Potential offtaker

Aker Horizons ASA

www.akerhorizons.com

Estimated electricity consumption

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Aker Horizons ASA is a Norwegian investment company that specializes in renewable energy and decarbonization. The company was founded in 2020 as a subsidiary of Aker ASA, a Norwegian industrial investment company. Aker Horizons aims to invest in and develop companies that are focused on renewable energy and decarbonization, with a goal of accelerating the transition to a low-carbon economy.

The company's focus on renewable energy is driven by the urgent need to address climate change. As global temperatures continue to rise, there is a growing recognition that we need to transition away from fossil fuels and towards cleaner sources of energy. Aker Horizons believes that renewable energy is the key to achieving this transition, and is committed to investing in companies that are working to develop and deploy renewable energy technologies.

One of the key areas of focus for Aker Horizons is corporate energy. The company believes that businesses have a critical role to play in the transition to a low-carbon economy, and that they can make a significant impact by adopting renewable energy solutions. Aker Horizons works with businesses to help them develop and implement renewable energy strategies, with a particular focus on corporate power purchase agreements (PPAs).

Corporate PPAs are agreements between businesses and renewable energy developers that allow businesses to purchase renewable energy directly from the developer. This can help businesses to reduce their carbon footprint and meet their sustainability goals, while also providing a reliable source of renewable energy. Aker Horizons has invested in several companies that specialize in corporate PPAs, including Mainstream Renewable Power and Statkraft.

In addition to corporate energy, Aker Horizons is also focused on decarbonization more broadly. The company believes that we need to reduce our reliance on fossil fuels across all sectors of the economy, and is investing in companies that are working to develop decarbonization solutions in areas such as transportation, industry, and agriculture. Aker Horizons has invested in several companies that are developing innovative decarbonization technologies, including Cognite, a Norwegian company that specializes in digitalization solutions for the energy sector.

Renewable energy is at the core of Aker Horizons' investment strategy. The company has invested in several companies that are developing renewable energy technologies, including wind, solar, and hydro power. Aker Horizons' portfolio includes companies such as Principle Power, a developer of floating offshore wind technology, and Aker Offshore Wind, a developer of fixed-bottom offshore wind technology.

Aker Horizons is also focused on developing new renewable energy technologies. The company has invested in several companies that are working on cutting-edge renewable energy solutions, such as hydrogen fuel cells and energy storage. Aker Horizons believes that these technologies will play a critical role in the transition to a low-carbon economy, and is committed to investing in companies that are working to develop and deploy them.

Overall, Aker Horizons is a leading player in the renewable energy and decarbonization space. The company's focus on corporate energy, corporate PPAs, decarbonization, and renewable energy technologies makes it well-positioned to capitalize on the growing demand for clean energy solutions. As the world continues to transition towards a low-carbon economy, Aker Horizons is likely to play an increasingly important role in driving this transition forward.

✓ Declared Net Zero commitment