Aker Carbon Capture has signed a Memorandum of Understanding (MoU) with
Microsoft to pursue joint innovation and explore opportunities to offer services
in the Carbon Capture, Utilization and Storage (CCUS) market.
CCUS is a critical solution to achieve the large carbon reductions and removals
needed for the world to reach net zero emissions. New and innovative business
models that cover both physical and digital value chains and enable companies to
move forward fast, are required. This is why Aker Carbon Capture and Microsoft
have agreed to explore ways of using the combined strength of the two companies'
technology expertise.
Aker Carbon Capture and Microsoft will demonstrate the full value chain of
carbon reduction and removal utilizing Aker Carbon Capture's proprietary CCUS
technology and Microsoft's digital capabilities to enable the ecosystem for the
voluntary carbon market, providing traceability and data - ensuring high-quality
carbon credits.
Accelerating Deployment of Carbon Capture
Aker Carbon Capture's purpose is to enable large-scale carbon reduction and
removal from industry around the world. With the introduction of Carbon Capture
as a Service, the barriers for emitters to act on their emissions are
significantly lowered. The company is determined to scale its solutions while
being aligned to the Paris Agreement. It aims to halve the carbon intensity of
its carbon capture solutions by 2030 and to be 'net negative' in the same
period.
"Collaboration is the key to success and a pre-requisite for reaching net zero.
By fully using the digital capabilities and domain expertise of our two
companies we can support industrial emitters to take action and accelerate the
deployment of carbon capture," said Valborg Lundegaard, Chief Executive Officer
of Aker Carbon Capture.
"The science is clear; we all need to reduce our emissions as much as possible
and remove carbon from the atmosphere in order for the world to reach net zero.
In Aker Carbon Capture we have a partner that supports this goal and together,
we aim to enable the industrial sector to move with pace and scale toward a net
zero future by leveraging the power of technology," says Darryl Willis, CVP of
Energy Industry at Microsoft.
The agreement was signed by Aker Carbon Capture CEO, Valborg Lundegaard and CVP
of Energy Industry at Microsoft, Darryl Willis. The parties have a shared goal
of accelerating the development of a functioning marketplace for CCUS and
believe that the combined technical expertise will allow to further strengthen
these efforts.
At the Forefront
Microsoft and Aker Carbon Capture have a history of successful collaboration,
including an MoU with Danish energy company Ørsted to explore opportunities to
deploy carbon capture at a bio energy plant in Denmark.
ENDS
Media contact:
Ivar Simensen, mob: +47 464 02 317 (http://tel:+47 464 02 317), email:
ivar.simensen@akerhorizons.com
Investor contacts:
Christian Yggeseth, mob: +47 915 10 000 (http://tel:+47 915 10 000), email:
christian.yggeseth@akerhorizons.com
David Phillips, mob: +44 7710 568279 (http://tel:+44 7710 568279), email:
david.phillips@akercarboncapture.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
-capture), Facebook (https://facebook.com/akercarboncapture),
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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/).