Aker Horizons: Reducing emissions, creating values

Aker Horizons exercises active ownership in investments within renewable energy and green technologies.

Aker Horizons’ portfolio of companies comprise Mainstream Renewable Power (75 per cent shareholding), Aker Carbon Capture (42.3 per cent), Aker Offshore Wind (51 per cent) and Aker Clean Hydrogen (77.2 per cent), and the hydropower technology company Rainpower (100 per cent shareholding).
Euronext Growth
Geographical market:
Kristian Røkke
Renewable energy and low carbon solutions
Øyvind Eriksen
Share of Aker's total assets (5Q21):
Offshorewind square

Aker’s ownership agenda

Aker owns 76.15 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
Offshore wind 1160x870

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.


CCS Akersgaten Mongstad

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.


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.

The company is listed on Euronext Growth.


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:

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.