Norwegian engineering company Aker Solutions has published its 2030 strategy, which calls for 45% of its growth to come from low carbon or renewable energy revenues within the next 10 years.
Aker, traditionally an oil and gas-focused company, wants to rebalance its product portfolio to include technological solutions that either generate renewable energy or substantially decrease carbon emissions.
Aker’s path to increased renewables income will be driven by floating wind, while higher low-carbon revenues will come from carbon capture, utilisation and storage, subsea gas compression, electrification and unmanned platforms.
“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 Aker chief executive Luis Araujo.
“No company is better positioned than Aker Solutions to deliver the solutions to realise renewable energy offshore and at the same time decarbonise the oil and gas industry.”
Oil and gas solutions will remain Aker’s main source of income, but the company expects demand to be lower than renewables in the coming decade.