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Local time: 09:21 CEST
The Paris Agreement and climate science have set the direction and highlighted that collectively we need to speed up our efforts and work together to find energy solutions that will stabilize our climate.
Aker Solutions’ Climate Action Plan follows the Science Based Targets Initiative’s guidance and criteria and it is our roadmap to transform our business to be even less carbon intensive, and help solve global energy challenges for future generations.
The energy transition is a massive undertaking that will require working across industries and working in partnerships to succeed. We need to provide the affordable, stable energy people and society need today, and we need to work together to build new energy systems.
At Aker Solutions, we will work closely with our customers and partners and leverage our core capabilities to grow in renewables and low-carbon markets including offshore wind, carbon capture, utilization and storage (CCUS), and hydrogen.
We aim to use energy more efficiently, minimize waste and spills, and protect biodiversity. We are also committed to engaging with our supply chain to reduce emissions, establish enhanced environmental and social governance, and boost the power of data.
To achieve our ambitions, we will focus on the following:
We believe it is only through building and sustaining a climate action culture, based on tangible results, that we can achieve strategic climate outcomes, catalyze new opportunities and accelerate the energy transition.
The work is already well underway.
By 2025, we will have expanded our transitional solutions for oil and gas production and our renewable energy portfolio to account for 1/3 of our revenues.
By 2030, more than 2/3 of our revenues will come from these solutions, our own emissions will have been cut in half, and our electricity consumption will be based on 100% renewable energy.
See the roadmap to our 2030 goals below.
Aker Solutions is currently working on several notable renewable and energy transition related projects including in areas such as offshore floating and bottom-fixed wind, electrification, carbon capture and storage, and hydrogen. Several of the projects we are involved in are world firsts.
In Brevik, Norway, we are working with Aker Carbon Capture on capturing CO2 from the Heidelberg Cement Norcem plant, which will be shipped to the Northern Lights CO2 storage facility in the North Sea. Cement is the most used building product in the world and will continue to be – hence the urgent need to tackle emissions.
For Equinor’s Hywind Tampen, we have just finished the construction of the floating concrete foundations for the 11 wind turbines. This will be the world’s largest floating offshore wind farm and the first to power offshore oil and gas platforms.
Our plan to reduce our own emissions over the next eight years includes more than just achieving 100 percent of our energy use from renewable sources. We are also improving our heating systems to utilize biogenic and electric sources to reduce dependency on fossil fuels, electrifying our mobile vehicles across our sites, and certifying the enterprise to ISO 50001.
Strategic investment is required to be successful in the transition and to achieve our Climate Action Plan goals. We have established a dedicated delivery team and are committing significant sums to achieving goals in the immediate and long term. Success will be measured in emissions reductions and increased business opportunities.
We believe our Climate Action Plan represents a solid combination of aspiration and action.
It outlines ambitious goals and targets. But it also documents concrete, identifiable steps and milestones required to overcome technical barriers, to develop energy solutions and to drive the energy transition - while simultaneously contributing to energy security. We will do our part to deliver solutions industries need and to translate the imperatives of policy and society into the capabilities and capacities necessary to facilitate the energy transition.
The years ahead are decisive, and we will continue to work closely with our customers and partners to deliver solutions that will help solve global energy challenges for future generations.
Local time: 09:21 CEST