Aker Solutions — Regulatory Filings 2021

Feb 17, 2021

Aker Solutions Wins FEED Contract for Empire Wind Project in the U.S.

Aker Solutions Wins FEED Contract for Empire Wind Project in the U.S.

February 17, 2021 - Aker Solutions has signed a front-end engineering and design

(FEED) contract with Empire Offshore Wind LLC to study the design and delivery

of concrete foundations for the wind turbine generators (WTG) for the planned

Empire Wind project in New York. Empire Wind is being developed by Equinor and

BP through their 50/50 strategic partnership in the U.S.

Aker Solutions will analyze how to design, construct and install concrete

substructures standing on the seafloor to support the WTGs. The scope also

includes analysis of construction methods and models for marine operations to

install the structures. The company will use its world-leading track record from

previous deliveries of concrete substructures to support the partnership in

defining effective solutions for the Empire Wind project.

Aker Solutions' front-end engineering work will also benefit several U.S.-based

partners and suppliers. This includes construction company Kiewit Infrastructure

Inc. and regulatory and permitting expert McLaren.

Over the past 50 years, Aker Solutions has become recognized globally for

delivering complete oil and gas developments, safely and on time and budget. The

company is the international leader for delivering concrete substructures to

demanding offshore projects.

"In recent years, we have increased our activity within low-carbon and renewable

energy projects, and offshore wind is a key growth area. Aker Solutions is

already delivering concrete hulls to Equinor's Hywind Tampen offshore floating

wind project. We are pleased to see that the Empire Wind development is

considering using proven concrete technology, and that we can contribute with

our expertise," said Kjetel Digre, chief executive officer of Aker Solutions.

The FEED award for Empire Wind follows the completion of the pre-FEED won in

2019. The work starts immediately and will be completed in August 2021.

ENDS

Media Contact:

Torbjørn Andersen, mob: +47 928 85 542, email:

torbjorn.andersen@akersolutions.com

Investor Contact:

Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com

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 to meet future energy needs. By combining innovative digital

solutions and predictable project execution we accelerate the transition to

sustainable energy production. Aker Solutions employs approximately 14,000

people in more than 20 countries.

Visit akersolutions.com and connect with us on

Facebook (https://www.facebook.com/AkerSolutions/),

Instagram (https://instagram.com/akersolutions/),

LinkedIn (https://www.linkedin.com/company/aker-solutions),

Twitter (https://twitter.com/akersolutions) and

YouTube (https://www.youtube.com/akersolutions).

This press release may include forward-looking information or statements and is

subject to our disclaimer, see https://akersolutions.com

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.