Aker Horizons exercises active ownership in companies within renewable energy and green technology to limit and reduce greenhouse gas emission, while providing substantial value creation over time.
Aker Horizons’ portfolio platform includes investments in the listed companies Aker Offshore Wind and Aker Carbon Capture, as well as in Mainstream Renewable Power and Aker Clean Hydrogen. The sunrise portfolio includes ongoing initiatives and opportunities within solar, transmission technology and other ventures
Aker’s ownership agenda
Aker Horizons consists of a competent and dedicated team with a flexible mandate for an active ownership to build future-oriented companies. The ambition is to be a driving force for decarbonization through companies that develop and deliver industrial solutions within renewables and green technology. The goal is to build a long-term platform for value creation, where Aker Horizons can take advantage of technologies, industrial competence and software available in Aker-owned companies.
Through Aker Horizons, each portfolio company works independently to create value, cooperating with Aker-owned companies and other companies in its value chain.
Øyvind Eriksen, Martin Bech Holte and Kjell Inge Røkke represent Aker on Aker Horizons’ board of directors.
A leading planet-positive investment company
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.
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.
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.
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.
Aker Clean Hydrogen: A pure-play industrial clean hydrogen producer
Aker Clean Hydrogen is established to develop, build, own, and operate clean hydrogen production at industrial scale. With a proven execution model, unique end-to-end asset integration and optimalization capabilities, Aker Clean Hydrogen will emerge as the most efficient hydrogen value chain integrator. As part of Aker Horizons’ platform portfolio, Aker Clean Hydrogen will leverage the deep domain expertise across the Aker group, including system integration, engineering, technology development, project execution, digitalization and financial optimization.
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.
Aker Horizons' sunrise portfolio
Aker Horizons’ Sunrise portfolio contains investments that are in an early phase or require further development to realize their full potential. These companies provide Aker Horizons with the opportunity develop companies or value chains that turn into future investment platforms. Current Sunrise investments include: SuperNode (50 %), Rainpower (100 %) og REC Silicon (24,7 %).
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.