Aker Horizons becomes big player in clean hydrogen

Aker Horizons has launched Aker Clean Hydrogen, a pure-play industrial clean hydrogen producer to serve the global market. 

The company has a portfolio of nine clean hydrogen projects and prospects with a total net capacity of 1.3 GW under development, and additional pipeline and opportunities of 4.7 GW. The company aims to reach a net installed capacity of 5 GW and to remove more than 9 million tonnes of CO2 a year by 2030. 

The portfolio includes the recently announced partnership with Norway’s Yara and Statkraft to establish Europe’s first industrial-scale green ammonia project in Norway, the 450 MW Herøya plant. The project has potential to remove about 800,000 tonnes of annual greenhouse gas (GHG) emissions, one of the largest climate initiatives in Norwegian industrial history. The partnership also forms the basis for what could become a new green export industry by producing emission-free ammonia for CO2-intensive industries, including green fertilizer for the agriculture industry and emission-free shipping. 

Additional portfolio projects include a new green ammonia facility in Berlevåg for decarbonizing Arctic shipping and off-grid power production, where conversion of the coal-fired power plant in Longyearbyen could be one of the first targets by 2025. 

Green hydrogen production in Rjukan will enable emissions-free ferry and shipping transportation to be developed jointly in southern Norway. 

Aker Horizons and Greenstat are looking at opportunities in Glomfjord and Meråker, Norway, and a strategic initiative in India. 

The company is collaborating with Mainstream Renewable Power to develop production in Chile with a significant export potential. 

It is also developing a green ammonia facility in Uruguay to enable emission-free shipping in Antarctica. 

Aker Clean Hydrogen, which aims to enable hydrogen production at $1.5 per Kg by the end of this decade, is preparing for a listing on Euronext Growth.