Aker Clean Hydrogen has listed on the Euronext Growth in Norway.
Aker Horizons CEO and board member of Aker Clean Hydrogen Kristian Rokke said: “The industrialisation of hydrogen production starts now.
“With the launch of Aker Clean Hydrogen, Aker Horizons creates the first pure industrial scale operator of pure hydrogen production and addresses a huge market ready for global growth with an opportunity to have a significant effect on CO2 reduction.”
In total Aker Clean Hydrogen has a portfolio of nine projects and prospects with total net capacity of 1.3GW in development and aims to reach a net installed capacity of 5GW by 2030.
Recently, the company raised NKr3bn (€297m) through issuing new shares, plus an over-allotment (greenshoe option) bringing total proceeds raised in the offering to Nkr3.45bn.
The private placement was multiple times over-subscribed and attracted significant interest from leading domestic, Nordic and international institutional investors, Aker Clean Hydrogen said.
Rokke added: “We are pleased to see such interest in the placement amongst high-quality domestic and international investors.
“Aker Clean Hydrogen now has a strong financial starting point to address the massive market potential of industrial scale clean hydrogen production, globally.”
Aker Clean Hydrogen will develop, build, own, and operate clean hydrogen production at scale.
Projects include a cooperation with Statkraft and Yara to establish Europe’s first industrial-scale green ammonia project in Norway, the 450MW Heroya plant.
The company is also partnering with Mainstream Renewable Power to target green hydrogen and ammonia opportunities in Chile.