Norway-based energy services provider Aker Solutions has joined forces with Microsoft to accelerate carbon capture and storage (CCS) and carbon dioxide removal (CDR) projects across the globe, aiming to cut execution risks and help developers move projects toward final investment decisions (FIDs).
The collaboration will enhance the maturity, bankability and delivery of carbon capture and removal projects, combining 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 (EPC) capabilities.
The Norwegian firm 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 toward final investment decisions.
Kjetel Digre, CEO at Aker Solutions, commented: “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.”
As selected CCS and CDR projects progress toward FID, the companies will provide integrated engineering and execution support, offering developers a single pathway from early-stage feasibility through to operations. The duo’s collaboration agreement was signed in Stavanger, Norway.
Microsoft, which has pledged to become carbon negative by 2030 and remove its historical emissions by 2050, has helped scale the market for durable carbon dioxide removal through long-term purchasing agreements and transparently sharing its learnings.
Darryl Willis, Corporate Vice President of Energy and Resources at Microsoft, emphasized: “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.”
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