Fearnley Securities

Seaway 7 is a specialized provider of offshore renewable energy solutions, focusing primarily on fixed offshore wind projects. The company offers a comprehensive range of services, including the installation, repair, and maintenance of submarine cables, as well as the installation of wind turbine foundations and offshore substations. Its capabilities extend to engineering, purchasing, cable trenching, route engineering, and dive support, ensuring safe and reliable operations in challenging marine environments. Seaway 7 operates in various geographical regions, including the United Kingdom, Netherlands, Taiwan, Germany, Norway, and the United States, serving markets such as offshore wind, marine energy, utilities, oil, and gas. Through its expertise, Seaway 7 aims to enhance the operability and safety of offshore operations, particularly during adverse weather conditions.

SeaBird Exploration Plc is a company that specializes in providing marine 2D and 3D seismic data services for the oil and gas industry. Established in 2000 and headquartered in Limassol, Cyprus, it has been an active participant in the seismic market since 1996. The company offers a comprehensive range of services, including 2D and 3D seismic acquisition and shallow water surveys, as well as the operation of source vessels. SeaBird also provides various services such as conventional undershoot surveys, 4D repeat surveys, and both long-term and spot vessel charters. With a focus on customer satisfaction and a commitment to quality, health, safety, and environmental standards, SeaBird Exploration operates in multiple regions, including Europe, Africa, the Middle East, North and South America, and the Asia Pacific.

Northern Ocean Ltd. is an offshore contract drilling services provider for the oil and gas industry, established in 2017 and headquartered in Hamilton, Bermuda. The company operates independently from Northern Drilling Ltd. since February 2020. Northern Ocean specializes in deploying offshore drilling rigs designed to endure harsh environmental conditions. Their drilling units incorporate green energy technologies, emphasizing safety and environmental responsibility. The company invests in fuel-efficient power generation strategies and hybrid integrated battery systems, effectively reducing nitrogen oxides and carbon dioxide emissions, which enhances the environmental sustainability of their operations.

Scana offers electrification and emission reduction solutions to decarbonize the maritime and offshore sectors. Throughout a number of offshore industry categories, they offer goods, services, and upgrades to essential equipment.

Horisont Energi AS is an independent energy company focused on the development of blue hydrogen and blue ammonia, along with providing carbon storage solutions. The company transforms gas, water, and renewable energy into clean ammonia and hydrogen while also offering CO2 transportation and storage services through its proprietary technology. Key projects include Barents Blue, Gismarvik CO2 terminal, and Polaris. Horisont Energi emphasizes fairness in its business practices, promoting open competition among suppliers and striving for value in its operations.

BioFish is based on the filosophy of circular economy and sustainable fish farming. BioFish is a producer of smolt located in Hardanger at the Norwegian west coast. It produce smolt with RAS technology.

Advent Technologies Holdings is an innovation-driven company specializing in fuel cell and hydrogen technology. It develops, manufactures, and assembles complete fuel cell systems along with critical components essential for the performance of these systems. Advent's technology facilitates the conversion of various fuels, such as methanol, natural gas, and biomass, into electricity, eliminating the reliance on hydrogen infrastructure. The company serves multiple industries, including automotive, aviation, and power generation. Revenue is generated through the sale of fuel cell systems and the provision of membrane electrode assemblies, membranes, and electrodes for specific applications within the fuel cell and energy storage markets.

Saga Pure is a holding company based in Norway, primarily engaged in investments related to sustainability and various industries, including energy and real estate. The company operates through two main segments: Investments, which focuses on managing and investing in diverse business ventures, and Other, which offers consulting services from internal industry specialists. Saga Pure leverages its capital, expertise, and network to support the development of effective programs and initiatives, positioning itself as a significant player in promoting sustainable business practices.

TECO 2030 ASA is an engineering and equipment development company based in Lysaker, Norway, focused on the maritime industry. Established in 2019, the company specializes in developing technologies that promote marine emission reduction. Its key offerings include the TECO Marine Fuel Cell, a modular hydrogen proton exchange membrane fuel cell system designed for heavy-duty marine applications, and the TECO Ballast Water Treatment System, which prevents the spread of invasive species. Additionally, TECO 2030 presents the Smart Exhaust Gas Cleaning System for particulate matter collection. The company's innovative Zero Emissions Operation Concept allows ships to operate emissions-free by integrating its fuel cell technology. TECO 2030's solutions cater to various global markets, primarily in Europe, the United States, South America, and Asia, with a significant focus on delivering hydrogen fuel cell stacks ranging from 400 kW to 25 MW to accommodate different engine sizes.

The Metals Company is a deep-sea minerals exploration firm that specializes in the collection, processing, and refining of polymetallic nodules located on the seafloor within the Clarion Clipperton Zone (CCZ) in international waters. The CCZ is a vast geological area in the Eastern Pacific Ocean, characterized by its unique submarine formations. The company is committed to supporting clean energy and electric vehicle initiatives by providing battery materials that can be continuously recovered and reused. The Metals Company operates in several regions, including Nauru, Singapore, Tonga, and North America, positioning itself strategically in the global market for sustainable resource extraction.