Aker Horizons ASA is a Norwegian investment holding company that focuses on renewable energy and decarbonization. The company was established in 2020 as a wholly-owned subsidiary of Aker ASA, a leading industrial investment company in Norway. Aker Horizons aims to create value by investing in and developing renewable energy projects that contribute to the decarbonization of the global economy.
Aker Horizons’ portfolio includes investments in companies that are involved in various aspects of the renewable energy sector, including wind, solar, hydro, and energy storage. The company’s strategy is to invest in companies that have a strong track record of delivering renewable energy projects, as well as those that have the potential to develop new and innovative technologies.
One of the key areas of focus for Aker Horizons is corporate energy. The company believes that corporations have a critical role to play in the transition to a low-carbon economy, and it is working to help companies reduce their carbon footprint through the use of renewable energy. Aker Horizons offers a range of solutions to help corporations transition to renewable energy, including corporate power purchase agreements (PPAs).
Corporate PPAs are long-term contracts between a corporation and a renewable energy project developer, under which the corporation agrees to purchase a certain amount of renewable energy from the project over a specified period of time. By entering into a PPA, corporations can secure a stable and predictable source of renewable energy, while also reducing their carbon footprint and demonstrating their commitment to sustainability.
Aker Horizons has been involved in several corporate PPA deals, including a 15-year agreement with Google to purchase the entire output of a 236 MW wind farm in Norway. The wind farm is expected to be operational in 2020 and will be one of the largest onshore wind projects in Europe. Aker Horizons has also signed a PPA with Norsk Hydro, a Norwegian aluminum producer, for the supply of renewable energy from a 330 MW wind farm in Sweden.
In addition to corporate energy solutions, Aker Horizons is also investing in renewable energy projects that have the potential to transform the energy sector. One such project is the Ocean Sun, a floating solar technology that has been developed by Aker Horizons’ portfolio company, Ocean Sun AS. The technology involves placing solar panels on a floating platform, which can be deployed in offshore locations, such as reservoirs, lakes, and oceans.
The Ocean Sun technology has several advantages over traditional solar panels, including increased efficiency due to the cooling effect of the water, reduced land use, and the ability to generate energy in areas with high solar irradiance. Aker Horizons believes that the Ocean Sun technology has the potential to revolutionize the solar energy sector and is investing in the development and commercialization of the technology.
Another area of focus for Aker Horizons is decarbonization. The company recognizes that the transition to a low-carbon economy requires significant investment in renewable energy, as well as the development of new technologies and solutions to reduce greenhouse gas emissions. Aker Horizons is investing in companies that are developing new technologies and solutions to decarbonize various sectors of the economy, including transportation, industry, and buildings.
One such company is Cognite, a Norwegian software company that is developing solutions to optimize energy consumption and reduce emissions in industrial processes. Cognite’s software platform enables companies to collect and analyze data from various sources, such as sensors and machines, to identify opportunities to reduce energy consumption and improve efficiency. Aker Horizons has invested in Cognite and is working with the company to develop solutions for the decarbonization of the industrial sector.
In conclusion, Aker Horizons is a Norwegian investment holding company that is focused on renewable energy and decarbonization. The company’s portfolio includes investments in companies that are involved in various aspects of the renewable energy sector, including wind, solar, hydro, and energy storage. Aker Horizons is also involved in corporate energy solutions, including corporate PPAs, and is investing in new technologies and solutions to decarbonize various sectors of the economy. The company’s focus on renewable energy and decarbonization reflects its commitment to creating value while contributing to the transition to a low-carbon economy.