Multiconsult

Multiconsult awarded contract from Aker Solutions for second phase of the Northern Lights carbon storage project

Multiconsult ASA (Oslo: Multi)

Multiconsult Norge AS has been awarded a contract by Aker Solutions to provide

key civil engineering expertise for the Northern Lights Phase 2 project, where

Equinor act as technical service provider on behalf of the Northern Lights joint

venture, which is owned by Equinor, Shell, and TotalEnergies. Multiconsult will

provide qualified personnel on a hire-in basis to work as an integral part of

Aker Solutions' project team, representing the civil disciplines. To support the

architectural aspects of certain parts of the project, Multiconsult will hire

personnel from fully owned subsidiary, LINK Arkitektur AS.

"The Northern Lights project plays a key role in the reduction of industrial

emissions in Europe and fits well into our strategy of being an enabler of the

green transition. Therefore, I am very pleased that Multiconsult has received a

contract also for the second phase of this groundbreaking project," says

Multiconsult's CEO Grethe Bergly.

For Multiconsult, the scope of work includes detailed design and site

supervision of civil works for the substation building, foundations for all

equipment, and the outdoor area. The Northern Lights Phase 2 project aligns with

Multiconsult's strategic goals of contributing to sustainable development and

environmental protection.

The contract value for Multiconsult is around NOK 27 million, increasing to

around NOK 40 million including site supervision. Initial work is set to

commence during the second quarter of 2025. The majority of Multiconsult's work

under this contract is expected to be completed by the first quarter of 2026,

with the entire project planned to be completed by 2028.

About the project: Northern Lights Phase 1 is part of Norway's Longship project

that will establish a full-scale value chain for CO2 capture, transport, and

storage services. The first phase development of Northern Lights is completed

and ready to receive CO2 from Norwegian and European industrial emitters. Phase

2 of Northern Lights will increase the transport and storage capacity from 1.5

million to a minimum of 5 million tonnes of CO2 per year and is enabled by a

grant from the Connecting Europe Facility for Energy (CEF Energy) funding

scheme.

For further information, please contact:

Investor relations:

Pål-Sverre Jørgensen, Group Treasurer & IRO

Phone: +47 416 11 161

Media:

Cato A. Mørk, Senior Communication Advisor

Phone: +47 924 55 663

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