Innovasea strengthens partnership with Mowi amid technological and sustainability goals

NORWAY – Innovasea, a global provider of advanced aquaculture and fish tracking technology, has renewed its global framework agreement with Mowi, the largest salmon farming company in the world. 

This arrangement designates Innovasea as the preferred supplier of environmental monitoring systems and software across all Mowi facilities.

The renewed agreement builds on a long-standing collaboration, with Innovasea’s monitoring systems already operational at several Mowi sites. 

Additional locations will adopt the technology as part of Mowi’s “4.0 Smart Farming” initiative, which focuses on data-driven farming techniques.

Innovasea’s Realfish Pro platform provides real-time data on critical environmental factors such as dissolved oxygen levels, salinity, and temperature. 

Operators can access this information via a centralized dashboard, receive immediate alerts if water quality deteriorates, and take action even remotely.

Mowi plans to integrate more sensors and monitoring tools to gain precise insights into farm conditions, potentially optimizing operations across individual pens. 

The firm is targeting a 20% increase in annual harvest while reducing operational costs amid growing demand for salmon, challenges from disease, and the impact of sea lice.

On its capital markets day, Mowi outlined its goal of saving US$437 million over five years through advanced technologies such as automation, digital tools, and robotics. 

The company has already achieved US$341 million in cost reductions since 2021, including US$230 million from farming operations.

Separately, Innovasea is expanding into Iceland with its land-based aquaculture systems. 

Thor Salmon, based in South Iceland, is installing three of Innovasea’s Gas Management Towers at its smolt production facility. 

These systems are designed to lower energy use by up to 77% compared to conventional methods while combining oxygenation and degassing into a compact unit.

Mowi reported US$1.49 billion in revenue for Q2 2024, a 2% decline from the previous year. 

Operating earnings before interest and tax fell 23% year-over-year, reaching US$255.1 million.

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