About Seagust

By utilizing offshore wind resources in the North Sea, Seagust will develop more renewable energy and build a stronger Norwegian supplier industry. Seagust believes that a strong home market is key in the development of Norwegian technology and competence, which could later be exported.

Access to offshore and wind competence, and also to substantial financial capacity, provides Seagust with a unique starting point for developing new renewable energy in the ocean space.

The European Union estimates that 450 GW offshore wind must be installed globally by 2050 in order to reach the goals in The Paris Agreement. This is up from 30 GW at the end of 2020.

Robust owners

Ferd and Arendals Fossekompani are two large, Norwegian industrial investments companies, with a clear green profile and a track record for developing Norwegian industrial companies through long-term and stabile ownership.

Industrial experience

Representing the best of the Norwegian industry sector, Seagust has a very relevant network of companies.

Aibel, a portfolio company of Ferd, is a world-leader within offshore installations and has played a key role in the development of Equinor's Hywind projects and new concepts for high voltage infrastructure in the North Sea.

Wind Catching Systems, another Ferd company, is specialized in the development of new solutions for floating wind.

Power market insight

Seagust builds on the competence of Volue, an Arendals Fossekompani portfolio company.

Volue is a technology provider with unique insight into the European power market and state-of-the-art tools for analyses and power trading. This enables a financial sustainable transition from fossile fuels to renewable energy sources.

Experienced management

Our CEO Simen Elvestad has extensive management experience from the development of offshore wind projects, such as Dudgeon, Sheringham Shoal and Dogger Bank - the world's largest offshore wind project.


SeaGust AS
c/o Arendals Fossekompani ASA
Langbryggen 9,
4841 Arendal

Simen Elvestad
Phone: (+47) 900 84 902
E-mail: post@seagust.no