Green 
leadership

Capital raising in collaboration with Folkeinvest – opening soon

The energy company Inseanergy is growing rapidly. We develop and deliver green energy systems based on solar, wind and hydrogen. The technology is scalable, mobile and leaves no permanent traces in nature. Billion market nationally and globally.

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Our ambitions

For eksisterende og nye oppdrettslokasjoner til sjøs og på land – nasjonalt og internasjonalt – er det et stort potensial for nye utslippsfrie energiløsninger.

Vår forretningsmodell vil over tid være en kombinasjon mellom leveranser av produkter og service knyttet til utslippsfrie energiløsninger – direkte til kunde eller via industrielle partnere (fase 1) – og Power-as-a-Service der vår inntektsstrøm er basert på leverte kWh (fase 2).

Vi vil etter hvert utrede muligheter for å tilby energi til andre deler av verdikjeden som brønnbåter og servicefartøy, samt gjøre oppdrettsanlegg selvforsynt også med andre innsatsfaktorer som oksygen, ferskvann og varme (fase 3).

SUB Solar

Phase 1 →

Inseanergy Clean Hybrid

Phase 2 →

Inseanergy Clean Vision

Phase 3 →

Through a planned transformation, we will be applying known and accepted technology in new and unique ways. The aim is to develop and deliver zero-emission systems which can make a large proportion of sea- and land-based fish farms – both in Norway and internationally – self-sufficient in energy.

We will deliver green energy to a rapidly growing aquaculture sector. In collaboration with Norwegian fish farmers and technology providers, we are developing circular zero-emission solutions.

Norway has the world’s largest output of farmed fish. Given today’s open cage-based technology, only a limited number of sites where natural conditions permit efficient salmon production in the sea are available globally.

Other major farmed-salmon producers are Chile, the UK, Canada and the Faroes. Norwegian farmers occupy a strong position in the global salmon industry, and are also trendsetters in the above-mentioned countries.

Our planned transformation and international expansion will be pursued in cooperation with fish farmers who operate both in Norway and elsewhere.

Norway’s fish farming sector extends along the whole Norwegian coast and covers more than 1 000 sea-based localities. The industry has strong growth ambitions for the coming decade, and both activity and the number of sites are set to grow. At the same time, its pressure on the surrounding environment will increase. This means that ever-tougher environmental standards will be set by government, consumers and the industry itself.

Energy consumption varies widely between fish farms, depending on their location, type of feeding equipment, level of other technology, and the extent of energy-saving measures already implemented. Average energy consumption for a fish farm is nevertheless between 200 000 and 450 000 kWh per annum.

Norway’s aquaculture industry is well under way in seeking to reduce its emissions, and more than half the operational fish farms have already been connected to the onshore power grid.

However, that option is confined to facilities located close to the existing electricity grid and with an acceptable cost/benefit relationship in terms of distances. New farms are moving towards the open sea or to more remote fjord areas, which creates entirely different requirements for new energy solutions.

A strong geographical concentration of fish farms increases the risk of disease outbreaks. Regulatory restrictions are generally imposed on the basis of assessments covering the industry’s environmental footprint or the lack of suitable production areas.

Our solution is therefore particularly appropriate for fish farms both in the sea and on land in regions which are short of electricity and other input factors, such as fresh water and oxygen, and in areas vulnerable to emissions/discharges.

Floating solar power farms will supply the aquaculture sector with green energy throughout the year

This solution benefits the environment by reducing CO2 emissions, and provides opportunities for battery-charging and hydrogen production.

Pilot installation at Hofseth

As part of our development of the Inseanergy Hybrid solution, we installed a solar power facility in the autumn of 2020 for the Hofseth Aqua fish farm at Opshaugvik in Stranda municipality, Norway. The winter months are being used to determine how wind and weather affect the solar panels.

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Green leadership

We aim to deliver green energy to the aquaculture sector with the aid of floating solar panels attached to recycled fish-cage float rings.

Over the next few years, in collaboration with our customers and expertise network, we will be developing and installing zero-emission systems which make fish farms self-sufficient in energy.

We are taking a green leadership together with the aquaculture sector, in terms of both transitioning to a circular economy and limiting climate emissions.

Zero emissions
By providing big cuts in emissions and eventually reducing them to zero, our solution will help to limit global warming.

We are developing a system of floating solar panels which generates emission-free energy for fish-farm operation. The long-term goal is to create a self-contained renewable energy system for an aquaculture industry enjoying strong global growth.

This solution will be particularly suitable for fish farms in regions with limited electricity supplies or which are vulnerable to emissions.

In the longer term, we will also explore opportunities for creating self-sufficiency with other input factors, such as oxygen, heat and fresh water, and for supplying energy to other parts of the value chain – such as well boats and service vessels.

Reusing fish-cage float rings
Scarcity of resources increases the need to extend the useful life of products and to reduce over-utilisation of materials, which often end up in the sea and threaten vulnerable ecosystems.

Surplus fish cages have an environmental value and are a profitable green source for the aquaculture industry. In Norway alone, more than 1 000 cage float rings with a circumference of 120 metres are due to be replaced over the next few years. In addition, several cages, regardless of circumference, will be replaced.

Scrapping such rings currently represents a cost for fish farmers. We are making provision for using them as a resource – and as a platform for floating solar power generation.

Partnership

We comprise a commercial core team which will develop our business model and a broader industrial partnership, which possesses unique expertise and which will help to continue developing our innovative energy solutions.

Our attention is heavily focused on creating value for our customers in the aquaculture sector. We therefore give great emphasis to developing solutions which are based on customer requirements at the various fish-farm sites in Norway and internationally.

Collectively, we comprise a broad-based expertise network which extends from aquaculture to the maritime, energy and hydrogen sectors.

Our business model will be developed over time in line with the rapid development of new renewable energy solutions in the ocean industries.

An increased willingness now exists to work together in new partnerships with a high content of matured solutions. That allows us to choose between different suppliers, reduces the risk of bottlenecks or loose threads, and increases opportunities to involve forward-thinking partners in the next phases.

Contact

CEO

Kari-Elin Korsnes Hildre

kekh@inseanergy.no

+47 932 63 208

Gründer & Business Development Executive

Jan Erik Våge Klepp

jevk@inseanergy.no

+47 986 96 040

CSO

Egil Hjelmeland

egil.hjelmeland@inseanergy.no

+47 991 07 065

CFO

Per Einar Storhaug

pes@inseanergy.no

+47 901 42 677

CTO

Erik Rongved

er@inseanergy.no

+47 416 46 787