Instruments For Measurement, Display, And Control (3823)
akta.pro primary industry
Marine Hybrid & Electric Propulsion Systems (IMAJAHAC)
akta.pro secondary industries
Integrated Marine Electrical Systems & Switchboards (IMAJAJAA), Electrical Engineering & Power Distribution (Generation, Switchboards, Cabling, Lighting) (IMAJAGAF), Energy Storage Systems for Marine (Batteries, supercapacitors) (IMAJAHAJ), Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB)

Keywords

  • Marine electric drivelines
  • Hybrid propulsion systems
  • Zero-emission maritime solutions
  • Battery energy storage
  • Marine system integration

Where ZEM is headquartered

Location

Headquarters

HQ city
Høvik
HQ country
Norway
HQ region
Europe

Offices1 record

Markets served

ZEM business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Technology or R&D, Personnel, Operations, Infrastructure

Revenue model

  1. Marine Driveline Systems: Sale and integration of complete electric and hybrid driveline systems for marine vessels. The company designs, engineers, and delivers turn-key solutions including battery systems, power electronics, and propulsion components. Revenue is generated through project-based contracts with maritime operators.
  2. Engineering and Integration Services: Professional services including concept development, detailed engineering, installation oversight, commissioning, and post-sales support. Services are bundled with system sales as part of turn-key project delivery.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

ZEM product offering

Product offering

Core offering

ZEM designs, engineers, and delivers turn-key electric and hybrid marine driveline systems that integrate batteries, power electronics, and propulsion controls into ready-to-deploy solutions for commercial vessels. The company bundles detailed engineering, installation oversight, and commissioning services with each delivered system, and extends its battery technology into portable energy storage via the ZEM e-BOX. All solutions are tailored to vessel specifications and packaged for maritime operators seeking zero-emission or reduced-emission operations.

Product overview

ZEM is a turn-key system integrator of marine electric and hybrid drivelines, offering the ZEM Integrated Platform as its core product along with the ZEM e-BOX portable energy storage system. The portfolio includes specialized applications for marine workboats, high-speed ferries, feed barges, and electrical energy storage/grid systems. All solutions are designed to be field-proven and tailored to customer requirements, with 114 systems and 63 MW of battery capacity installed globally since 2015.

Differentiator

Problem solved

Functional benefit

Products and services

  • ZEM Integrated Platform

Quantifiable outcome

  • 63 MW of battery capacity installed across 114 systems
  • +2 more outcomes

Companies that use ZEM

Customer profile

Named customers2 records

Segments4 records

Ideal customer profiles4 records

ZEM technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

ZEM partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Volvo PentaflagshipOEM/ Whitelabel/ Licensing PartnerZEM is a wholly-owned subsidiary of Volvo Penta, which is itself part of the Volvo Group. This corporate relationship provides ZEM with access to Volvo's established marine propulsion technology, manufacturing capabilities, and global service network. ZEM operates as the marine electric and hybrid driveline integration arm within the Volvo Group ecosystem.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

ZEM competitors and assessment

Company assessment

Market position

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

ZEM social profiles

Digital presence

ZEM financial estimates

Financial estimate

Revenue estimate

Valuation estimate

ZEM leadership team

Management profile

Number of profiles

Profiles3 records

ZEM funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

ZEM M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ZEM

What does ZEM do?

ZEM designs, engineers, and delivers turn-key electric and hybrid marine driveline systems that integrate batteries, power electronics, and propulsion controls into ready-to-deploy solutions for commercial vessels. The company bundles detailed engineering, installation oversight, and commissioning services with each delivered system, and extends its battery technology into portable energy storage via the ZEM e-BOX. All solutions are tailored to vessel specifications and packaged for maritime operators seeking zero-emission or reduced-emission operations.

Is ZEM a public or private company?

ZEM is a private company. It is classified as corporate owned and is currently operating.

When was ZEM founded?

ZEM was founded in 2015. It employs 1 to 10 people.

Where is ZEM based?

ZEM is headquartered in Høvik, Norway, in the Europe region.

How does ZEM make money?

Two revenue lines are on record. Marine Driveline Systems are the primary driver. The others are engineering and Integration Services.

Does ZEM have an API?

No public API is recorded for ZEM.

What industry is ZEM in?

ZEM's product category is Marine Electric Propulsion Systems. Its primary akta.pro industry code is IMAJAHAC, Marine Hybrid & Electric Propulsion Systems, with a secondary code of IMAJAJAA, Integrated Marine Electrical Systems & Switchboards. Its NAICS code is 335313 and its SIC code is 3613.

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Live signals
Volvo PentaElectrifying ferries around the worldVolvo Penta is expanding its global portfolio of power solutions for diesel, hybrid, and electric ferries by leveraging its 'power of plenty' approach to modular generator sets. The company has successfully delivered gensets for new electric ferry projects in Norway operated by Boreal and Germany operated by WSA Nord-Ostsee-Kanal, while also advancing its capabilities through the acquisition of ZEM AS and a partnership with Qamcom.Volvo PentaDriving marine electrification with ZEM ASVolvo Penta has acquired ZEM AS, a Norwegian supplier of marine battery and electric driveline solutions, to accelerate its development of sustainable electromobility products. This strategic move integrates ZEM's expertise into Volvo Penta’s portfolio, aiming to expand its range of certified electric propulsion systems for the marine industry. The acquisition supports Volvo Penta’s broader ambition to achieve net-zero emissions in alignment with the Volvo Group’s Science Based Target initiative.FinSMEsVolvo Penta Acquires Majority Stake in Zem ASVolvo Penta has made a majority investment in Zem AS, a Norwegian supplier of marine battery and electric driveline solutions. The acquisition aims to leverage Zem's expertise to enhance Volvo Penta's marine electromobility capabilities and accelerate development projects. Zem will continue to operate under its current brand and leadership while collaborating with Volvo Penta on future offerings.PR NewswireVolvo Penta acquires majority stake in marine battery systems pioneer ZEM ASVolvo Penta has acquired a majority stake in ZEM AS, a Norwegian company specializing in marine battery systems and electric drivelines. This acquisition is part of Volvo Penta's strategy to accelerate its electromobility development and expand its capabilities in the marine sector. The transaction will allow both companies to combine their expertise to develop sustainable power solutions for the maritime industry.AiThorityVolvo Penta Acquires Majority Stake in Marine Battery Systems Pioneer ZEM ASVolvo Penta has acquired a majority stake in ZEM AS, a Norwegian supplier of marine battery systems and electric drivelines, to expand its electromobility capabilities. The acquisition allows Volvo Penta to leverage ZEM's specialized marine expertise and established track record in Norway's mature e-mobility market. Both companies will continue operating under their current brands while collaborating to accelerate the development of sustainable power solutions for the marine industry.