Market Opportunities IN Houston Maritime Ken Huste, IN Houston ÅKP seminar, Ålesund 2019 www.innovasjonnorge.no

Washington State Ferries Fleet Electrification The 2040 Plan Aging infrastructure Overburdened fleet Increased demand 13 total to be replaced 16 new vessels expected 5 newbuilds contracted (Olympic class) 50% to be built in a PNW yard Terminal modifications WSF operates the largest ferry system in the world. 24.5 million passengers in 2017, expected growth to 32 million by 2040. Growth plan expected to give ferries a lifespan of 50-60 years Currently contracted 5 newbuilds electric hybrid Olympic Class (likely 7 years construction) Long term goal, 10 more vessels Terminal needs: Paint, charging infrastructure, technical needs, fare structure and collection modules www.innovasjonnorge.no

Fishing Vessels Renewing the Fleet Most vessels 40+ years old Financing challenges New Design/Technologies Federal Government has offered some financing opportunities, which should help this get off the ground. www.innovasjonnorge.no

Offshore Wind The New Adventure New vessels needed Installation vessels (purpose built) Not US Built (too expensive) SOV Vessels DP2/DP3 Very high tech Crew Boats 20-27m long Catamaran hauls Insulation vessels. There are no Jones Act vessels in existence at this point Previously used Fred Olsen vessels, which was not an easy task as they could not dock in a US port. www.innovasjonnorge.no

Maritime, Past Projects 2018 www.innovasjonnorge.no

Maritime, Current Projects www.innovasjonnorge.no

Thank you! Ken.Huste@innovationnorway.no +1 713-997-9897 www.innovasjonnorge.no