Aker Clean Hydrogen today published the results for the first quarter of 2022, during which the company advanced the maturing of its clean hydrogen projects in
Key developments included:
- Announcing a merger plan with
Aker Horizons to strengthen the integration of hydrogen production with downstream applications in large-scale hybrid decarbonization projects, such as in Narvik,Norway andChile -
Establishing a partnership with Statkraft to collaborate on green hydrogen and ammonia production in
India andBrazil - Entering a collaboration agreement with PEAK group, a Norwegian logistics company with approximately 30 ships in operation, for the delivery of green hydrogen and ammonia to their fleet of new and existing vessels
- Successfully completing the feasibility phase of Rjukan hydrogen hub, and proceeding with the concept selection phase
-
Targeting power-to-X opportunities in
Uruguay with collaboration agreements signed with the leading operator and distributor of LPG inUruguay , Acodike Supergas, and theCalifornia -based renewable dimethyl ether (DME) producer,Oberon Fuels -
Entering a series of partnerships with global industrial players such as
Kuehne+Nagel ,Grieg Edge andAker BP to enable green fuel offtake in the maritime sector - Demonstrating good progress in the development of Aker Clean Hydrogen's proprietary plant architecture, enabling modular-based plants and low-cost scale-up. Strategic vendors for key equipment short-listed and design competition initiated
- Exiting participation in the Hegra green ammonia project, along with Statkraft
Several regulatory developments that were announced in the first quarter provide strong tailwinds for the hydrogen economy. On
Also in the first quarter,
"Recent developments in the global energy markets show that the world is in need of cost-competitive, clean hydrogen now. Energy-intensive hard-to-abate industries, such as steel, shipping and fertilizer, are seeking to leverage the green energy transition. The steel industry needs large amounts of green and blue hydrogen to decarbonize their production process, and the same goes for both shipping and fertilizer industry, where the future winners are those who will successfully transition from grey to green and blue ammonia. I'm excited that we will now accelerate the development of large-scale hybrid decarbonization projects globally by merging with
Merger plan with
On
Completion of the merger is subject to customary closing conditions, including approval by the shareholders of ACH and the Board of Directors of
Financial results
Revenue for the first quarter of 2022 was
ENDS
Media contact:
Mathias Nilsen Reierth, mob: +47 988 05 724, email: mathias.reierth@akerhorizons.com
Investor contact:
Christian Yggeseth, mob: +47 915 10 000, email: christian.yggeseth@akerhorizons.com
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 to be inside information pursuant to the EU Market Abuse Regulation, and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This
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