The agreement includes an initial collaboration phase focused on defining project scope, technical solutions, execution model and construction cost estimates. This phase will form the basis for Salfjord’s FID. In parallel, Artec Aqua Vaq and its sister company Totalbetong AS will commence front‑end engineering design (FEED) for the first build‑out phase, targeted for completion by Q3 2026.

Turnkey execution model reduces development and delivery risk
Subject to a positive FID, Artec Aqua Vaq will act as turnkey supplier, delivering full design, engineering, construction and commissioning of the facility. Totalbetong will serve as construction and civil works contractor.

The facility will be based on Artec Aqua Vaq’s proven hybrid land‑based farming technology, offering high operational robustness, strong biosecurity and scalable performance. Artec Aqua Vaq has the most extensive track record in hybrid system design and delivery, a key driver behind Salfjord’s partner selection.

Secured license, power and infrastructure underpin investment case
Salfjord holds a license allowing for up to 43,000 tonnes of live Atlantic salmon per year (approx. 36,500 tonnes HOG or 500 000 salmon meals a day) as well as 30 million smolt. Necessary electrical capacity is secured, with grid connection and transformation infrastructure planned to be ready by May 2028.

Endúr invests in Salfjord
As part of the project’s further development during the construction phase, Salfjord and Endúr have entered into an agreement whereby Endúr will invest in the project, subject to certain conditions.

This structure facilitates a close alignment between industrial execution and capital participation, significantly reducing risks related to delivery, counterparty, and financing for all parties involved.

Scalable industrial platform with expansion optionality
The Tjeldbergodden Oceanfront farm is a phased, scalable industrial platform, designed to support increased production volumes over time. Successful execution of the first phase positions Salfjord for additional build‑out phases and further expansion, including at Salfjord II – Hyttneset, also located in Aure.

Biology first
“The choice of hybrid technology is key in our biology‑first strategy, giving fish health and biological condition top priority. It enables high operational  flexibility while safeguarding fish welfare across all production stages, including post‑smolt, where we also see opportunities to support improved welfare and productivity in conventional sea‑based farming,” says Robin Fladseth, COO of Salfjord.

With licensed capacity, secured power, a derisked turnkey execution model and aligned industrial and capital partners, Salfjord is positioning itself to deliver a large‑scale, capital‑efficient and biology‑optimized land‑based salmon farming platform with long‑term growth opportunities.