LYSAKER, Norway,
Second quarter main developments:
- Aker Carbon Capture ASA (ACC ASA) completed the transaction to combine its carbon capture business with SLB:
- ACC ASA received NOK 4.1 billion in cash consideration, increasing its Q2 cash position to NOK 4.5 billion
- ACC ASA booked an accounting gain of NOK 4.9 billion
- The combination and integration of ACCH and SLB's carbon capture business progressed according to plan
- Mainstream Renewable Power (Mainstream) delivered on its strategy in
Australia andSweden :- The company was awarded a 2.5 GW offshore wind license in the Gippsland region of
Victoria and a 500 MW onshore wind permit inNew South Wales , inAustralia - In
Sweden , the 2.5 GW Mareld floating offshore wind development received a positive recommendation for government approval - The Andes Renovables platform in
Chile maintained positive commercial margins in Q2 and recognized additionalEUR 20m in revenues following publication of the first Tariff Stabilization Law decree
- The company was awarded a 2.5 GW offshore wind license in the Gippsland region of
- Aker Horizons Asset Development (AAD) made progress on key projects and continued to explore data center opportunities for sites in
Northern Norway :- The Rjukan project was scaled up to 40 MW gaseous hydrogen capacity, leveraging existing allocation of 50 MW grid capacity
- A cooperation agreement was signed with a data center developer EPC company to explore powered shell opportunities in
Northern Norway - For the flagship Narvik Green Ammonia project, the pre-FEED was concluded and invitation to tender responses were received
"The second quarter was marked by the successful completion of the announced joint venture between Aker Carbon Capture and SLB. The new company combines technology portfolios, expertise and operations platforms to accelerate carbon capture adoption for industrial decarbonization. Mainstream continued to execute on its prioritized project pipeline, notably with the award of major offshore and onshore wind licenses in
As of the second quarter 2024, Aker Horizons developed its financial reporting format to reflect a portfolio composed mainly of unlisted assets. From having four listed holdings in 2021, Aker Horizons had one listed holding, Aker Carbon Capture ASA, at the end of the second quarter 2024. Net capital employed reflects Aker Horizons' initial investment in the portfolio company, adjusted for any profit or loss and any additional investments, adjusted for foreign exchange fluctuations. As of the second quarter, Aker Horizons had
The Q2 2024 presentation and half-year 2024 report are attached.
Aker Horizons' CEO
For further information, please contact:
Tel: +47 41 18 84 82
Email: marianne.stigset@akerhorizons.com
Tel: +47 41 64 31 07
Email: stian.andreassen@akerhorizons.com
About Aker Horizons
Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and hydrogen and develops industrial-scale decarbonization projects. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu,
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements in Regulation EU 596/2014 and the Norwegian Securities Trading Act § 5-12. This stock exchange announcement was published by
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The following files are available for download:
https://mb.cision.com/Main/20659/4015316/2916984.pdf | Aker Horizons Half-Year Report 2024 |
https://mb.cision.com/Public/20659/4015316/879d1eff0a11dd67.pdf | Aker Horizons Q2 2024 Presentation |