Aker Horizons ASA
OSE:AKH
Aker Horizons ASA
Aker Horizons ASA is an investment company, which engages in the dedicated to developing companies. The company is headquartered in Lysaker, Akershus and currently employs 42 full-time employees. The company went IPO on 2021-02-01. The firm invests in and develops companies within renewable energy sectors and other technologies that make material contributions to reducing emissions or promote sustainable living. The firm's activities are divided into segments: The Aker Carbon Capture is a global provider of products, technology and solutions within the field of carbon capture, utilization and storage; The Aker Clean Hydrogen is dedicated to developing, building, owning and operating clean hydrogen production at industrial scale globally; The Aker Offshore Wind sources, develops offshore wind power projects; The Mainstream is a global renewable energy company that develops, builds and operates wind and solar power assets; The Rainpower, that offers technologies for hydropower; The Aker Horizons and holdings and The Other Segment, that consists of Aker Horizons’ investments.
Aker Horizons ASA is an investment company, which engages in the dedicated to developing companies. The company is headquartered in Lysaker, Akershus and currently employs 42 full-time employees. The company went IPO on 2021-02-01. The firm invests in and develops companies within renewable energy sectors and other technologies that make material contributions to reducing emissions or promote sustainable living. The firm's activities are divided into segments: The Aker Carbon Capture is a global provider of products, technology and solutions within the field of carbon capture, utilization and storage; The Aker Clean Hydrogen is dedicated to developing, building, owning and operating clean hydrogen production at industrial scale globally; The Aker Offshore Wind sources, develops offshore wind power projects; The Mainstream is a global renewable energy company that develops, builds and operates wind and solar power assets; The Rainpower, that offers technologies for hydropower; The Aker Horizons and holdings and The Other Segment, that consists of Aker Horizons’ investments.
Net Loss: Aker Horizons reported a Q1 net loss of NOK 656 million, wider than the previous quarter's NOK 575 million loss.
Dividend Inflow: The company received a NOK 1.5 billion dividend from Aker Carbon Capture, boosting liquidity.
Mainstream Strategy: Mainstream has exited Colombia and is focused on growth in South Africa, Australia, and the Philippines, targeting accelerated exits from offshore wind.
Cost Reduction: Mainstream aims to cut its cost base by 65% by 2026 and relocated its headquarters from Dublin to Oslo.
Data Center Opportunity: Aker Horizons is exploring building data centers at its Kvandal site in Northern Norway, leveraging stable renewable energy.
Debt Maturities: The company faces significant debt maturities in the next 9 months and is in talks with its main shareholder, Aker, for refinancing.
