Aker Horizons: Reducing emissions, creating values

Aker Horizons develops green industrial projects and technologies that accelerate the net zero transition. The company holds assets across renewable energy and carbon capture, and develops green industrial hubs that combine low-cost renewable energy with hydrogen production and downstream applications. As part of the Aker group and its 180-year industrial heritage, Aker Horizons applies industrial, technological and capital markets expertise to solve fundamental challenges to sustainable existence.

Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Through its portfolio companies, Aker Horizons employs over 1,200 people across 18 countries and five continents.

Listed:
Oslo Stock Exchange
Geographical market:
International
CEO:
Kristian Røkke
Sector:
Renewable energy and decarbonisation
Chair:
Øyvind Eriksen
Category:
Green technology
Share of Aker's total assets (2Q22):
9.1%
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Aker’s ownership agenda

Aker owns 67.25 per cent of the shares in Aker Horizons. It is an Aker-controlled investment company that exercises active ownership through start-ups, mergers, acquisitions and the development of companies in the fields of renewable energy and green technologies. Its ambition is to be a driving force for decarbonisation and environmental improvements through companies that develop and deliver industrial solutions. The goal is to build a platform for long-term value creation, where Aker Horizons can benefit from technologies, industrial expertise and industrial software in Aker-owned companies.

Aker Horizons sets the strategic direction and has the financial strength, capital market competence and capacity to achieve its goals. Each of the companies in Aker Horizons’ portfolio will strive to create value in cooperation with Aker, Aker-owned companies and other elements in the supply chain.

Øyvind Eriksen and Kjell Inge Røkke represent Aker on Aker Horizons’ board of directors.

A leading planet-positive investment company
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Aker Offshore Wind: floating offshore wind for a sustainable future

Aker Offshore Wind is an offshore wind park and technology solution developer. The company draws on several decades of development of offshore energy projects, in addition to its ownership share in the wind technology company Principle Power.

Aker Offshore Wind participates in the development of wind farms in deep water, both as an operator and part owner – comparable to an offshore wind industry version of Aker BP. The company has unique expertise within offshore engineering, technologies and installations, and project management. Aker Offshore Wind’s portfolio consists of development projects and prospects in Asia, North America and Europe.

The company is listed on Euronext Growth.

Click here to read more about Aker Offshore Wind

Aker Offshore Wind and Statkraft explore opportunities

Aker Offshore Wind and Aker Horizons have entered into a cooperation agreement with Statkraft to explore possibilities for collaboration on offshore wind power projects on the Norwegian Continental Shelf.

The companies will work together to explore the possibility to develop and operate large-scale offshore wind parks in Norway.

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Aker Carbon Capture: A commercial breakthrough for carbon capture

Aker Carbon Capture is a dedicated carbon capture company with solutions, services and technologies for handling CO2 challenges. The company builds on more than 20 years of carbon capture technology development and operational facility experience as part of the Aker Group.

The carbon capture technology has successfully been tested at the Norwegian Technology Centre Mongstad, and at waste-to-energy, cement facilities, refineries and coal power plants. This represents commercial opportunities, and the major breakthrough was the framework agreement with the HeidelbergCement/Norcem facility in Breivik, Norway, that has a set its goal for yearly reduction of CO2 emissions to 400 000 tonnnes, comparable to the emissions from 200 000 fossil cars per year.

The company is listed on Euronext Growth.

CLICK HERE TO READ MORE ABOUT AKER CARBON CAPTURE.

Mainstream Renwable Power: Creating a renawable energy major

In 2021, Aker Horizons agreed to acquire 75% of Mainstream Renewable Power, a leading independent renewable energy company within onshore and offshore wind and solar. Through the acquisition, Aker Horizons will gain a platform to drive forward its renwable energy ambitions and position itself in a growing market for hybrid projects.

Asset Development: green industry

Aker Horizons and Aker Clean Hydrogen merged in 2022 to strengthen the development of hydrogen projects and hydrogen-based industry applications. The merger helps to speed up the transition to a greener, decarbonised industry.

CLICK HERE TO LEARN MORE ABOUT ASSET DEVELOPMENT

Partnership for a green change

Aker Horizons has partnered with Yara and Statkraft to establish Europe’s first industrial-scale green ammonia project in Norway, enable the hydrogen economy, and accelerate the energy transition. The first project in the partnership will be to electrify Yara’s existing ammonia facility in Porsgrunn, which has potential to be one of the largest climate initiatives in Norwegian industrial history. The partners will further target green hydrogen and green ammonia opportunities within shipping, agriculture and industrial applications.

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Building next generation hydropower technology

Aker Horizons has entered into an agreement to acquire 100 percent of the shares in Rainpower, which will be used as a platform for building a next generation hydropower technology company.

Click to read the full stock exchange release.