Araverus
NewsMarketsResearch
News
HeadlinesThreadsAtlas
© 2026 Araverus
AboutContactPrivacyTerms

Araverus does not provide financial, investment, or trading advice. All content is for informational purposes only. Full disclaimer

  1. News
  2. /
  3. Markets
  4. /
  5. Business

Norway Orders 20 Candela Electric Hydrofoil Ferries

Araverus Team|Thursday, April 9, 2026 at 7:19 AM

Norway Orders 20 Candela Electric Hydrofoil Ferries

Araverus Team

Apr 9, 2026 · 7:19 AM

Candela · Electric Ferries · Hydrofoil · Norway Transport

CandelaElectric FerriesHydrofoilNorway Transport

Key Takeaway

This landmark order means Candela solidifies its leadership in electric hydrofoil technology, signaling robust growth for the specialized maritime EV sector. It means accelerated electrification for coastal transport infrastructure, impacting traditional ferry operators and boosting demand for advanced battery and charging solutions.

Norway's transport operator Boreal AS placed an order for 20 Candela P-12 electric hydrofoil ferries, marking the largest deployment of its kind to date and significantly advancing electric maritime transport in the region.

The P-12 ferries address the challenge of electrifying high-speed routes in Norway's fjords by reducing energy consumption by approximately 80% compared to traditional vessels, achieved by lifting the hull out of the water using computer-controlled carbon fiber hydrofoils. This efficiency allows for a 40 nautical mile range at 25 knots with 25 passengers, directly competing with diesel-powered "hurtigbåtar." Crucially, the P-12 recharges in about an hour using standard DC fast chargers, circumventing the need for megawatt-scale charging infrastructure.

The first two vessels arrive in 2027, with the full fleet deployed by 2030. This large-scale order signals a significant shift towards high-efficiency electric ferries in major transit systems, with Norway serving as a critical proving ground for global expansion.

Read More On

Candela Receives Order For 20 Hydrofoiling Electric Ferrieswsj.comFoiled again: Candela raises another $20M to set course for the future of ferries - TechCrunchtechcrunch.comNorway just ordered 20 ‘flying’ electric ferries in historic deal - Electrekelectrek.coCandela’s hydrofoil electric boats get $20 million financial boost - Offshore-Energy.bizoffshore-energy.bizEQT-backed electric boat maker Candela secures major order in Norway - marketscreener.commarketscreener.com

Related Articles

World★★★Similarity: 59% · 11h ago

A Prospectus for the ‘Tehran Toll Booth’ IPO

I’m taking a break from my regular column to explore a lucrative (and not totally imaginary) business opportunity from Iran that is part of the 10-point peace plan.

Tech★★★Similarity: 58% · 10h ago

Inside the Race to Protect Submarine Cables From Sabotage

The U.S. and allies are turning to tech, patrols and new routes to defend crucial underwater data infrastructure against Russia and China.

Markets★★★Similarity: 57% · 1d ago

CK Hutchison Starts Arbitration Against Maersk Over Panama Ports

Hong Kong conglomerate CK Hutchison has started arbitration against A.P. Moeller-Maersk after Panama seized its port assets in the country.

Markets★★Similarity: 57% · 2d ago

U.S. Natural Gas Edges Up in Rangebound Trade

U.S. natural gas futures settled fractionally higher with mild spring “shoulder season” weather keeping a lid on demand.