Aker Horizons invests in and develops companies within green energy and green industry to accelerate the transition to net zero emissions. The company’s core areas comprise renewable energy, carbon capture and clean hydrogen.
Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway.
Aker’s ownership agenda
Aker Horizons shall continue to be a driver for decarbonization and environmental improvements through its portfolio companies, as well as continuing its focus on systematic sustainability efforts. The ambition is to create a platform for long-term value creation, with Aker Horizons leveraging technologies, industrial expertise and industrial software in Aker-owned companies as well as other strategic partners. Aker Horizons invests in renewable energy companies and companies which develop technology and industrial solutions that significantly reduce emissions or promote sustainable solutions.
Aker owns 67.25 of the shares in Aker Horizons. Øyvind Eriksen represents Aker on Aker Horizons’ Board of Directors.
Investments
Aker Horizons’ portfolio comprises Aker Carbon Capture (43.3 percent ownership), Mainstream Renewable Power (58.4 percent ownership), Aker Horizons Asset Development (100 percent ownership), and SuperNode (50 percent ownership.
Aker Carbon Capture: Making carbon capture happen
Aker Carbon Capture is a pure-play carbon capture company serving a range of industries with carbon emissions, including the cement, bio and waste-to-energy, gas-to-power and blue hydrogen segments. Aker Carbon Capture’s proprietary and field-proven carbon capture technology offers modular and configurable capture units for reducing and removing CO₂ emissions. The company builds on more than 20 years of carbon capture technology development and operational facility experience as part of the Aker group.
The major commercial breakthrough for the company was the framework agreement with the HeidelbergCement/Norcem facility in Breivik, Norway, that has set its goal for yearly reduction of CO2 emissions to 400 000 tonnes. Today, Aker Carbon Capture has a total of seven carbon capture units under development, including at Ørsted’s Kalundborg hub in Denmark and at Twence in the Netherlands.
In March 2024, Aker Carbon Capture and SLB announced an agreement to combine their respective carbon capture businesses to support accelerated industrial decarbonization at scale. The transaction builds on the long-standing collaboration between the Aker group and SLB. Aker Carbon Capture will own 20 percent of the combined business, and SLB will own 80 percent. The transaction is subject to regulatory approvals and is expected to close by end of the second quarter 2024. Click here for more details about the joint venture: Aker Carbon Capture Announces Agreement to form Joint Venture with SLB – Aker Carbon Capture.
Aker Carbon Capture is listed on the Oslo Stock Exchange.
In March 2024, Aker Carbon Capture announced agreement to form a joint venture with SLB. The new company will combine technology portfolios, expertise and operations platforms to bring carbon capture solutions to market, faster and more economically.
Mainstream Renewable Power: Creating a renewable energy major
Mainstream Renewable Power is a pure-play renewable energy company with a global footprint and a proven track record in onshore and offshore wind and solar power generation across Europe, South America, Africa, and Asia-Pacific. With a mission to lead the global transition to renewable energy, it has a project portfolio of over 20 GW and 1.3 GW either in operation or under construction, at the close of 2023.
In May 2021, Aker Horizons acquired a majority stake in Mainstream and, in April 2022, Japan-based Mitsui & Co., Ltd. joined Aker Horizons as a long-term strategic investor.
The company's growth trajectory and offshore wind ambition accelerated in 2022 with the integration of Aker Offshore Wind, combining world-class development and industrialization capabilities through the Aker group of companies with Mainstream's strong development and execution track record. Mainstream is currently developing a net capacity of 1.5 GW of floating offshore wind in Scotland and South Korea, and 1.3 GW of fixed bottom offshore wind in Vietnam.
Aker Horizons Asset Development: Green industry
Aker Horizons’ wholly-owned asset development arm was established following the merger between Aker Horizons and Aker Clean Hydrogen in June 2022. The business unit is set up to originate, develop, own and operate industrial-scale hydrogen projects to meet growing demand for decarbonizing energy-intensive, hard-to-abate industries such as shipping, steel and fertilizers. Initial focus areas include green ammonia, green methanol and green iron.
CLICK HERE TO LEARN MORE ABOUT AKER HORIZONS ASSET DEVELOPMENT
