Aker Solutions said it aims to generate about half of its revenue from renewable or distinct low carbon solutions by 2030, according to the company’s 20/25/30 strategy.
According to the company, the oil and gas industry will remain its biggest market, but over the next decade Aker Solutions plans to have a more balanced portfolio of products and technologies that either generate renewable energy or removes or substantially reduces CO2 emissions.
“ The world will continue to see rising energy demand and the challenge for our industry is the need to deliver this with a significantly lower carbon emissions ,” said Luis Araujo , chief executive officer of Aker Solutions. “ No company is better positioned than Aker Solutions to deliver the solutions to realize renewable energy offshore and at the same time decarbonize the oil and gas industry .”
20/25/30
In its updated enterprise strategy the company said it aims to derive 20 percent of its revenue from renewable energy and 25 percent from distinct low-carbon solutions.
The renewable energy solutions will primarily come from floating wind while the low carbon segment is a set portfolio of existing Aker Solutions offerings, including: carbon capture, utilization and storage (CCUS), subsea gas compression, electrification of production assets and unmanned platforms.
“ Growth in segments such as renewables and CCUS increases the addressable market for Aker Solutions, ” said Araujo . “ Our ambition is to become the recognized leader in low carbon offerings and sustainable solutions. We will achieve this through realizing our long-term ambition of 20/25/30. “