The Norwegian shipyard Brødrene Aa is on the brink of financial collapse, threatening 170 jobs.

The company has faced setbacks in delivering three hybrid-electric ferries to Norled, a ferry operator.

The first vessel failed to meet speed requirements, leading Norled to cancel its contract and demand repayment of advances.

The remaining two contracts are also at risk.

Brødrene Aa has one month to find alternative buyers or financing to avoid bankruptcy.

The shipyard, a cornerstone of the Hyen community, is exploring solutions with banks and potential clients.

Experts suggest that the technology for green ferries may not yet be ready for widespread use, complicating the industry's transition to eco-friendly transport.