Eqva : Fossberg Kraft - Company presentation

The green shift

A part of Eqva

Clean Energy Production: Hydropower generates electricity by harnessing the energy of flowing water, and therefore, it produces no direct emissions of greenhouse gases during the actual production process.

Low Carbon Footprint: Although there are some environmental impacts associated with the construction of dams and reservoirs, hydropower projects generally have a lower carbon footprint compared to fossil fuels like coal and oil.

Predictable and Reliable: Hydropower is a reliable and predictable source of energy. It can be adjusted quickly according to demand, and it also provides storage capacity in the form of water reservoirs.

Long Lifespan: Hydropower plants often have a long lifespan, providing a reliable energy supply over several decades.

Renewable Resource: Water is a renewable resource, and as long as sustainable management practices are followed, hydropower can be a long-term and sustainable source of energy.

Small-scale hydropower which do not involve regulation/damming of rivers result in fewer disruptions in nature, and are as such even more environmentally friendly than other types of hydropower

Lauvstad

Kvæve- bekken

Skjeggfoss

Haugsvær

• Production phase
• Annual production: 5.6 GWh
• Production phase
• Construction recently completed
• Annual production: 5.4 GWh
• Project approved by UK partner
• Construction started Q1 2023
• Annual production: 5.6 GWh
• Project approved by UK partner
• Construction started in Q3 2023
• Annual production: 4.6 GWh

Continue close collaboration with key partner, Downing

Downing is committed to invest in renewable energy and is a strong financial partner for Fossberg Kraft.

With the "take-off" agreement, Downing buys the finished plant for a price agreed before construction starts. The project is fully financed by a prepayment from Downing and construction loan. Fossberg Kraft profits off the project margin. After the plant is sold, Fossberg Kraft receives a management fee from Downing on a monthly basis for operational services.

Develop projects or purchase plants to own and produce

With or without new strategic partners, Fossberg Kraft is positioned to develop projects or purchase plants to own for long term value creation.

If the plant is owned by Fossberg Kraft, the company runs maintenance and operations internally, and income is determined by production volume and price agreements.

Explore potential within other types of renewable energy sources

There is significant potential related to solar power. Fossberg Kraft is actively pursuing such opportunities and has agreed with a landowner to assess development of a ~1 MW plant.

The company is also assessing the opportunity to use solar power to increase production at existing hydropower plants and upcoming development projects. Improved resource utilization is achieved by using the same core infrastructure.