Wilhelmsen New Energy

Overview

Wilhelmsen New Energy is a subsidiary of Wilh. Wilhelmsen Holding ASA, focusing on investments in renewable energy and related technologies. The company aims to contribute to the energy infrastructure transition and be an active player in decarbonization. It seeks to develop companies within maritime services, shipping, logistics, and related infrastructure through active ownership, with a particular emphasis on renewable energy and decarbonization. The New Energy segment encompasses various companies, including NorSea, Edda Wind, Topeka, Massterly, Raa Labs, Reach Subsea, Elevon, and Konciv. These companies operate in sectors such as offshore wind, zero-emission shipping, autonomous vessels, subsea operations, and digital services. Wilhelmsen New Energy's strategy involves investing in new businesses with the long-term aim of shifting from mainly oil and gas-related activities to activities related to the renewable sector. In 2021, Wilhelmsen set up to USD 500 million investment ambition for renewables over the next five years. This initiative reflects the company's commitment to accelerating the transition of existing businesses and investing in new businesses within the renewable energy sector. The New Energy segment is headed by Jan Eyvin Wang, who is responsible for driving the company's investments and growth in this area.

Investment Focus

• Focus on renewable energy and decarbonization technologies
• Alignment with Wilhelmsen's strategic goals in maritime services and logistics
• Potential for long-term growth and value creation
• Sustainable and environmentally responsible operations
• Innovative solutions in energy transition and related sectors

Portfolio Companies