SOLUTION / PUBLIC SOURCE RECORD

Wavefoil is reducing fuel consumption with retractable bow foils

Source modified 21 Sep 2026·1 min read

From the public capture. Detailed factual notes from Business Norway. Statements and figures reflect the source at the time of capture.

  • Published 18 October 2022; updated 21 September 2026; estimated reading time 2 minutes. Marked available; listed under Maritime.
  • Wavefoil’s patent-pending bow-foil module is designed to retract vertically into a ship’s hull and deploy in a combined vertical and rotational motion. This allows installation near the bow, where the company says it can dampen pitch motion and reduce wave-related resistance. Foils are made of strong, flexible fibreglass to tolerate impact loads in heavy seas.
  • The company claims fuel-consumption and vessel-motion reductions of up to 15%; for high-speed ships it claims motion reductions up to 30%. It also says the system can reduce hull vibration and support higher speeds using less energy. These are vendor-reported maximums without test conditions in the article.
  • The system is described as suitable for many vessel types, particularly 20–200 m vessels operating in wave-rich areas; it can be fitted to newbuilds or retrofitted. The first Wavefoil module was installed on a commercial passenger vessel in September 2019.
  • A 2018 Wavefoil estimate put the annual retractable-foil market at up to NOK 3 billion (then roughly USD 328 million); this is a historical company estimate.
  • Listed company: WAVEFOIL AS, NMK, Borgundvegen 340, 6009 Ålesund, Norway; wavefoil.com. No named contact appears in the page snapshot.
+END OF CAPTURED RECORDContinue at the original source
STAY CURIOUS. LOOK NORTH.

Good ideas travel.

Explore the collection
SEARCH BUSINESS NORWAY
Search full research reports, companies, technologies and ideas.