Aker Clean Hydrogen today released results for the first quarter of 2022, during which the company advanced the maturation of its clean hydrogen projects in
Key developments included:
- Announcement of a proposed merger with
Aker Horizons strengthen the integration of hydrogen production with downstream applications in large-scale hybrid decarbonization projects, such as in Narvik,Norway andChile - Establish a partnership with Statkraft to collaborate on the production of green hydrogen and ammonia in
India andBrazil - Concluded a collaboration agreement with PEAK Group, a Norwegian logistics company with approximately 30 vessels in operation, for the delivery of green hydrogen and ammonia to their fleet of new and existing vessels
- Successfully complete the feasibility phase of the Rjukan hydrogen hub and continue the concept selection phase
- Target power-to-X opportunities in
Uruguay with collaboration agreements signed with the leading operator and distributor of LPG inUruguay Acodike Supergas and theCalifornia producer of renewable dimethyl ether (DME),Oberon Fuels - Enter into a series of partnerships with global industrial players such as
Kuehne+Nagel ,Edge Grieg andAkerBP to allow the levy of green fuel in the maritime sector - Demonstrate good progress in developing Aker Clean Hydrogen’s proprietary factory architecture, enabling modular factories and low-cost scaling. Strategic suppliers for key equipment shortlisted and design competition launched
- End of participation in the Hegra green ammonia project, alongside Statkraft
Several regulatory developments that were announced in the first quarter bring strong tailwinds to the hydrogen economy. On
Also in the first trimester,
“Recent developments in global energy markets show that the world now needs clean, cost-competitive hydrogen. Hard-to-reduce energy-intensive industries, such as steel, shipping and fertilizers, seek to leverage the green energy transition The steel industry needs large amounts of green and blue hydrogen to decarbonize its production process, and the same is true for the shipping and fertilizer industry, where future winners are those who successfully transition from gray ammonia to green and blue ammonia. excited that we will now accelerate the development of large-scale hybrid decarbonization projects globally by merging with
Merger project with
On
Completion of the merger is subject to customary closing conditions, including approval by ACH stockholders and the board of directors of
Financial results
The turnover for the first quarter of 2022 is
ENDS
Media contact:
Mathias Nilsen Reierth, mobile: +47 988 05 724, e-mail: [email protected]
Investor contacts:
Christian Yggeseth, mobile: +47 915 10 000, email: [email protected]
About Aker Clean Hydrogen
Aker Clean Hydrogen aims to develop, build, own and operate clean hydrogen production on an industrial scale.
This information is considered inside information under the EU Market Abuse Regulation and is subject to disclosure requirements under section 5-12 of the Norwegian Securities Act. This
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