SUSTAINABLE ENERGY

Investors

Ocean Sun is a world leading technology provider to floating PV systems, enabling clean and affordable energy to secure energy independence.
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Investors Overview
Powering a Sustainable Tomorrow

Why Invest in Ocean Sun?

Ocean Sun is a leader in floating solar technology, offering a scalable, high-efficiency energy solution that is shaping the future of sustainable power.

Proprietary and Proven Technology
Our patented PV system offers lower CAPEX, higher efficiency and better seaworthiness than conventional FPV solutions. The technology has been demonstrated through 13 installations in 8 countries including projects with leading energy companies such as Statkraft, Acciona, and Scatec. Years of R&D, basin laboratory tests and modeling according to renowned standards sets us aside as a safe and robust solution in compliance with global safety standards.
Fast-Growing Market
Floating solar is expected to grow at over 40% annually, driven by land scarcity, falling PV costs, and increasing demand for clean energy. Ocean Sun’s solution is particularly well-suited for hydropower reservoirs and coastal applications—segments with high potential and limited competition.
Scalable and Asset-Light Business Model
We operate as a technology licensor, earning a fee per watt installed. This model enables high scalability, low project risk, and strong cash generation. Our systems are deployed by local partners using readily available materials, enabling global expansion at scale, while ensuring lean logistics and cost-effective execution.
Positioned for Future Growth
With a proven track record, growing project pipeline, maturing regulatory frameworks and a new management team with deep experience in solar and offshore industries, Ocean Sun is ready to scale. Our focus on Tier II markets—where our technology has a clear edge—positions us to capture significant market share and realize our vision of becoming the world leading technology provider to floating PV systems.

Highlights

Floating solar – the next wave of clean energy
Solar power is the most important and fastest-growing energy source globally, but its potential is limited by the vast amount of land it occupies —equivalent to more than 14 million football pitches to reach our 2030 climate goals. Worldwide, land is scares and in particular in dense urban regions like Singapore, São Paulo or Manilla. Hence, in most places were power is consumed, land is scarce and solar deployments comes in conflict with agriculture, forestry, or urban development.

Floating solar offers a compelling alternative. Nearly 70% of the world’s population lives within 150 km of a coast, and even more near lakes and reservoirs. These water surfaces represent a vast, underutilised opportunity to deploy clean, independent energy—close to where it’s needed most.
The Potential of hydropower
A particularly high potential lies in hydropower reservoirs and coastal sites—what we call the Tier II segment. Covering just 10% of the world’s hydropower reservoirs with floating solar could meet 80% of global solar needs. These sites already have grid infrastructure and benefit from solar-hydro synergies: reduced evaporation, seasonal balancing, and improved energy security.

For costal applications, the potential is unlimited and represent the only viable solution for renewable energy production in countries like Singapore, Caribbean islands and other island communities.
Technology That Enables the Potential
Most conventional floating solar systems are limited to wave heights below 1 meter—effectively excluding 90% of hydropower reservoirs and nearly all coastal sites. Ocean Sun’s patented solution unlocks this untapped market. Our system is designed to operate in wave conditions up to 5 meters, enabling cost-efficient deployment in more dynamic environments.

Inspired by Norway’s maritime engineering and fish farming heritage, our hydroelastic membrane platform is lightweight, robust, and scalable. It adapts to a wide range of site conditions—from calm inland waters to exposed coastal zones—while using less material and offering higher energy output. The technology is proprietary, verified in multiple basin laboratory tests, and the only FPV solution to receive a Statement of Conformity from DNVGL.
Becoming the Global Market Leader
Ocean Sun has a clear ambition: to capture 25% of the global floating solar market. It’s a bold target—but one grounded in a proven technology, a scalable business model, and a growing global footprint.

Operating as a technology provider, focusing on what we do best: designing and developing floating PV systems. Our partners—developers, IPPs, and EPCs—handle project development, construction, and operations. In return, we earn a transparent license fee per watt installed.

This asset-light model enables rapid global scaling with limited capital intensity and strong cash generation potential. It’s particularly well-suited for large, complex markets like India and China, where local execution is key and the need for reliable, high-performance technology is critical.

With a growing pipeline, installations across eight countries, and partnerships with leading players like Statkraft, Scatec, and Acciona, Ocean Sun is positioned to lead the next wave of clean energy—delivering both environmental and financial value.
Management
Kristian Tørvold

Kristian Tørvold

Chief Executive OfficerNo. Shares: 252,900 shares & 200,000 options

Kristian Tørvold was appointed CEO of Ocean Sun in 2024, bringing over 15 years of experience from the renewable energy and offshore industries across Northeast Asia. He has played a key role in expanding Ocean Sun’s presence in the region and previously served as Finance Manager at Modex Group. Kristian has also led international market expansion for several startups. He holds an MSc in Finance and Economics from Fudan University in China.

M.Sc. in Finance & Economics from Fudan University

Karl Lawenius

Chief Financial OfficerNo. Shares: 201,900 shares & 116,276 options

Karl Lawenius has served as Chief Financial Officer at Ocean Sun since 2020. He brings over ten years of experience in mergers and acquisitions and business development, working with growth companies both in consulting and corporate roles.

Master of Science in Industrial Engineering, Chalmers

Karl Lawenius
Carl Petter Lehne

Carl Petter Lehne

Chief Operating Officer No. Shares: 115,000 (Options)

Carl Petter Lehne joined Ocean Sun in 2024 as Chief Operating Officer. He brings extensive experience in managing complex infrastructure projects, having previously led the Industry and Infrastructure Group at Metier. He has also held key roles at Multiconsult. His expertise in project development and execution is instrumental in scaling Ocean Sun’s operations.

Civil Engineering with a specialization in Marine Technology and Geotechnical Engineering from the Technical University of Denmark (DTU).

Ole-Jørgen Myrtrøen

Chief Product Officer No. Shares: 115,000 (Options)

Ole‑Jørgen Myrtrøen joined Ocean Sun in 2026 as Chief Product Officer. He brings extensive experience from previous roles at Hydro Rein, Multiconsult, and Metier, where he worked on renewable energy and infrastructure projects.

Ole‑Jørgen Myrtrøen holds a PhD in Fluid Dynamics from Imperial College London and an MSc in Energy & Environmental Engineering from NTNU.

Ole-Jørgen Myrtrøen
Are Gløersen

Are Gløersen

Director South East Asia No. Shares: 200,660 shares & 130,758 options

Are Gløersen serves as Director South East Asia at Ocean Sun, where he leads the company’s operations and business development across the ASEAN region. He is responsible for pilot installations, regional partnerships, and supply chain development. Are brings extensive international experience from leadership roles in technology and engineering companies, including as CEO of Comlight AS and Director at Tronrud Engineering.

Master of Science in Astronautical Engineering, Narvik University College (NiH)

Board of Directors
May Kristin Salberg

May Kristin Salberg

ChairNo. Shares: 10,113

May Kristin Lein Salberg is the Chair of the Board at Ocean Sun AS. She brings extensive leadership experience from the food, IT, and transportation industries. From 2010 to 2023, she served as Director of Human Resources & Quality at Torghatten ASA. She has also held executive roles including CEO of Bastø Fosen AS and Vice Chair of Connect Bus Sørlandsruta AS. May Kristin has a strong background in ISO standards related to environment, information security, and quality management, as well as organizational development and business process improvement.

Quality Management from Norwegian University of Science and Technology (NTNU) and Accident Investigation at the University of Tromsø.

Kristin Åbyholm

Board member No. Shares: 12,000 Representing Kvantia (8,126,888) and Caaby (585,700 of which 50,000 are lent out)

Kristin Åbyholm is a board member of Ocean Sun. She is a seasoned executive with over 15 years of experience in IT and technology sectors, particularly working with Global 500 brands. Her current roles are as Director at Marketer Real Estate Technologies and board member at 1X Technologies, Ocean Sun, Heroic, and Removaid.

Master of Science in Computer Technology from the Norwegian University of Science and Technology (NTNU)
Executive Master of Management from the Norwegian Business School (BI)

Kristin Åbyholm
Trond Moengen

Trond Moengen

Board Member

Trond Moengen is a board member of Ocean Sun. He is Head of Energy and Society at Digital Norway since 2017. Extensive experience from research, energy authorities and national consulting within the energy sector, with a strong focus on research and strategy development on renewables (PV), hydrogen and zero emission transport in maritime. Management of larger multidisciplinary research programmes. Current and former positions as chairman and board member.

MSc in Computer and Electronics from the Norwegian University of Science and Technology (NTNU)

Tron Engebrethsen

Board Member

Tron Engebrethsen is a highly experienced executive in the energy sector, with a career spanning several decades and a strong international footprint. He was Senior Vice President at Statkraft from 1996 to 2021, except for four years when he served as Executive Vice President at SN Power. He spent 17 years as Director of Power Generation at Statkraft, overseeing operations, maintenance, and rehabilitation of generation facilities across Norway, Sweden, Finland, Germany, and the UK . His international Experience includes working extensively in the Philippines, India, Brazil, Peru, Chile, Turkey, and Albania. He oversaw major projects, including the construction of the Moglice Hydropower Plant (HPP) . He was a Board member and Chairman of the Board of Finnmark Energi AS, Board member of Trondheim Energi AS, he served in the Boards of KVO (Kraftverne i Orkla), Oslo Energi and several others. Tron is a Board member of TEJV in Chile and AGL in Georgia

MSc Computer Science and Electronics from the Norwegian University of Science and Technology (NTNU)

Tron Engebrethsen

Products

An Ocean Sun system consists of one or multiple floaters anchored side-by-side to build larger power plants. The anchoring system is designed to manage local water depth, wave, current, and wind conditions. The floaters are straight forward to tow.
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CUTTING-EDGE

Pioneering Floating Solar Worldwide

Ocean Sun's patented membrane technology has been proven in diverse conditions, from harsh North Sea waters to tropical reservoirs, setting new standards for floating solar durability and performance.

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MWh Produced
Ocean Sun systems generate clean energy across multiple installations, with projects ranging from 200kW pilots to multi-megawatt commercial deployments.
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Countries

From Norway's coastal waters to islands in the Maldives and Philippine reservoirs, Ocean Sun technology operates across diverse marine environments on multiple continents.
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tonnes of CO2 saved
Every Ocean Sun installation replaces fossil fuel generation, with our systems preventing thousands of tons of CO2 emissions by providing clean, renewable energy.

FAQ's

− How does the system perform in extreme weather?
+ How efficient is the system compared to land-based solar?
+ How long does the system last?

How does the system perform in extreme weather?

Ocean Sun systems are engineered to withstand wind speeds up to 275 km/h and are designed with mooring systems tailored to local conditions. The flexible membrane reduces wind drag and absorbs wave energy.

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Ready to unlock the energy potential of your waterbody? Whether you're exploring floating solar for the first time, assessing projects, or ready to deploy, let's discuss how Ocean Sun can transform your project.
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