Transport hub at Narvik
Aker advances plan to launch €1bn energy transition fund
Norwegian company also unveils plan to form green industrial hub at site north of Arctic Circle
Aker Horizons is developing plans to establish a €1bn ($1.2bn) energy transition fund with a focus on infrastructure assets related to carbon capture, hydrogen and electrification. The Norway-based company is in “advanced talks” with a leading global financial services provider as a potential anchor investor. The fund would be managed by Aker. “Asset management for planet-positive investing has been identified as a potential new business segment,” the company says in its third-quarter earnings report. “With Aker Horizons’ access to projects, industrial capabilities and technology, the company is positioned to generate attractive investment opportunities for institutional investors.” Potentia
Also in this section
12 November 2024
Standards have been agreed for a mechanism under Article 6.4 of the Paris Agreement to trade carbon credits internationally
8 November 2024
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
31 October 2024
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise
30 October 2024
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub
