NES wins superyacht contract

By Jack Burke10 March 2023

Norwegian company sees growth potential in global yacht segment

Norwegian Electric Systems AS (NES) has been awarded a contract to provide equipment deliveries and system integration services in connection with the upgrade of an undisclosed superyacht.

The 59-m expedition superyacht will undergo an extensive upgrade to meet today’s demands for comfort, environmental performance, safety, and operating performance. As part of this refurbishment, the vessel’s engine and propulsion system will be upgraded with the latest technology.

NES, a total system supplier and system integrator of hybrid and electric propulsion systems, navigation, and automation systems, will, under the contract, deliver permanent magnet motors, two motors for main propulsion and one motor for the bow thruster. NES will also supply AC switchboards, frequency drive propulsion converters, thruster controls and ADF filters. NES will also prepare the vessel for the future installation of an energy storage system.

NES will deliver the equipment to the undisclosed customer’s chosen shipyard during 2023 and support with commissioning in late 2023 or early 2024.

“The global yacht fleet consists of close to 10 000 vessels. Many of those are equipped with engine and propulsion systems from previous generations. Modern technologies benefit from being highly flexible, which allows shipowners to cost-effectively upgrade vessels to today’s environmental and fuel consumption standards and the financial benefits this brings. NES expects to play a growing role in the yacht upgrade market in the coming years,” says Oddvar Sandtorv, sales manager at NES.

NES will manage the project from its headquarters in Bergen, Norway.

“We continue to navigate the aftermath of the pandemic. Therefore, the timing of this contract is ideal, as it provides valuable activity for us in the current year and going forward. This contract is an excellent opportunity to leverage our extensive experience and cutting-edge technological solutions to serve new clients,” says Managing Director Siv Remøy-Vangen.

NES is a subsidiary of HAV Group ASA, which is listed on Euronext Growth Oslo. In addition to its headquarters in Bergen, Norway, NES has operations in Egersund and Ålesund in Norway, and Istanbul, Turkey.

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