Aker Solutions has set out plans to derive 20% of its revenue from renewables and 25% from low-carbon solutions by 2030.
Following its third quarter results, the firm said it will seek to have a “more balanced portfolio of products and technologies” over the next decade for renewable energy or reducing emissions.
Oil and gas will remain its biggest market.
Aker Solutions said the renewable energy solutions would primarily come from floating wind, while the low-carbon segment is already part of its offering in areas like carbon capture, utilisaiton and storage, subsea gas compression, electrification of assets and unmanned platforms.
The target is labelled by the company as “20/25/30”.
Chief executive Luis Araujo said: “The world will continue to see rising energy demand and the challenge for our industry is the need to deliver this with a significantly lower carbon emissions.
“No company is better positioned than Aker Solutions to deliver the solutions to realise renewable energy offshore and at the same time decarbonise the oil and gas industry.
“Growth in segments such as renewables and CCUS increases the addressable market for Aker Solutions.
“Our ambition is to become the recognised leader in low carbon offerings and sustainable solutions. We will achieve this through realising our long-term ambition of 20/25/30.”
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