Aker advances plan to launch €1bn energy transition fund

Norwegian company also unveils plan to form green industrial hub at site north of Arctic Circle

Aker Horizons is developing plans to establish a €1bn ($1.2bn) energy transition fund with a focus on infrastructure assets related to carbon capture, hydrogen and electrification. The Norway-based company is in “advanced talks” with a leading global financial services provider as a potential anchor investor. The fund would be managed by Aker. “Asset management for planet-positive investing has been identified as a potential new business segment,” the company says in its third-quarter earnings report. “With Aker Horizons’ access to projects, industrial capabilities and technology, the company is positioned to generate attractive investment opportunities for institutional investors.” Potentia