Oslo, Norway, March 30, 2022 /PRNewswire/ — With the transactions and initiatives announced today, Aker Horizons ASA (“Aker Horizons”) strengthens its position as a forerunner in building industry-leading companies and developing integrated green value chains to decarbonize electricity and industry.

Aker Horizons benefits from:

• An ecosystem with a shared vision to take Net Zero from ambition to reality

• A portfolio of focused standalone companies, including Mainstream Renewable Power and Aker Carbon Capture, tackling specific decarbonization challenges

• A project development organization with technical and commercial expertise to initiate and execute large-scale hybrid decarbonization projects

• A global network of partners, including Mainstream’s new strategic investor, Mitsui & Co., Ltd.

• Diversified access to capital, including a partnership with Aker Asset Management

“Today’s announcements will strengthen Aker Horizons’ ability to accelerate the transition to green energy and green industry, while maximizing impact and value creation. They strengthen Aker Horizons’ ability to withstand market turbulence, while positioning the company to accelerate the clean energy adaptation. and green technologies to meet the EU’s acute need for more affordable, secure and sustainable energy By combining the deep industrial and technological expertise of Aker Horizons, with the ability of Aker Asset Management to raise capital private investors to fund large-scale projects, the Aker Group will be uniquely positioned to meet market demands for improved energy efficiency, increased renewables and electrification, and resolved energy bottlenecks. ‘infrastructure throttling,’ said Øyvind Eriksen, CEO of Aker ASA and Chairman of Aker Horizons.

“Norway has all the prerequisites for building green industries, including access to affordable energy and advanced technical and engineering capabilities,” said Kristian Røkke, CEO of Aker Horizons. create and develop hub-by-hub green industry projects. We have identified the decarbonization of steel, the world’s largest emitting industrial value chain, as an opportunity for Aker Horizons. In Narvik, Aker Horizons aims to develop integrated production of hydrogen and green iron. Another geography perfectly suited to the development of green industries is Chilewhere we will leverage our presence through Mainstream Renewable Power. Chile has abundant energy resources, including the world’s highest long-term solar irradiance, which we plan to harness in Power-to-X projects.”

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“Aker Horizons’ expertise in developing attractive investment opportunities and driving projects on a global scale puts it in an ideal position to work with Aker Asset Management to bring financial capital closer to expertise. industry to accelerate the transition to net zero. The transactions announced today enhance the ability of Aker Horizons to originate the large-scale green energy and green industry projects in which AAM seeks to invest,” said Yngve SlyngstadCEO of Aker Asset Management.

Through the consolidation of its renewable energy interests, Aker Horizons aspires to accelerate the transformation of Mainstream Renewable Power into a renewable energy major with a global execution platform. Planned addition of Aker Offshore Wind as a floating offshore wind pioneer to Mainstream’s multi-technology platform opens up new opportunities and enhances both companies’ competitiveness in an increasingly scale-driven industry .

The repositioning of Aker Clean Hydrogen as a private subsidiary provides Aker Horizons with a powerful asset development platform. With an integrated development approach, Aker Horizons will create and develop green assets in areas such as hydrogen, ammonia and methanol, green iron and infrastructure. By taking positions further down the value chain, Aker Horizons can unlock the lowest cost renewable resources and accelerate the hydrogen economy.

More information

Reference is made to the stock market announcements published by Aker Horizons today March 30, 2022:

Contact information

Investor contacts:
Christian Yggeseth, +47 915 10 000, [email protected]

Media contacts:
Ivar Simensen+47 464 02 317, [email protected]

About Aker Horizons

Aker Horizons ASA is an earth-positive investment firm dedicated to developing businesses in renewable energy and other technologies that reduce emissions or promote sustainable living. The company is listed on the Oslo Stock Exchange and majority owned by Aker ASA. Aker Horizons investment portfolio includes Aker Carbon Capture, Aker Clean Hydrogen, Aker Offshore Wind and Mainstream Renewable Power.

IMPORTANT NOTICE

This announcement is for informational purposes only and does not form part of an offer to sell or a solicitation of an offer to buy securities in any jurisdiction. Neither this announcement nor the information contained herein is intended for publication, distribution or dissemination, in whole or in part, directly or indirectly, in or to or from United States (including its territories and possessions, all US state and the District of Colombia), Australia, Canada, Japan, hong kong, South Africa or any other jurisdiction where it would be a violation of the relevant laws of that jurisdiction. The publication, distribution or publication of this announcement may be restricted by law in certain jurisdictions and persons in possession of any document or other information mentioned herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdiction.

The securities mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”). Securities may not be offered or sold in United States except pursuant to an exemption from the registration requirements of the US Securities Act or in connection with a transaction not subject to the US Securities Act.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and can be identified by words such as “believe”, “expect”, “anticipate”, “strategy”, “intend”, ” estimate”, “will”, “may”, “continue”, “should” and similar expressions. By their nature, forward-looking statements involve risks and uncertainties because they reflect the Company’s current expectations and assumptions about future events and circumstances which may not prove to be accurate. A number of important factors could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements. No assurance can be given that these expectations will prove to be correct. The information, opinions and forward-looking statements contained in this announcement speak only as of its date and are subject to change without notice. Aker Horizons undertakes no obligation to review, update, confirm or publicly release any revisions to the forward-looking statements to reflect events that occur or circumstances that arise in connection with the contents of this announcement or otherwise. .

This announcement is for informational purposes only and should not be relied upon as a substitute for the exercise of independent judgment. It is not intended as investment advice and should not be used or considered as an offer to sell, or a solicitation of an offer to buy securities or a recommendation to buy or sell securities. from Aker Horizons or otherwise.

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SOURCEAker Horizons