Making sustainability profitable

Salmon Evolution ASA is a Norwegian land-based salmon farming company targeting a leading global position in the production of high-quality salmon. We will achieve that by promoting a culture where profitability and sustainability reinforce each other. Salmon Evolution is listed on the Oslo Stock Exchange (OSE) under the ticker “SALME”

Extending the ocean potential™

Salmon Evolution aims to be a game changer in the aquaculture industry, targeting a global production capacity of 100 000 tonnes of head-on-gutted (HOG) salmon on land.

Our company is extending the ocean’s potential by transferring the best preconditions offered by the sea to farm fish on land through our chosen hybrid flow-through technology. This provides a truly sustainable production process with controlled and optimal growth conditions, while limiting operational and biological risk.

Optimal risk/cost balance 

Salmon Evolution’s choice of technology offers what we find is the best combination of risk, Capex and cost profile for salmon farming on land. A controlled production environment, combined with minimal handling of the fish, improves the growth rate as well as salmon health.

Reusing water eliminates the need for cost-driving biofilters and thereby reduces the space required, which cuts capital costs compared with other land-based aquaculture solutions. 

The energy system, which is designed to maintain a water temperature of 14°C in the first production phase and 12°C in the last, has a very high performance in relation to the energy consumed. It ensures high and stable temperatures, which contribute to increased growth. 

In Salmon Evolution we find that our choice of HFS technology provides substantially lower operational risk than other land-based technology alternatives. A steady supply of large quantities of fresh seawater ensures an optimal cost/risk balance and optimal water quality, which contributes to superior salmon quality.

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Investment highlights

  • A game changer in the aquaculture industry, aiming to be a beacon for sustainable business.
  • Fully operational facility at Indre Harøy with industrial scale.
  • Highly competent team backed by strong industrial owners.
  • Pioneering the hybrid flow-through system (HFS), creating optimal growth conditions for salmon in a controlled environment on land.
  • In-house smolt facility for optimal value-chain.
  • Clear roadmap to 100 000  tonnes.
  • Joint Venture with seafood giant Dongwon Industries for a 16 800 tonnes Head-On-Gutted (HOG) production facility in South Korea.
Salmon swimming in tank. Photo


Annual General Meeting

Salmon Evolution Annual General meeting was held digitally 5 June 2024 at 10:00 (CEST).


Financial calendar


Half-yearly Report

Quarterly Report – Q3

Trond Haakon Schaug-Pedersen. Photo

Trond Håkon Schaug-Pettersen​
Mobile: +47 911 91 327

Trond Vadset Veibust. Salmon Evolution. Photo

Trond Vadset Veibust
Mobile: +47 480 90 595