Aker Solutions is involved in developing a broad range of low carbon solutions, including: offshore floating wind, zero emission shipping concepts, unmanned platforms, as well as reduced emissions from offshore oil and gas exploration and production through electrification, carbon capture and energy optimization.
20/25/30 means we are committed to generating 20 percent of our revenue from renewables and 25 percent of our revenue from low carbon solutions by the year 2030. Currently, we are an established partner in carbon capture, utilization, and storage (CCUS). Aker Solutions is the only company to offer services, products, and solutions throughout the whole CCUS chain, from capture via transport to safe storage.
In 2019, Aker Solutions increased its investment in Principle Power Inc., a floating wind power technology company, to 25%. Our offshore wind solutions combine Aker Solutions’ experience in developing and managing large and complex offshore projects with the proven WindFloat® technology from our partner Principle Power.
Target revenue from renewables and low-carbon solutions:
- 2020 target: 7%
- 2023 target: 15%