Aker Horizons unit gets NOK 50 million in green loans from Innovation Norway

By Mary-Katherine Stinson

Lexington, Ky., June 1 – Aker Horizons ASA’s wholly owned asset development arm Aker Horizons Asset Development received funding from Innovation Norway for its green hydrogen production facility in Rjukan, Norway, according to a press release.

The funding from the Norwegian government entity totaling up to NOK 135 million is comprised of up to NOK 50 million in green growth loans plus an additional up to NOK 85 million in grants for the Rjukan project, subject to certain terms and conditions.

Aker Horizons plans to make a final investment decision for Rjukan by the end of 2023, with an estimated commercial operation date in 2025.

The renewable energy investment company is based in Oslo.

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