What Austevoll Elektro does

Austevoll Elektro AS is a Norway-based maritime electrical systems integrator founded in 1972 and headquartered in Kolbeinsvik, Austevoll, with a sales office in Bergen (Godvik). The company designs, produces, installs, and commissions electrical systems for vessels serving the aquaculture, maritime/shipping, industrial, residential, and offshore wind sectors, with primary focus on hybrid and battery-electric propulsion, shore power, automation, and switchboard production.

Core offerings include the proprietary Batterator battery system (developed in-house for maritime applications), the Hybrid Retrofit PTI/PTO conversion solution for existing work boats, integrated automation systems (IAS) covering alarm, power management, energy management, tank gauging and ballast control, and a full maritime switchboard portfolio (AC/DC panels, distribution panels, converter panels, emergency panels, and shore power cabinets). Production is in-house at Kolbeinsvik, with alarm-system deliveries built on the X-Connect platform in partnership with Blue Ctrl AS (formerly Ulstein Blue Ctrl). Services extend to 24/7 electrical service, switchboard maintenance and upgrades, and solar installations for residential and commercial buildings.

The business model is project-based system integration with quote-based, project-specific pricing. Revenue streams are dominated by one-time system delivery contracts (vessel newbuilds and retrofits) supplemented by recurring service, maintenance, and spare-parts revenue. The go-to-market relies on direct enterprise sales along the Norwegian coast, supplemented by trade-show presence (Aqua Nor, HavExpo), industry publication coverage, and long-term shipyard partnerships (notably Fitjar Mekaniske Verksted and, more recently, Sirius Design & Integration on an FDA newbuild at Zamakona Yards in Spain). Customers include Finnsnes Dykk & Anleggservice (FDA), Holmøy Akvaservice, Sjøliv, Kløverlaks, Volt Harvest, Bio Feeder, Thermo Service, Utkilen, the Institute of Marine Research, Larseng Sjøtransport, and international offshore wind developers. Austevoll Elektro has been a subsidiary of SEAM since December 2024 and of Hanwha Engine (via SEAM) since December 2025, while retaining its Norwegian operating base and brand.

Name

Austevoll Elektro

Legal name

Austevoll Elektro AS

Website

https://austevollelektro.no

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

51–100 employees

Short description

Austevoll Elektro AS is a Norwegian maritime electrical systems integrator (founded 1972, ~65 employees, Kolbeinsvik) that designs, produces, and commissions hybrid battery propulsion, automation, switchboards, and shore power for aquaculture, shipping, and offshore wind customers.

Ownership category

akta.pro rank

Product category

Maritime Electrical Systems Integration

NAICS

Relay and Industrial Control Manufacturing (335314), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Ship Building and Repairing (336611), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Auto Controls For Regulating Residential & Comml Environments (3822), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Integrated Marine Electrical Systems & Switchboards (IMAJAJAA)

akta.pro secondary industries

Marine Hybrid & Electric Propulsion Systems (IMAJAHAC), Shore Power & Electrification Systems (Cold Ironing, Charging Interfaces) (IMAJAJAM), Marine Electrical Installation, Commissioning & Field Services (IMAJAJAL), Propulsion MRO, Spares & Field Service (Overhauls, retrofits, upgrades) (IMAJAHAN)

Keywords

• Maritime electrical systems
• Hybrid battery propulsion
• Switchboard production
• Shore power solutions
• Vessel automation systems

Headquarters

HQ city

Kolbeinsvik

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. System Integration Projects: Complete system deliveries including engineering, production, installation and commissioning of electrical systems for vessels. This is the primary revenue stream, serving as system integrator for maritime customers including hybrid and battery systems.
2. Panel/Table Production: Production of maritime main switchboards, distribution boards and electrical products. Includes AC tables, DC tables, converter tables, and other electromechanical products.
3. Electrical Service: Service and maintenance on electrical installations and panel systems for maritime, aquaculture and industrial customers. Includes emergency response for critical failures, table service and breaker service.
4. Landstrøm (Shore Power) Systems: Installation of shore power systems for vessels according to IEC 80005-3 standard. Delivered to approximately 100 vessels across various segments.
5. Hybrid Retrofit Solutions: Retrofit solutions for converting existing work boats to hybrid operation. Includes battery installation, PTI/PTO integration and energy management systems.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Austevoll Elektro is a maritime electrical system integrator and in-house manufacturer serving shipyards, vessel owners and aquaculture operators along the Norwegian coast. The company designs, builds, installs and commissions complete hybrid and battery propulsion packages, switchboards (AC, DC, converter, shore power), integrated automation systems, and provides 24/7 service and maintenance. Its core portfolio centers on the proprietary Batterator battery system, the Hybrid Retrofit PTI/PTO conversion, and the Integrated Automation System (IAS) covering alarm, power and energy management.

Product overview

Austevoll Elektro is a maritime electrical systems integrator offering a comprehensive portfolio of products and services for the aquaculture, shipping, fishing, and industrial sectors. The core product portfolio includes the proprietary Batterator battery system for hybrid and battery solutions, the Hybrid Retrofit solution for retrofitting existing work boats with battery capability, and maritime switchboard systems (main panels, DC panels, distribution panels). The company also delivers integrated automation systems (IAS), Power Management Systems (PMS), Energy Management Systems (EMS), maneuvering systems, and process control systems. Services include marine electrical installation and service, shore power systems, switchboard services, and solar cell installations for land-based applications. The offering is characterized by in-house production capability, complete system integration from engineering to commissioning, and a focus on hybrid and electrification solutions for vessels.

Differentiator

Problem solved

Functional benefit

Brands

• Batterator: Proprietary battery system developed by Austevoll Elektro for maritime battery and hybrid solutions.

Products and services

• Batterator Proprietary in-house battery system for maritime battery and hybrid solutions. Provides energy storage with integrated Energy Management System (EMS) and Power Management System (PMS) for optimal energy utilization on vessels and aquaculture installations. Sold as part of system integration deliveries.
• Hybrid Retrofit PTI/PTO conversion kit that integrates an electric motor/generator directly into the drivetrain of existing work boats, with battery storage, energy management system and screen-based interface. Allows vessels to switch between electric, hybrid or traditional diesel operation modes. Sold to vessel owners seeking fuel savings, reduced engine wear, lower noise and lower CO2 emissions.
• Maritime Switchboard Systems Complete in-house produced ship switchboard systems including AC main panels, DC panels (air and water-cooled), distribution panels, converter panels, emergency panels and shore-power cabinets. Engineered and built according to customer specifications and applicable class and authority requirements. Sold to shipyards and vessel owners.
• Integrated Automation System (IAS) Scalable alarm and control system providing full overview of vessel systems. Modules include Alarm Management System (AMS), Power Management System (PMS), Energy Management System (EMS), tank gauging and ballast control. Delivered to shipyards and vessel operators for newbuilds and refits.
• Shore Power Systems (Landstrøm) Turnkey shore power systems for existing vessels according to IEC 80005-3 standard, including main switchboard adaptation, connection cabinets, cable installation and synchronization between ship and shore. Delivered with a simplified price concept to ease customer contact, and supported by Enova subsidies up to 40% of documented costs. Delivered to approximately 100 vessels across multiple segments.
• Marine Electrical Service and Maintenance Full-service maritime electrical installation, service and maintenance for new and existing vessels. Covers electrical installation, troubleshooting and repair, switchboards and distribution, automation and testing. Available 24/7 for emergency response. Vessels are followed globally.
• Switchboard Services and Upgrades Regular maintenance for ship switchboards exposed to vibrations and environmental impacts. Includes inspection, service and testing of air circuit breakers (ABB, Schneider, Siemens), generator protection testing and panel rebuilding and upgrades.
• Solar Cell Systems Solar PV installations for residential and commercial buildings including houses, cabins and off-grid facilities with battery packages for energy storage. Approximately 30 such installations delivered in 2022, including cover of up to 60% of building electricity consumption.

Quantifiable outcome

• Reduce generator runtime by approximately 60%
• +3 more outcomes

Named customers15 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core, minor and major.

• Blue Ctrl AS (formerly Ulstein Blue Ctrl)coreTechnology or Integration · 1 May 2020Partnership agreement established for X-Connect platform delivery of alarm systems. This collaboration ensures customers receive alarm systems built on a solid and recognized automation platform. The partnership was established following successful projects and reflects the company's strategy to work with established technology partners.
• ProconectminorChannel Partner/ Reseller/ DistributorNorwegian dealer for Proconect, a French manufacturer of industrial plugs and contacts for various markets including land power applications. Proconect's contact materials meet requirements of international shore power standards. Most spare parts kept in stock for fast delivery.
• Fitjar Mekaniske VerkstedcoreStrategic or Co-development PartnerLong-term collaboration as system integrator for vessel newbuilds at Fitjar Mekaniske Verksted. Delivered system integration for multiple vessels including Bjarkøy class series. This partnership has produced multiple hybrid vessels for aquaculture customers with ongoing project collaboration.
• Sirius Design & IntegrationmajorStrategic or Co-development PartnerCollaboration as co-system integrators for FDA's newbuild anchor handler vessel at Zamakona Yards Bilbao, Spain. This is the first newbuild project collaboration with Sirius, who brings high expertise and solid experience. The partnership combines Austevoll Elektro's electrical systems expertise with Sirius's vessel design capabilities.
• Kvernenes BåtbyggeriminorImplementation/ SI/ Consulting PartnerShipyard partnership for Hybrid Retrofit installations. Thermo Service selected Kvernenes Båtbyggeri for installation of Hybrid Retrofit on MS 'Nuen'. The shipyard has collaborated with the owner group for over 25 years.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Corvus Energy: Canadian-Norwegian battery energy storage system supplier dedicated to maritime propulsion and hybrid vessels. While Austevoll Elektro integrates its own Batterator system, Corvus is the leading alternative ESS supplier for many of the same vessel customers (ferries, offshore, fishing).

Direct peers

• Cavotec Group: Supplier of shore power (shore-to-ship) connection systems and electrification hardware for ports and vessels. Directly comparable on the Landstrøm product line delivered to ~100 vessels, with overlapping presence in European ports and compliance with IEC 80005 standards.
• Brunvoll AS: Norwegian manufacturer of marine propulsion and manoeuvring systems including thrusters and integrated hybrid/electric driveline packages. Comparable in Norway-based maritime electrification focus and overlapping customer base in aquaculture, offshore and shipping.
• SEAM: Norwegian low- and zero-emission maritime technology provider that directly acquired Austevoll Elektro in Dec 2024 before itself being acquired by Hanwha Engine. Operates as a sister company within the same group, focusing on hybrid/electric propulsion retrofits and newbuilds for the Norwegian maritime market; highly comparable in product portfolio (battery hybrid systems, shore power, automation) and customer base.
• Norwegian Electric Systems (NES): Norwegian maritime electrical systems integrator offering hybrid and DC propulsion systems, switchboards, automation and Energy Management Systems to shipyards and vessel operators. Directly comparable on maritime switchboards, hybrid drives and IAS offerings, serving similar Norwegian and international shipyards.
• The Switch (Yaskawa Environmental Energy): Manufacturer of marine electrical drives, DC links, energy storage and power conversion products used in hybrid/electric vessels. Comparable technology stack (DC distribution, frequency converters, battery interfaces) overlapping with Austevoll Elektro's Combidrive/DC Solutions.

Broad incumbents

• ABB Marine & Ports: Global supplier of marine propulsion, automation, switchboards and Onboard DC Grid solutions. Historically connected to Austevoll Elektro through the 1990s "ABB Austevoll" era; offers broader portfolio but competes on hybrid newbuild electrical scopes.
• Kongsberg Maritime: Major Norwegian maritime technology incumbent offering integrated automation, propulsion, electrical and hybrid systems for global shipyards. While Austevoll Elektro operates at a smaller scope, Kongsberg's hybrid/electrical portfolio and shipyard relationships are direct competitive context.

Others

• Wärtsilä Marine:

Market position

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/austevollelektro
• LinkedInlinkedin.com/company/austevoll-elektro

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Austevoll Elektro