See our showcase of innovative projects and entrepreneurs who are shaping the Blue Economy.
Projects consist of innovative, scalable and sustainable business ventures from traditional and emerging sectors of the maritime economy.
The graphs below provide an overview of the country distribution, sector, and TRL of projects currently listed in the BlueInvest Project Pipeline.
Selection Criteria:
Your company is EU-based or from an eligible sea basin region (Georgia, Turkey, Ukraine, Moldova, Montenegro, Albania, Bosnia-Herzegovina, North Macedonia, Serbia, Turkey, Israel, Egypt, Tunisia, Algeria, Morocco, Lebanon, Syria, Libya, Mauritania, United Kingdom, or Norway)
Your project TRL is 4 or higher
Your project sector is in one of the 10 blue economy sectors identified for this initiative
Your solution has a clear sustainable impact on the blue economy
Your project is looking for investment
Country in which the project is being developed and / or implemented.
Main blue economy sector the project relates to.
Current technology readiness level of the project.
Excess Engineering AS
-Ove Kalvatn, CEO and founder, is an entrepreneur with decades of experience in the industry, co-founder of two companies, covering areas such as mechanical products, electrification and automation both onshore and offshore, subsea products, business development, project management, patenting, fabrication, testing, and operations. Kalvatn has been serving as the CEO of Excess Engineering since 2011. From 2018 to 2020, Kalvatn was the Equipment Manager at Apply, managing equipment and overseeing the delivery of a wide range of products. From 2009 to 2018, he worked as a System Engineer/Project Manager at Island Offshore, where he was involved in developing new concepts and qualifying new technologies for subsea/offshore applications. From 2001 to 2009, Ove served as Technical/Project Manager in three well-known companies, focusing on innovative projects, developing new concepts, and implementing new technologies in the subsea/offshore sector. He received an M.Sc. in Mechanical Engineering from the University of Stavanger.
-Ole Gabriel Kverneland, co-founder and board member, is a multi-entrepreneur with expertise in business development, encompassing a diverse range of areas including sales, supply chain management, and product development. He holds a B.Sc. in Mechanical Engineering from the University of Leeds and an M.Sc. in Engineering Business Management from the University of Warwick, UK.
Specializing in hoist and handling equipment, Kverneland's expertise spans a broad range of in-house engineering disciplines, including production and testing. His technical abilities extend to hydraulic, electric, and pneumatic winches and reels. Kverneland’s proficiency is not limited to mechanical design; he is also adept in structural calculation, hydraulic design, electro/instrument design, and control system design, showcasing a versatile and comprehensive skill set in mechanical engineering and management.
Kverneland has been serving as the CEO of Kverneland Aqua since 2006, and is also the co-founder of three other successful companies.
The primary objective of our project is to address a critical bottleneck in the industries’ shift toward electrification: The inefficiency of hydraulic systems particularly in electrically powered machinery. Despite advancements in electric motor and battery technology, the persistence of traditional hydraulic systems significantly undermines overall efficiency. In an electric-powered machine, the role of the hydraulic system becomes crucial because it's responsible for nearly two-thirds of the energy losses.
At present solutions to lift, pull and push with strong force (above 10 tons) are hydraulic systems, where at high pressure oil is used to control the machinery. This has several challenges: 1. There is a significant loss in efficiency; 2. Control of the machinery is not immediate, as control goes through oil pressure, that is a challenge in some applications requiring precision. 3. There are many moving parts and oil flows that require maintenance. 4. Need for several hundred liters of oil in the hydraulic system, that also needs maintenance and replacement.
Our project aims to replace these outdated hydraulic systems with advanced electromechanical solutions, specifically designed for heavy-duty applications such as heavy machinery, marine, subsea and offshore. Our innovative electric actuator is capable of handling heavy loads up to 100 tons, with a stroke up to 3 meters. These electric actuators excel in handling heavy loads while maintaining a compact design comparable in size to existing hydraulic systems.
Due to the unique features of our solution, it can replace hydraulic systems in heavy-duty applications, resulting in energy savings and substantial reductions in GHG emissions. Additionally, it prevents hydraulic oil leakage, which is a significant threat to marine/aquaculture environments.
Our system combines three elements, that put together are unique:
- An all-electric system, hydraulic-free alternative for heavy-duty applications
- High push, pull and lift capacity with a long stroke (up to 3 m) in a small envelope
- Highly efficient with improved precision