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
24 April 2025
Liverpool Bay project on track for 2028 startup as Italian energy company reaches financial close with government for CO₂ transport and storage network
21 April 2025
Agreement on a two-tier emissions trading scheme does not go far enough to meet IMO GHG reduction targets, say observers
11 April 2025
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
9 April 2025
AI is powering the Middle East & North Africa’s digital transformation, but can the region meet soaring energy demand sustainably? Small modular reactors may hold the key
