Vow ASA: Order Intake Confirms Growing Demand for Renewable Energy Solutions

Vow ASA (OSE: VOW) subsidiary C.H. Evensen Industriovner (C.H. Evensen) continues to gain ground in a growing market for electrification of heat treatment processes. Of seven significant contracts awarded since summer, six are for industrial customers in Europe and one in the US.

The most recent contract for a customer in Belgium is valued at NOK 12 million. The total value of the seven contracts amounts to NOK 35 million. Other European countries served include Greece, Germany, Romania, Norway and Sweden.

"We continue to see strong and increasing demand for our solutions as companies in various heat-intensive industries are transitioning from fossil to renewable fuels. In the corresponding period last year, our order intake was around NOK 20 million, and bidding activity remains high," said Henrik Wulff, managing director of C.H. Evensen.

C.H. Evensen is part of Vow's Industrial solutions segment.