HAV Group

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.

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

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

• Maritime green technology
• Ship design services
• Electric propulsion systems
• Hydrogen energy systems
• Ballast water treatment

Headquarters

HQ city

Fosnavåg

HQ country

Norway

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales

Revenue model

1. 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.
2. Systems Integration Services: Complete energy design, smart control systems integration, and commissioning for vessels. Role as system integrator covering power systems, automation, and navigation.
3. Water Treatment Systems: Ballast water treatment systems and process water treatment for aquaculture. Product sales with installation support and aftermarket service.
4. Hydrogen Energy Systems: ZEPOD hydrogen fuel cell systems for vessels, including development and commercial delivery. Emerging revenue stream with Enova funding support.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core 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

Named customers14 records

Segments6 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

15 partnerships are on record, tiered core and minor.

• HYDROGENi CentrecoreStrategic or Co-development Partner · 6 October 2022FME for hydrogen and ammonia research with NOK 530 million budget. HAV Hydrogen participant. Eight-year research programme coordinated by SINTEF.
• NorthWind Research CentrecoreStrategic or Co-development Partner · 17 June 2021FME (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 AuthoritycoreOthersGranted preliminary approval for HAV Hydrogen's below-deck hydrogen-based energy system developed in FreeCO2ast project. Regulatory partnership enabling commercial hydrogen deployment.
• DNVcoreOthersClassification society that granted Approval in Principle for ZEPOD containerized hydrogen system and type approval for RAVEN INS integrated navigation system.
• US Coast Guard (USCG)coreOthersUS regulatory body that certified Norwegian Greentech's ballast water treatment system. Enables access to US waters and Jones Act vessel market.
• SINTEF OceancoreStrategic or Co-development PartnerResearch partner in FreeCO2ast hydrogen project. Contributes expertise in hydrogen safety and maritime applications. Part of Norwegian research ecosystem.
• Norwegian HydrogencoreStrategic or Co-development PartnerHydrogen fuel supplier for Maris Fiducia dry-bulk vessels. Partnership ensures green hydrogen supply for five hydrogen-powered ships. Part of ZEPOD ecosystem.
• Fincantieri Bay ShipbuildingcoreImplementation/ SI/ Consulting PartnerUS shipyard constructing SOV for CREST/Crowley Coastal Virginia Offshore Wind project. HAV Design contracted directly with shipyard for vessel design.
• Cemre ShipyardcoreImplementation/ SI/ Consulting PartnerTurkish shipyard building Scandlines zero emission ferry and GC Rieber Windkeeper SOVs. NES supplies complete energy systems for vessels built at this yard.
• ØrstedcoreOthersOffshore wind developer. HAV Design developing SOV for Ørsted's UK East Regional programme including Horn Sea Two Offshore Wind Farm.
• Dominion EnergycoreOthersUS 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)minorStrategic or Co-development PartnerUniversity partnership for talent attraction. 50 NTNU students visited HAV Group. Students write thesis with company. Part of HAV Academy student programmes.
• Maris Fiducia NorwaycoreStrategic or Co-development PartnerNorwegian operation of Dutch shipowner Maris Fiducia. Partner for five hydrogen-powered dry-bulk vessels. HAV Hydrogen supplying ZEPOD systems. Enova funded project.
• Schulte & BrunsminorOthersCommercial partner for zero-emission time charter. Will operate hydrogen-powered bulk carriers under commercial contract proving feasibility of hydrogen technologies.
• GC Rieber ShippingcoreOthersShipowner 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

Direct 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

• LinkedInlinkedin.com/company/hav-group-asa

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about HAV Group