Halvard Energy
Board · Q3 2027
·
01
/
07
Quarter
Q3 2027
Prepared by
Lena Voss, CFO
Status
Ahead of plan
Quarterly board update
Storage that
pays for itself
Q3 2027: three new sites live, margin above plan, and the first utility contract signed.
Halvard Energy
Board · Q3 2027
·
02
/
07
The quarter
Four numbers the board asked for
412
MWh deployed
up from 298 in Q2
$18M
Revenue
plan was $15.5M
31%
Gross margin
plan was 27%
97.6%
Fleet uptime
target 97%
Halvard Energy
Board · Q3 2027
·
03
/
07
Deployed capacity
Capacity
doubled
in four quarters
Every site goes live within 70 days of permit, half the industry's usual time.
MWh deployed
0
125
250
375
500
Q3 26
Q4 26
Q1 27
Q2 27
Q3 27
412
MWh, end of Q3
Commissioned capacity at quarter end
Halvard Energy
Board · Q3 2027
·
04
/
07
Where revenue came from
Grid services
overtook
energy trading
Grid services
47%
Energy trading
34%
Capacity payments
19%
$18M
Q3 revenue
Halvard Energy
Board · Q3 2027
·
05
/
07
Cost to build
Cost per MWh
fell 38%
Standard containers and one inverter supplier took most of the cost out.
0k
125k
250k
375k
500k
2024
2025
2026
2027
Installed cost per MWh, $ thousands
Halvard Energy
Board · Q3 2027
·
06
/
07
Decision for the board
Approve
$22M
to start the Nordhavn site in Q1, ahead of the 2028 capacity auction.
Investment case in appendix B
Halvard Energy
Board · Q3 2027
·
07
/
07
Next update
Q4 board,
12 January
lena@halvard.example