HAV Group
HAV Group ASA is a Norway-listed maritime green-technology holding company that designs and delivers zero and low-emission vessels, energy and propulsion systems (battery, hybrid, hydrogen), integrated navigation and water-treatment solutions to shipowners, operators and shipyards globally.
- Company typePublic
- Founded2021
- HeadquartersFosnavåg, Norway
- Headcount101–250
- GTM typeB2B
- OfferingServices
What HAV Group does
HAV Group ASA is a Norway-based, Euronext Growth-listed (HAV) holding company that delivers green-transition technology and services to the global maritime industry through four wholly owned subsidiaries: HAV Design (zero and low-emission ship design with 100+ designs delivered), Norwegian Electric Systems/NES (energy design, electric and hybrid propulsion, automation and NavCom), HAV Hydrogen (ZEPOD and FreeCO2ast hydrogen energy systems for vessels), and Norwegian Greentech/NGT (ballast water and aquaculture water treatment, ~700 systems installed). Revenue is generated primarily through multi-year, contract-based equipment and design packages (with disclosed individual contract values around NOK 100-200M) sold via direct enterprise sales to ship owners, operators and yards, plus system-integration services spanning battery packages, charging infrastructure (e.g., 12-minute full-charge shore charging), navigation (RAVEN INS), DC power distribution (Quadro Master, Odin`s Eye), water treatment and hydrogen systems.
The technology stack covers the full energy chain on a vessel — from grid/charging through battery and hydrogen storage to propellers — with proprietary innovations such as the world's largest ferry battery (10 MWh on Scandlines), the world's first type-approved fully integrated bridge (RAVEN INS), DNV-approved containerized hydrogen (ZEPOD), and a marine-class DC-ring switchboard (Quadro Master). Customer base spans Norwegian and international ferry operators (Fjord1, Scandlines, Havila Voyages), offshore wind vessel owners (Ørsted/ESVAGT, CREST/Crowley, Ørsted SOVs), offshore vessel operators (Volstad Maritime, Tidewater, Rem Offshore, Gearbulk), aquaculture (AquaShip/Intership, Misje Rederi), and Arctic shipping (Royal Arctic Line), alongside institutional backing from Enova (NOK 300M hydrogen vessel programme) and an ownership base of public shareholders.
In Q1 2026 the group reported revenue of NOK 233.1M (+58% year-on-year) and EBITDA of NOK 11.8M (5.1% margin, up from 0.3%), against an order backlog of NOK 1,058M; full-year 2025 results are published in the integrated annual report. Operations are concentrated in Fosnavåg (HQ, HAV Design, NGT), Bergen (NES HQ), Ålesund and Egersund, with NES Turkey supporting Cemre Shipyard and additional international reach into Denmark, Germany, Greenland, and the United States via the Fincantieri Bay Shipbuilding SOV contract.
HAV Group firmographics
Firmographics- Name
- HAV Group
- Legal name
- HAV Group ASA
- Website
- https://havgroup.no
- Company type
- Public
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- HAV Group ASA is a Norway-listed maritime green-technology holding company that designs and delivers zero and low-emission vessels, energy and propulsion systems (battery, hybrid, hydrogen), integrated navigation and water-treatment solutions to shipowners, operators and shipyards globally.
- Ownership category
- akta.pro rank
HAV Group industry classification
Industry- Product category
- Marine Engineering & Green Technology Solutions
- NAICS
- Ship and Boat Building (3366), Ship Building and Repairing (336611)
- SIC
- Misc Industrial & Commercial Machinery & Equipment (3590)
- akta.pro primary industry
- Life-Saving Appliances & Safety Equipment (Davit Systems, Lifeboats, Firefighting) (IMAJAIAG)
Keywords
Where HAV Group is headquartered
LocationHeadquarters
- HQ city
- Fosnavåg
- HQ country
- Norway
- HQ region
- Europe
Offices5 records
Markets served
HAV Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales
Revenue model
- Vessel Design and Equipment Sales: Design fees and equipment packages for newbuild vessels and retrofits. Includes ship design, battery systems, navigation systems, charging infrastructure. Revenue recognized over project duration with milestone payments.
- Systems Integration Services: Complete energy design, smart control systems integration, and commissioning for vessels. Role as system integrator covering power systems, automation, and navigation.
- Water Treatment Systems: Ballast water treatment systems and process water treatment for aquaculture. Product sales with installation support and aftermarket service.
- Hydrogen Energy Systems: ZEPOD hydrogen fuel cell systems for vessels, including development and commercial delivery. Emerging revenue stream with Enova funding support.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | NES Scandlines ferry contract value approximately NOK 100 million |
| One time/ perpetual license | Multi-year contract | HAV Design Ørsted SOV contract approximately NOK 200 million |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
HAV Group product offering
Product offeringCore offering
HAV Group is a maritime green technology company that delivers integrated solutions for vessel decarbonization, including ship design and engineering, hybrid and electric propulsion systems, hydrogen-based energy systems, ballast water treatment, and navigation/automation systems. Its offerings are organized through four operating subsidiaries (HAV Design, Norwegian Electric Systems, HAV Hydrogen, and Norwegian Greentech) and sold primarily as project-based technology packages to shipyards and ship owners.
Product overview
HAV Group ASA is an international provider of technology and services for maritime and marine industries, organized as a platform company with four main business divisions: HAV Design (innovative ship design for zero and low-emission vessels), Norwegian Electric Systems (energy design, electric propulsion, automation, and NavCom systems), HAV Hydrogen (zero-emission hydrogen-based energy systems), and Norwegian Greentech (ballast water and process water treatment systems). The company's proprietary technologies include the RAVEN INS integrated navigation system, Quadro Master DC switchboard, Odin`s Eye DC-ring configuration system, ZEPOD containerized hydrogen energy system, and various battery/energy storage solutions. HAV Group also operates HAV Academy for employee development and utilizes HAV Ocean Lab for virtual design testing. The divisions collaborate on integrated projects such as the Havila Kystruten coastal cruise vessels that combine ship design, battery systems, hydrogen readiness, and water treatment.
Differentiator
Problem solved
Functional benefit
Brands
- Zero Emission Pod (ZEPOD): A module containing a complete hydrogen energy system for ships, delivered by HAV Hydrogen
- RAVEN INS
- HAV Ocean Lab
- HAV Academy
- Quest
- Quadro Master
- Odin’s Eye
Products and services
- Ship design services (HAV Design) Concept, basic, and detailed ship design services for low-emission and specialized vessel segments — including offshore wind vessels, ferries, fishing, and small commercial ships — delivered to shipyards and vessel owners.
- Hybrid and electric propulsion systems (NES) Integrated hybrid and full-electric propulsion packages for ferries, offshore vessels, and small commercial ships — including batteries, power conversion, and DC-grid integration — sold as engineered packages to shipyards and operators.
- ZEPOD energy storage system Standalone energy storage / battery platform used in marine hybrid and electric propulsion installations to enable peak shaving, spinning reserve, and zero-emission operation.
- Quadro Master DC grid / hybrid system DC-grid hybrid propulsion system for marine vessels that integrates multiple energy sources (diesel, batteries, fuel cells) for fuel-efficient and lower-emission operation.
- RAVEN INS / integrated navigation and DP system Type-approved integrated navigation system (INS) and dynamic positioning (DP) suite for commercial vessels and offshore operations, providing bridge automation and position-keeping capability.
- Hydrogen energy systems (HAV Hydrogen) Engineering, integration, and supply of hydrogen-based energy systems for maritime and industrial applications, including fuel-cell propulsion and hydrogen storage solutions.
- Odin’s Eye hydrogen fuel cell / energy system Hydrogen fuel-cell based energy system product within HAV Hydrogen’s portfolio, used in zero-emission vessel and industrial pilot projects.
- Ballast water treatment systems (NGT) IMO type-approved ballast water management systems (BWMS) for newbuilds and retrofits on commercial vessels, sold to shipowners globally to comply with the IMO BWM Convention.
- Water purification systems (NGT) Marine and industrial water purification systems, extending NGT’s environmental water-treatment capability beyond ballast water.
Quantifiable outcome
- Up to 20% diesel consumption reduction with DP2 dynamic positioning using hybrid battery systems
- +5 more outcomes
Companies that use HAV Group
Customer profileNamed customers14 records
Segments6 records
Ideal customer profiles1 record
HAV Group technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature10 records
HAV Group partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and minor.
- HYDROGENi CentrecoreFME for hydrogen and ammonia research with NOK 530 million budget. HAV Hydrogen participant. Eight-year research programme coordinated by SINTEF.
- NorthWind Research CentrecoreFME (Research centres for Environment-friendly Energy) with 50+ partners. SINTEF-led offshore wind research. HAV Design participant contributing to offshore wind vessel development.
- Norwegian Maritime AuthoritycoreGranted preliminary approval for HAV Hydrogen's below-deck hydrogen-based energy system developed in FreeCO2ast project. Regulatory partnership enabling commercial hydrogen deployment.
- DNVcoreClassification society that granted Approval in Principle for ZEPOD containerized hydrogen system and type approval for RAVEN INS integrated navigation system.
- US Coast Guard (USCG)coreUS regulatory body that certified Norwegian Greentech's ballast water treatment system. Enables access to US waters and Jones Act vessel market.
- SINTEF OceancoreResearch partner in FreeCO2ast hydrogen project. Contributes expertise in hydrogen safety and maritime applications. Part of Norwegian research ecosystem.
- Norwegian HydrogencoreHydrogen fuel supplier for Maris Fiducia dry-bulk vessels. Partnership ensures green hydrogen supply for five hydrogen-powered ships. Part of ZEPOD ecosystem.
- Fincantieri Bay ShipbuildingcoreUS shipyard constructing SOV for CREST/Crowley Coastal Virginia Offshore Wind project. HAV Design contracted directly with shipyard for vessel design.
- Cemre ShipyardcoreTurkish shipyard building Scandlines zero emission ferry and GC Rieber Windkeeper SOVs. NES supplies complete energy systems for vessels built at this yard.
- ØrstedcoreOffshore wind developer. HAV Design developing SOV for Ørsted's UK East Regional programme including Horn Sea Two Offshore Wind Farm.
- Dominion EnergycoreUS energy company operating Coastal Virginia Offshore Wind project. SOV developed by HAV Design will service this 2.6 GW project upon completion.
- NTNU (Norwegian University of Science and Technology)minorUniversity partnership for talent attraction. 50 NTNU students visited HAV Group. Students write thesis with company. Part of HAV Academy student programmes.
- Maris Fiducia NorwaycoreNorwegian operation of Dutch shipowner Maris Fiducia. Partner for five hydrogen-powered dry-bulk vessels. HAV Hydrogen supplying ZEPOD systems. Enova funded project.
- Schulte & BrunsminorCommercial partner for zero-emission time charter. Will operate hydrogen-powered bulk carriers under commercial contract proving feasibility of hydrogen technologies.
- GC Rieber ShippingcoreShipowner for Windkeeper SOV vessels. NES delivering energy design for twin-hull SWATH vessels for offshore wind service.
Scale indicators11 records
Recent moves6 records
Expansion highlights7 records
HAV Group competitors and assessment
Company assessmentDirect peers
- Optimarin: Norwegian-headquartered competitor in the ballast water treatment market with USCG type approval. Direct competitor to Norwegian Greentech in the same regulatory-approved BWTS segment.
- Vard: Norwegian shipbuilder (part of Fincantieri) specializing in offshore and specialized vessels, including SOVs and ferries. Comparable to HAV Design's ship design and offshore wind SOV design work, and an indirect channel partner through Fincantieri Bay Shipbuilding.
- Wärtsilä: One of the largest marine technology companies globally, supplying engines, hybrid propulsion, energy storage, and integrated vessel systems. Directly comparable to HAV Group's NES energy design, hybrid/battery systems, and integrated bridge offerings across ferry and offshore segments.
- Cavotec: Supplier of shore power, charging, and connection solutions for ports and vessels, including automated mooring and ferry charging. Closely comparable to NES's onshore ferry charging systems and the Quest battery charger product line.
- Ecochlor: Provider of ballast water treatment systems with IMO and USCG approvals. Most directly comparable to Norwegian Greentech's IMO/USCG-approved BWTS business.
- Kongsberg Maritime: Supplier of integrated navigation, automation, dynamic positioning, and vessel control systems. Overlaps directly with HAV Group's RAVEN INS integrated navigation, NES automation, and Undheim DP capabilities.
- Corvus Energy: Specialist in marine battery energy storage systems used for hybrid and fully electric vessels. Directly comparable to NES battery packages delivered across ferries, offshore vessels, and coastal cruise ships.
Emerging players
- Leclanché: Swiss provider of lithium-ion battery systems with marine applications including fully electric ferries. Comparable to NES marine battery systems though smaller and more focused on early-stage electrification programs.
Broad incumbents
- Alfa Laval: Major supplier of marine equipment including heat exchangers, separation, and increasingly environmental/energy solutions (PureBallast, FCM methanol fuel). Comparable to Norwegian Greentech's ballast water treatment and broader HAV Group marine equipment integration work.
- ABB Marine & Ports: Supplies electric propulsion, power distribution, and automation solutions for vessels as part of its larger industrial portfolio. Comparable to HAV Group's electric propulsion, Quadro Master DC switchboards, and Odin’s Eye DC-ring offerings, but with a broader non-marine business base.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
HAV Group social profiles
Digital presenceHAV Group compliance and trust
Trust signalCompliance5 records
HAV Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
HAV Group leadership team
Management profileNumber of profiles
Profiles8 records
HAV Group subsidiaries and ownership
Company hierarchySubsidiaries5 records
HAV Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HAV Group M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HAV Group
What does HAV Group do?
HAV Group is a maritime green technology company that delivers integrated solutions for vessel decarbonization, including ship design and engineering, hybrid and electric propulsion systems, hydrogen-based energy systems, ballast water treatment, and navigation/automation systems. Its offerings are organized through four operating subsidiaries (HAV Design, Norwegian Electric Systems, HAV Hydrogen, and Norwegian Greentech) and sold primarily as project-based technology packages to shipyards and ship owners.
Is HAV Group a public or private company?
HAV Group is a public company. It is classified as public and is currently operating.
When was HAV Group founded?
HAV Group was founded in 2021. It employs 101 to 250 people.
Where is HAV Group based?
HAV Group is headquartered in Fosnavåg, Norway, in the Europe region.
How does HAV Group make money?
Four revenue lines are on record. Vessel Design and Equipment Sales are the primary driver. The others are systems Integration Services, water Treatment Systems and hydrogen Energy Systems.
Who are HAV Group's main competitors?
Direct peers on record are Optimarin, Vard, Wärtsilä, Cavotec, Ecochlor, Kongsberg Maritime and Corvus Energy. Leclanché is listed as an emerging player. Broad incumbents are Alfa Laval and ABB Marine & Ports.
Does HAV Group have an API?
No public API is recorded for HAV Group.
What industry is HAV Group in?
HAV Group's product category is Marine Engineering & Green Technology Solutions. Its primary akta.pro industry code is IMAJAIAG, Life-Saving Appliances & Safety Equipment (Davit Systems, Lifeboats, Firefighting). Its NAICS code is 3366 and its SIC code is 3590.