Grieg New Energy, part of the Grieg Maritime Group, is among investors joining Norwegian marine battery developer Nereida’s shareholder base.
Nereida offers battery solutions for a broad range of vessels, from offshore to ferries, with a proprietary control system and software platform that provides a novel layer on top of the battery systems.
Geir Bjørkeli, CEO Nereida Energy, said: “Batteries have gradually become off-the-shelf products, so it is through the control and management system itself that the greatest efficiency gains can be achieved. In practice, we are developing the brain and nervous system of the battery packs and delivering this as a complete solution, in line with maritime requirements, to shipowners, yards, and ship designers.”
Nereida’s system is designed for safe, stable, and efficient use of stored energy by continuously monitoring battery condition, handling data collection and processing, optimising the vessel’s battery system’s operation, and safeguarding both operational safety and cybersecurity. Nereida was established in 2025 by a group of industry specialists with several decades of experience in developing and implementing maritime electrification solutions. A group of strong industrial and financial investors, including Grieg New Energy, Nysnø, Eviny, and Westfal-Larsen, is now entering the company’s shareholder base through a NOK 32m private placement.
The growth capital will be used to strengthen the organisation, further develop Nereida’s battery and energy storage solutions, and support targeted strategic initiatives to strengthen the company’s product platform.
Bjørkeli said: “We are very pleased to have such a competent and long-term investor group with us. They provide not only capital, but also strategic support and access to strong industrial environments. We are seeing significant interest in the market, and this capital enables us to capitalise on these opportunities.”
Vidar Lundberg, CEO Grieg New Energy, added: “Nereida combines solid industrial experience with a scalable and competitive technology platform. The company is well positioned in a market that is expected to grow significantly in the coming years, driven by increased electrification and stricter climate requirements in the maritime sector.”
According to DNV’s Maritime Forecast to 2050, the rollout of maritime electrification solutions is expected to accelerate significantly in the years ahead. The fleet of vessels using alternative energy solutions, including battery and hybrid solutions, is estimated to nearly double from 2024 to 2028 based on today’s order intake. At the same time, DNV emphasises that this is the beginning of a long-term structural shift in which electrification, energy efficiency, and low-emission solutions will together play an increasingly important role, driven by both regulation and the need to cut emissions.
Lundberg concluded: “For us, this is an investment with clear commercial potential and an important contribution to the development of more energy-efficient and sustainable maritime operations globally.”
Image: Vidar Lundberg, MD Grieg New Energy (source: Grieg Maritime Group)
