Aker Solutions to Accelerate Carbon Capture and Removal Projects With Microsoft

Aker Solutions has signed an agreement with Microsoft to advance the maturity, bankability and delivery of carbon capture and storage (CCS) and carbon dioxide removal (CDR) projects across the globe.

Photo caption: Anette Holtedahl (Aker Solutions), Nina Simone Gunneng (Microsoft), Per Christian Honningsvåg (Microsoft), Jacob Bang (Microsoft), Luis Alvarez (Microsoft), Haakon Helgesen (Aker Solutions), Darryl Willis (Microsoft), Ole Henrik Ree (Microsoft), Henrik Inadomi (Aker Solutions), Øyvind Eriksen (Aker ASA), Guro Rausand (Aker Solutions), Henning Østvig (Aker Solutions), Paal Eikeseth (Aker Solutions), Kjetil Kristiansen (Aker Solutions), Kari Ertresvag (Aker Solutions).

Under the agreement, Aker Solutions will engage with developers, emitters, transport and storage providers, industry stakeholders and governments to support project development, reduce execution risk, strengthen investment readiness, including potential CDR credits, and accelerate progress towards final investment decisions (FID).

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The collaboration combines Microsoft's expertise in digital technologies, data, artificial intelligence (AI), monitoring, reporting and verification (MRV), and carbon markets with Aker Solutions' techno-economic advisory services and end-to-end engineering, procurement, and construction capabilities.

As selected CCS and CDR projects progress towards FID, the companies will provide integrated engineering and execution support, offering developers a single pathway from early-stage feasibility through to operations.

“Many carbon capture and removal projects face similar challenges as they move from concept to reality. As the market matures, success will depend on strong collaboration across the value chain. Joining forces with Microsoft, we aim to help project developers navigate complexity, strengthen business cases, and support the next wave of CCS and CDR projects,” says Kjetel Digre, CEO at Aker Solutions.

Microsoft has pledged to become carbon negative by 2030 and remove its historical emissions by 2050. To meet these ambitions, the company has helped scale the market for durable carbon dioxide removal through long-term purchasing agreements and transparently sharing its learnings.

“Microsoft supports collaborations that look holistically across the entire value chain, connecting physical infrastructure with trusted data, AI and digital MRV to help projects reduce risk, and move from ambition to execution. We are working with Aker Solutions to bring these complementary capabilities together and help accelerate credible CCS and carbon removal projects globally,” says Darryl Willis, corporate vice president, energy and resources at Microsoft.

The signing of the agreement took place at ONS in Stavanger, Norway.

Notes to editors:

ONS event: Aker Solutions and Microsoft will host a joint event at ONS tomorrow (Tuesday 25 August) at 12:45 CEST on the Aker Solutions stand (7180, Hall 7). Journalists are welcome to attend.

About Aker Solutions

Aker Solutions delivers integrated solutions, products and services to the global energy industry. We enable low-carbon oil and gas production and develop renewable solutions for the future. By combining innovative digital solutions and predictable project execution we accelerate the transition to sustainable energy. Aker Solutions ASA is rooted in more than 180 years of industrial history. Its global headquarters is in Fornebu, Norway.