A new initiative is our establishment of a competence center for green industrial initiatives in Narvik. The region has good access to renewable energy, good transport connections and a local community that shows climate leadership. As part of Aker’s investment in industrial software and industrial technology , we will, together with the region’s power company, Nordkraft, build and operate a data center.
Aker Horizons invests in real estate and companies as a platform for innovation and the establishment of businesses in hydrogen, green steel, battery production and potentially new CCS projects for external customers.
We were invited by the municipality to collaborate on the development of industrial activity by refining and converting competitive and clean hydropower into green jobs and sustainable export industries.
We would never have had this opportunity if Aker was a pure PE and management company. The combination of Aker’s long-term industrial commitment, access to resources, adaptability and drive, makes it possible. As an industrial locomotive, Aker will attract private and public partners and suppliers. In order to realize the plans in Narvik, more than NOK 50 billion will probably have to be invested.
It is not possible to achieve without combining industrial ownership with access to the right type of capital on competitive terms. Our entry into active asset management allows for that. Aker will sew this together holistically. For Aker, the Narvik investment will be a prototype of the Aker of the future, where active asset management gives us the opportunity to take an even bigger step as an industrial developer.
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Focuses on green energy
NRK has previously written about what the plans entail.
In October, the company launched plans for a major investment in green energy in Narvik.
Aker’s green subsidiary Aker Horizons has already spent NOK 500 million on buying up large areas in the municipality for the purpose.
Among other things, they will focus on green steel, hydrogen, batteries and data centers. Aker’s ambition is also to make Narvik a green competence center for Norway.
– Aker has exciting businesses elsewhere in the country, but there is no other place that gathers as much green business as Narvik does, Øyvind Eriksen told the local newspaper Forwards when he presented the plans.
During the press conference, Eriksen emphasized that Aker also wants to build society in the region.
– We want to create Narvik as a good place to grow up, a good place to work and a good place to live.
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Røkke company launches major industrial investment in Narvik. See footage of the press conference here.
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– A new time calculation for Narvik
For mayor Rune Edvardsen, this is like music to his ears.
– With everything that Aker wants to do in Narvik, we all understand that there will be huge sums. We look forward to getting started. It will be a new time calculation for Narvik. We are about to enter a new era of rallies.
– In the 60s, Narvik was Northern Norway’s largest city. Since then, the regional centers Bodø and Tromsø have grown a lot, while in Narvik there has been a status quo. Recently, Narvik has also had a decline in population. We hope to do something about it, says the mayor.
Throughout its history, Narvik has been an industrial city. The cornerstone company has been the Swedish mining company LKAB, which has transported ore with the Ofot line from northern Sweden.
– If there is something we can and have been doing, it is industry. Now we are gearing up for a new industrial adventure.
Because it is not just Aker that has big plans in the ore city.
This winter, Teco launched 2030 plans for the production of hydrogen fuel cells in Narvik. The hydrogen company was informed yesterday that they will receive NOK 50 million from Innovation Norway. The company has ambitions for 500 jobs in Narvik.
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