Aker Carbon Capture (ACC) and Siemens Energy have signed a memorandum of
understanding aimed at developing combined offerings for carbon capture
solutions that can be applied to gas turbines and gas-fired power plants.
The parties will explore a technology collaboration to further advance technical
optimization within the whole process of power generation and carbon capture
combining ACC's HSE-friendly capture technology with Siemens Energy's market
leading portfolio of offerings in the energy sector. ACC and Siemens Energy will
also explore ways to jointly fast-track development of major projects globally.
The global collaboration will initially focus on the European market for new and
existing low-carbon power generation where a combination of new turbines and
carbon capture and storage (CCS) can provide sustainable solutions fit for the
21st century.
"The drive towards net zero carbon emissions is gaining speed throughout the
energy industry," said Karim Amin, Executive Vice President for Power Generation
at Siemens Energy. "We are pleased to cooperate with Aker Carbon Capture
providing our customers with highly efficient gas turbines equipped with highly
efficient carbon capture solutions to support their decarbonization journeys."
"The speed of the energy transition should be accelerated further, and
industrial partnerships are needed to power the transformation," says Chief
Executive Officer of Aker Carbon Capture, Valborg Lundegaard. "I personally
believe that a collaboration between Aker Carbon Capture and Siemens Energy can
create significant momentum in the market."
Gas-fired power plants contributed 23 percent of global power generation in
2019, according to the International Energy Agency. In Europe, gas use in power
generation increased by around 4 percent as countries switched from coal to gas,
thereby reducing emissions levels. Applying carbon capture to gas-fired power
plants limits the emissions entering the atmosphere and, in many regions,
further supports the case for gas power as part of a sustainable energy mix.
"An aligned product portfolio of low carbon power solutions for industry and
energy production with carbon capture, is a very strong offering," says Chief
Commercial Officer in Aker Carbon Capture, Jon Christopher Knudsen. "Combining
more than 20 years of history in developing carbon capture solutions with
Siemens Energy's decades of industry leadership in power solutions, will bring
valuable benefits for our clients and society."
ENDS
Media Relations:
Ivar Simensen, mob: +47 464 02 317, email: ivar.simensen@akerhorizons.com
Aker Carbon Capture is a pure play, carbon-capture company with solutions,
services and technologies serving a range of industries with carbon emissions,
including the cement, bio and waste-to-energy, gas-to-power and blue hydrogen
segments. Aker Carbon Capture's proprietary, carbon-capture technology offers a
unique, environmentally friendly solution for removing CO\2\ emissions.
Visit akercarboncapture.com (https://www.akercarboncapture.com/) and connect
with us on LinkedIn (https://www.linkedin.com/company/aker-carbon
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YouTube (https://www.youtube.com/channel/UCqE71jAZxmM-CNhfUQq86kQ).This press
release may include forward-looking information or statements and is subject to
our disclaimer, see akercarboncapture.com (https://www.akercarboncapture.com/)
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 stock exchange announcement was published by Katja Aanestad, Marketing
Communications, Aker Carbon Capture on March 23, 2021 at CET 09:00.