Aker Solutions Wins FEED Contract for Empire Wind Project in the U.S.

Aker Solutions has signed a front-end engineering and design (FEED) contract with Empire Offshore Wind LLC to study the design and delivery of concrete foundations for the wind turbine generators (WTG) for the planned Empire Wind project in New York. Empire Wind is being developed by Equinor and BP through their 50/50 strategic partnership in the U.S.

Aker Solutions will analyze how to design, construct and install concrete substructures standing on the seafloor to support the WTGs. The scope also includes analysis of construction methods and models for marine operations to install the structures. The company will use its world-leading track record from previous deliveries of concrete substructures to support the partnership in defining effective solutions for the Empire Wind project.

Aker Solutions’ front-end engineering work will also benefit several U.S.-based partners and suppliers. This includes construction company Kiewit Infrastructure Inc. and regulatory and permitting expert McLaren.

Over the past 50 years, Aker Solutions has become recognized globally for delivering complete oil and gas developments, safely and on time and budget. The company is the international leader for delivering concrete substructures to demanding offshore projects.

"In recent years, we have increased our activity within low-carbon and renewable energy projects, and offshore wind is a key growth area. Aker Solutions is already delivering concrete hulls to Equinor’s Hywind Tampen offshore floating wind project. We are pleased to see that the Empire Wind development is considering using proven concrete technology, and that we can contribute with our expertise," said Kjetel Digre, chief executive officer of Aker Solutions.

The FEED award for Empire Wind follows the completion of the pre-FEED won in 2019. The work starts immediately and will be completed in August 2021.

ENDS

Aker Solutions delivers integrated solutions, products and services to the global energy industry. We enable low-carbon oil and gas production and develop renewable solutions to meet future energy needs. By combining innovative digital solutions and predictable project execution we accelerate the transition to sustainable energy production. Aker Solutions employs approximately 14,000 people in more than 20 countries.

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This press release may include forward-looking information or statements and is subject to our disclaimer, see https://akersolutions.com

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Torbjørn Andersen

Torbjørn Andersen

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Fredrik Berge

Fredrik Berge

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