Vow ASA: NOK 500 million newbuild contract confirmed

Oslo, 31 January 2025: Vow ASA (ticker OSE: VOW) and its subsidiary Scanship has received the purchase orders confirming the contract to deliver advanced equipment to three cruise ships currently under order at an unnamed shipyard in Europe.

The total value of the order, which was first mentioned by Vow in a stock market announcement on 3 December 2024, is approximately NOK 500 million.

"This contract confirms the trend among cruise operators to advance even more sustainable solutions. For these three ships, we will deliver pyrolysis technology, wastewater purification systems and solutions that valorise waste and generate renewable energy onboard, resulting in zero discharge to sea, recovery of valuable resources from waste and reduced carbon footprint," said Henrik Badin, CEO of Vow ASA.

The names of the yard and ultimate owner of the vessels will remain undisclosed at this stage. 

For more information, please contact

Henrik Badin, CEO, Vow ASA
Tel: + 47 90 78 98 25
Email: henrik.badin@vowasa.com

Tina Tønnessen, CFO, Vow ASA
Tel: +47 406 39 556
Email: tina.tonnessen@vowasa.com

About Vow

Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about preventing pollution. The company's world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries.

Advanced technologies and solutions from Vow enable industry decarbonisation and material recovery. Biomass, sewage sludge, plastic waste and end-of-life tyres can be converted into clean energy, low carbon fuels and renewable carbon that replace natural gas, petroleum products and fossil carbon. The solutions are scalable, standardised, patented, and thoroughly documented, and the company's capability to deliver is well proven.

The company is a cruise market leader in wastewater purification and valorisation of waste. It provides technology and solutions which enable industries to transition towards a fossil-free future by converting biomass and waste into valuable resources and clean energy. The company also has strong niche positions in food safety and robotics, and in heat-intensive industries with a strong decarbonising agenda.

Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker VOW).

\Hugin