Connection

popular articles

Calogena files for approval of its nuclear heating boiler for urban areas
Kazakhstan and Hungary Agree on Oil Exports via Druzhba Pipeline
Norway world leader in automotive electrification towards a sustainable future
Nigerian minister’s diplomatic visit to Niamey: Economic cooperation and security in focus
Germany suspends carbon credits in China on suspicion of massive fraud

Aker Solutions Raises $353 Million for Hydrogen

Please share:

At the same time, Aker Solutions will be listed on the Euronext Growth exchange in Oslo.
The company plans to issue NOR 8 billion, or USD$ 940 million, in shares on March 10.

Aker Solutions aims to develop its hydrogen branch

350 million USD$ private placement

Aker SOlutions, through its hydrogen arm Aker Clean Hydrogen (ACH), is expected to raise NOR 3 billion, or USD 353 million, in an initial private placement.
According to the group, Carnegie AS, DNB Markets, Pareto Securities, Arctic Securities and Sparebank 1 Market are involved in the transaction.

Develop 5 GW of green hydrogen by 2030

Aker Solution and its hydrogen branch ACH aim to achieve a net installed capacity of 5 GW of emission-free hydrogen production by 2030.
The company already has 1.3 GW net under development.

One of ACH’s major projects is the 450 MW Yara power plant in Norway.

Aker Solutions listed on Euronext Growth in Oslo

8 billion NOR in shares by March 10

On March 10, following the private placement, ACH shares are expected to begin trading on Oslo’s Euronext Growth exchange.
The company then hopes to be listed on Oslo’s main stock exchange within a year.

The company plans to issue 187.5 million shares at a fixed price of 16 NOR per share.
This is equivalent to a pre-monetary valuation of NOR 8 billion to finance the group’s hydrogen projects.

1.4 billion NOR shares redistributed to major investors

Major investors will be allocated shares worth a total of NOR 1.4 billion.
NOR 500 million to Aker Horizons and NOR 900 million to a group of investors including AP4, DNCA Invest, Folketrygdfondet and Ophir Asset Management.

Register free of charge for uninterrupted access.

Publicite

Latest news

Libya: Economic recovery dependent on oil, but weakened by lack of reforms
Eni and YPF sign a memorandum of understanding for the evaluation of the liquefied natural gas project in Argentina
bp successfully loads first LNG cargo from Greater Tortue Ahmeyim project
Catalyze secures $85 million in tax equity investment from RBC to advance solar projects in the United States
EIB and Iberdrola sign loans to enhance energy storage infrastructure in Spain

Recently published in

Mantle8 records soil gas levels at Comminges, validating its hydrogen exploration technology

Mantle8 has reported exceptional soil gas readings at Comminges, in the Pyrenees, confirming the effectiveness of its proprietary predictive exploration technology for natural hydrogen.
Technip Energies wins contract for sustainable aviation fuel project engineering in Australia
Technip Energies has secured a contract with Jet Zero Australia for the engineering of a project aimed at producing sustainable aviation fuel in Townsville, Australia, with an annual capacity of 102 million litres by 2028.
en_1140290956540-9
Technip Energies wins contract for sustainable aviation fuel project engineering in Australia
Technip Energies has secured a contract with Jet Zero Australia for the engineering of a project aimed at producing sustainable aviation fuel in Townsville, Australia, with an annual capacity of 102 million litres by 2028.
en_1140290956540-9
Olin and Plug Power commission hydrogen liquefaction plant in Louisiana
The Hidrogenii joint venture, formed by Olin and Plug Power, has launched a 15 TPD hydrogen liquefaction plant in St. Gabriel, Louisiana, strengthening the regional hydrogen supply and the U.S. energy transition.
en_1140290947540-11
Olin and Plug Power commission hydrogen liquefaction plant in Louisiana
The Hidrogenii joint venture, formed by Olin and Plug Power, has launched a 15 TPD hydrogen liquefaction plant in St. Gabriel, Louisiana, strengthening the regional hydrogen supply and the U.S. energy transition.
en_1140290947540-11
South Africa: Eskom launches process to create a subsidiary dedicated to renewables
South African group Eskom has issued a call for tenders to establish an independent entity focused on renewable energy, as part of its strategic restructuring.
en_1140290959540-8
South Africa: Eskom launches process to create a subsidiary dedicated to renewables
South African group Eskom has issued a call for tenders to establish an independent entity focused on renewable energy, as part of its strategic restructuring.
en_1140290959540-8

France Chimie warns of potential closure of 47 plants due to trade war

France Chimie warns that 47 industrial sites in France and up to 350 across the European Union could shut down without an emergency response to the escalating trade tensions with the United States and China.
Low-carbon hydrogen: France acknowledges delay and lowers its 2035 targets
Paris scales back its hydrogen roadmap, reducing the target to 4.5 GW by 2030 and 8 GW by 2035 amid weak demand and technological delays.
en_1140290947540-10
Low-carbon hydrogen: France acknowledges delay and lowers its 2035 targets
Paris scales back its hydrogen roadmap, reducing the target to 4.5 GW by 2030 and 8 GW by 2035 amid weak demand and technological delays.
en_1140290947540-10
Shell and CB&I unveil prototype liquid hydrogen tank for international trade
CB&I, Shell and their partners have completed the design of a large-capacity liquid hydrogen tank at NASA’s space centre, aiming to cut commercial-scale storage costs for global trade.
en_1140290956540-8
Shell and CB&I unveil prototype liquid hydrogen tank for international trade
CB&I, Shell and their partners have completed the design of a large-capacity liquid hydrogen tank at NASA’s space centre, aiming to cut commercial-scale storage costs for global trade.
en_1140290956540-8
EVREC’s hydrogen project in Newfoundland begins environmental assessment process
Authorities in Newfoundland have released the guidelines for EVREC’s green hydrogen project impact study, marking a key regulatory step in the industrial development of this energy hub.
en_1140290964540-3
EVREC’s hydrogen project in Newfoundland begins environmental assessment process
Authorities in Newfoundland have released the guidelines for EVREC’s green hydrogen project impact study, marking a key regulatory step in the industrial development of this energy hub.
en_1140290964540-3

Hyundai and Pertamina to launch waste-to-hydrogen ecosystem in Indonesia by 2027

Hyundai Motor Group, in partnership with Pertamina and Indonesian authorities, announces the construction of a waste-based hydrogen production site in West Java, set to be operational by 2027.
Rice and ExxonMobil launch strategic collaboration in sustainable energy research
A master agreement between ExxonMobil and Rice University initiates a series of joint energy research projects focused on technological innovation in water treatment and resource recovery.
en_1140290962540-7
Rice and ExxonMobil launch strategic collaboration in sustainable energy research
A master agreement between ExxonMobil and Rice University initiates a series of joint energy research projects focused on technological innovation in water treatment and resource recovery.
en_1140290962540-7
Cyient secures strategic contract for hydrogen project in Norway with GreenH and Luxcara
Indian group Cyient will lead the engineering work at the Bodø hydrogen site in Norway, under a partnership with GreenH and Luxcara to supply maritime transport.
en_1140290957540-6
Cyient secures strategic contract for hydrogen project in Norway with GreenH and Luxcara
Indian group Cyient will lead the engineering work at the Bodø hydrogen site in Norway, under a partnership with GreenH and Luxcara to supply maritime transport.
en_1140290957540-6
France postpones hydrogen strategy announcement to Wednesday as industry awaits clarity
The French government has delayed by 24 hours the presentation of its new hydrogen strategy, now scheduled for Wednesday, amid expectations from industry facing weak demand and high production costs.
en_1140290945540-9
France postpones hydrogen strategy announcement to Wednesday as industry awaits clarity
The French government has delayed by 24 hours the presentation of its new hydrogen strategy, now scheduled for Wednesday, amid expectations from industry facing weak demand and high production costs.
en_1140290945540-9

McPhy Energy initiates conciliation proceedings to secure industrial continuity

Facing cash flow difficulties, McPhy Energy launches a judicial conciliation and issues a call for bids for a potential asset sale before the end of June.
The global green hydrogen market to reach $19.2bn by 2032
The green hydrogen industry is expected to grow at an average annual rate of 45.6% through 2032, driven by industrial demand, hydrogen mobility, and public decarbonisation policies.
en_1140290954540-6
The global green hydrogen market to reach $19.2bn by 2032
The green hydrogen industry is expected to grow at an average annual rate of 45.6% through 2032, driven by industrial demand, hydrogen mobility, and public decarbonisation policies.
en_1140290954540-6
The French government to unveil revised hydrogen strategy on 15 April
Prime Minister François Bayrou has announced the imminent release of the revised hydrogen strategy, awaited for months by industry players facing insufficient demand.
en_1140290957540-4
The French government to unveil revised hydrogen strategy on 15 April
Prime Minister François Bayrou has announced the imminent release of the revised hydrogen strategy, awaited for months by industry players facing insufficient demand.
en_1140290957540-4
SBM Offshore secures USD1.1bn from 13 banks to refinance debt
Dutch group SBM Offshore has secured a new USD1.1bn revolving credit facility from an international banking consortium, extending and enlarging a previous financing agreement.
en_1140290950540-6
SBM Offshore secures USD1.1bn from 13 banks to refinance debt
Dutch group SBM Offshore has secured a new USD1.1bn revolving credit facility from an international banking consortium, extending and enlarging a previous financing agreement.
en_1140290950540-6

Equinor creates new division to consolidate flexible and renewable energy assets

Equinor restructures operations to enhance earnings in growing power markets by merging its renewables and flexible generation assets into a single business unit.
ORLEN launches market study on renewable ammonia to secure supply
Polish energy group ORLEN has initiated a market study on low-carbon ammonia for use in fertiliser production and synthetic fuel, as part of its long-term industrial plans.
en_1140290970540-2
ORLEN launches market study on renewable ammonia to secure supply
Polish energy group ORLEN has initiated a market study on low-carbon ammonia for use in fertiliser production and synthetic fuel, as part of its long-term industrial plans.
en_1140290970540-2
Lhyfe secures UK backing for two green hydrogen projects
Lhyfe has been shortlisted for two green hydrogen production projects in the UK under the HAR2 scheme, paving the way for 15-year public contractual support.
en_1140290987540
Lhyfe secures UK backing for two green hydrogen projects
Lhyfe has been shortlisted for two green hydrogen production projects in the UK under the HAR2 scheme, paving the way for 15-year public contractual support.
en_1140290987540
Technip Energies secures key contract for Blue Point Number One ATR plant
Technip Energies will lead the delivery of the Blue Point Number One ATR project, set to become the world’s largest low-carbon ammonia production unit, in the United States for a joint venture between CF Industries, JERA, and Mitsui & Co.
en_1140290978540
Technip Energies secures key contract for Blue Point Number One ATR plant
Technip Energies will lead the delivery of the Blue Point Number One ATR project, set to become the world’s largest low-carbon ammonia production unit, in the United States for a joint venture between CF Industries, JERA, and Mitsui & Co.
en_1140290978540

Sinopec and Aramco strengthen their alliance for the Yanbu complex expansion

Sinopec and Saudi Aramco have signed a framework agreement to expand the Yanbu complex, aiming to establish an integrated refining and petrochemical platform with high industrial capacity.
PureWave Hydrogen strengthens position in Kansas Mid-Continent Rift
PureWave Hydrogen strengthens its foothold in the Mid-Continent Rift in Kansas, where recent discoveries of hydrogen-rich natural gases are attracting industry interest to this still under-explored geological zone.
en_1140290952540-5
PureWave Hydrogen strengthens position in Kansas Mid-Continent Rift
PureWave Hydrogen strengthens its foothold in the Mid-Continent Rift in Kansas, where recent discoveries of hydrogen-rich natural gases are attracting industry interest to this still under-explored geological zone.
en_1140290952540-5
France reviews its hydrogen strategy to align the regulatory framework with market needs
Faced with structural challenges in the hydrogen sector, the French government is expected to announce a new roadmap on Thursday aimed at readjusting its regulatory framework and unlocking the necessary support for the industry.
en_1140290959540-4
France reviews its hydrogen strategy to align the regulatory framework with market needs
Faced with structural challenges in the hydrogen sector, the French government is expected to announce a new roadmap on Thursday aimed at readjusting its regulatory framework and unlocking the necessary support for the industry.
en_1140290959540-4
Fusion Fuel targets UK with £50mn acquisition in fuel distribution
Fusion Fuel has signed a letter of intent to acquire a UK-based fuel distribution company valued at £50mn, as part of its strategy to expand its presence across the energy value chain.
en_1140290946540-6
Fusion Fuel targets UK with £50mn acquisition in fuel distribution
Fusion Fuel has signed a letter of intent to acquire a UK-based fuel distribution company valued at £50mn, as part of its strategy to expand its presence across the energy value chain.
en_1140290946540-6

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS