Aker Horizons
John Strandruds vei 10-12, Fornebu, Akershus, 1360, Norway
Overview
Aker Horizons is a planet-positive investment company dedicated to incubating and developing companies that solve fundamental challenges to sustainable existence – or planet-positive investing. Aker Horizons has a dedicated team working to build companies that can meaningfully reduce CO2 emissions while creating substantial value over time. Aker Horizons is a wholly-owned subsidiary of Aker ASA, a Norwegian industrial investment group listed on the Oslo Stock Exchange.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 4
Sector focus
- Incubators
- Renewable Energy
Investment portfolio
- SuperNode
Participated · Equity · Oct 2024
SuperNode is a Dublin-based renewable tech startup founded in 2018 by the late Dr. Eddie O’Connor that develops next-generation superconducting cable systems. Its product uses liquid nitrogen to cool cables to cryogenic temperatures, bringing materials into superconductivity to transmit power with zero electrical losses and much higher power density. SuperNode says its cables can be up to five times more powerful than conventional cables at much lower voltage levels while reducing losses, costs, footprint, and infrastructure needs. The company plans commercial availability of its superconducting cables by the end of the decade and has teamed up with CERN to improve its systems. It has announced plans to invest €40 million into research and development and operates development and testing at facilities in Dublin and Blyth. The recent €8 million funding will support prototype testing, demonstration projects, further technology development, and efforts to bring the technology to market to aid decarbonisation and energy independence.
- Mainstream Renewable Power
Led · Equity · Nov 2021
Mainstream Renewable Power is a pure-play renewable energy company developing gigawatt-scale wind and solar assets and participating in the global offshore wind sector. The company manages a pipeline of more than 16.2 gigawatts of wind and solar assets across Latin America, Africa, Asia Pacific and the global offshore wind sector. It intends to use new capital to accelerate new market entries and the build-out of projects across Latin America, Africa and the Asia Pacific region. Mainstream has secured recent strategic wins including preferred bidder status on 1.27 GW of projects in South Africa, launching the 1 GW Nazca Renovables platform in Chile, securing an investment decision for the 1.4 GW Phu Cuong Soc Trang offshore wind project in Vietnam, and constructing the 1.37 GW Andes Renovables platform in Chile. The firm has raised more than EUR3.0bn in project finance to date and employs more than 420 people across five continents. Led by CEO Mary Quaney, Mainstream is majority-owned by Aker Horizons following a May 2021 agreement in which Aker took a 75% equity stake.