Eidesvik Offshore ASA announces zero emission shipping solution

Reference is made to the stock exchange release January 20, 2020, wherein Eidesvik Offshore ASA (“Eidesvik”) announced it had been awarded a 5-year contract for Viking Energy from Equinor Energy AS (“Equinor”).

Viking Energy will be part of a full scale research program using fuel cell technology in combination with ammonia aiming for a zero emission propulsion solution.

Equinor and Eidesvik are the main pillars in an industry cooperation together with Wartsila Norway AS, Wartsila Gas Solutions AS, Prototech AS and NCE Maritime Clean Tech.

The five year research project receives support from EU and aims to have 2MW fuel cell capacity installed onboard Viking Energy in 2024.

In a statement, Jan Fredrik Meling, CEO of Eidesvik Offshore ASA said, “In our continuous pursuit for zero emission shipping solutions we are excited to announce the start of yet another long term cooperation with Equinor to achieve this. This is a proud day for all in Eidesvik, and we are pleased to see that our track record of developing environmentally friendly shipping solutions over the previous decades makes us the preferred partner for our clients in such an advanced and future oriented project.”

A press conference will be taking place onboard the PSV Viking Energy in Bergen on January 23 at 10.00 AM. The press release published by Eidesvik in connection with this press conference has been attached to this stock exchange notice.

Bømlo, January 23, 2020

Jan Fredrik Meling, CEO, phone no: +47 91 67 51 19
Tore Byberg, CFO, phone no: +47 47 50 90 12

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.