A

Aker Solutions

Designs and builds offshore energy infrastructure

Overview

Aker Solutions designs and builds the offshore energy infrastructure that powers oil, gas, offshore wind, and carbon capture projects. It provides engineering, procurement, and construction services for complex facilities such as subsea systems, topside modules, and integrated platforms, guiding a project from concept through fabrication, installation, and commissioning. The company combines deep engineering know-how with long industry experience, including historic innovations like the Condeep concrete platform, and now operates as part of a broader energy-transition focus after merging with Kvaerner. This mix helps it differentiate from competitors by offering integrated, turnkey solutions across challenging environments and through the full lifecycle of offshore assets. Its goal is to enable reliable energy production today while advancing offshore wind and carbon capture to support a lower-carbon future.

Work here?Claim your company

About Aker Solutions

Simplify's Rating
Why Aker Solutions is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Industrial & ManufacturingEnergy

Company Size

10,001+

Company Stage

IPO

Headquarters

Tromsø, Norway

Founded

1841

Get referred to Aker Solutions

See people who can refer or advise you

Simplify Jobs

Simplify's take

What believers are saying

  • October 28, 2026 backlog reached NOK 69.3 billion, cushioning near-term execution risk.
  • November 5, 2026 Maydan Mahzam award adds engineering work in Qatar's offshore market.
  • October 8, 2026 Nes hydropower modernization and October 5 Canada wind study broaden transition revenue.

What critics are saying

  • On October 28, 2026, Aker guided 2027 revenue down to NOK 35-40 billion.
  • January 2026 restructuring cut over 500 jobs, including about 300 at Verdal.
  • Legacy lump-sum projects remain commercially and operationally challenging, threatening margins into 2027.

What makes Aker Solutions unique

  • Aker Solutions still combines subsea engineering, lifecycle services, and CCS expertise across markets.
  • Its October 2026 BP frame agreement expands North Sea integrity work and locks in recurring revenue.
  • The 2026 Med Wind seabed substation contract showcases differentiated floating-wind infrastructure engineering.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$5.8M

Above

Industry Average

Funded Over

5 Rounds

Grant funding comparison data is currently unavailable. We're working to provide this information soon!
Grant Funding Comparison Coming Soon

Stock Price

Growth & Insights and Company News

6 month growth

0%

1 year growth

-2%

2 year growth

-2%
Innovation Norway
Oct 30th, 2026
Norwegian subsea solutions bring down floating wind costs.

Norwegian subsea solutions bring down floating wind costs. An offshore wind farm is so much more than majestic turbines on the water's surface, blades rotating in the wind. In fact, Norway's offshore wind expertise lies well beyond the wind turbine itself. Take substations, for instance. Typically located topside, they collect and export the electricity generated by the wind turbine generators. Now, Norwegian companies are developing substations to be placed on the seabed to improve efficiency and cut costs. Subsea substations offer technical and economic advantages in floating wind. One of these is Aker Solutions, which recently signed a contract to design the underwater substations for Med Wind, the first large-scale floating offshore wind farm in the Mediterranean Sea. The agreement with Renexia involves the design of eight modules, two for each section of the Med Wind park, to be laid on the seabed of the Strait of Sicily at a depth of 520 to 660 metres. Aker Solutions' module was chosen for its technological efficiency and low impact on the marine ecosystem. Moreover, the components will not require major maintenance work for the 25 years of Med Wind's concession, resulting in significant cost savings. Aker Solutions will work in close cooperation with its partner ABB, with whom it is also developing a subsea power distribution system for floating offshore wind at the METCentre in Haugesund, Norway. ABB is developing a complete electrical system that brings a topside solution underwater. The technology includes a subsea transformer, subsea switchgear and a subsea control module. Studies have shown that collecting wind power to feed subsea substations could reduce costs by 30 to 40 per cent compared to a topside solution at water depths greater than 60 to 70 metres. The cost savings could be even higher in water depths exceeding 100 metres. Groundbreaking robotics solutions are emerging from Norwegian offshore technology companies. Global offshore wind relies on advanced robotics for subsea inspection, maintenance and repair (IMR). These solutions reduce risk in terms of costs as well as human safety and will have an even more crucial role as wind farms are placed farther offshore, in deeper seas and harsher environments. Many offshore wind robots are uncrewed underwater vehicles. Some are autonomous underwater vehicles (AUVs), which conduct independent, pre-programmed missions without operator intervention, while remotely operated vehicles (ROVs) are connected to a vessel by a series of cables that transmit command and control signals between the operator and the ROV. AUVs are a main focus of Argeo, a pioneering robotics company in survey and inspection. "We use a suite of vehicles, advanced robotics and digital solutions to provide insight from seabed mapping," states Thorbjorn Rekdal, CTO of Argeo. In recent developments, Argeo has secured six patents in the field of subsea electromagnetic and acoustic sensor technology, and been awarded a contract to carry out the initial site investigation survey for an offshore wind project in Northern California. Another innovator, SubC3D has designed an ROV for deep sea inspection and is now developing a specialised subsea monitoring system for floating offshore wind. Data from the ROV is transferred to a 3D model and can be used to monitor subsea cables, structures, anchoring and wildlife at wind farms. "The benefit of having a resident unit at each turbine lets operators conduct subsea surveys every day as opposed to as needed. The data can be used to resolve an issue before it becomes a serious one," explains Einar Magnus Mjåtvedt-Fiskaaen, CTO of SubC3D. High-tech motion sensors monitor floating turbines. While all wind energy production requires sensors, floating offshore wind presents special challenges. Unlike bottom-fixed turbines, floating turbines are prone to six degrees of platform motion, which can affect the power generation, structural life, operation and maintenance of the turbine. To address this challenge, Norwegian Subsea delivers small, high-accuracy motion sensors that measure real time attitude (roll, pitch and yaw) and linear motions (surge, sway and heave), including the corresponding velocities and accelerations. Data from the sensors is processed with a novel sensor fusion algorithm, providing crucial decision support for floating wind operations. Another notable company is 4Subsea, whose sensors monitor both floating and bottom-fixed offshore wind substructures to detect anomalies. Complementary software interprets data from the sensors, and digital twins of the real-life offshore structures are used to predict potential problems, which can then be addressed. This may mean setting maintenance and repair work in motion. Kongsberg Ferrotech has come far in developing a family of subsea robots for in-situ IMR of underwater assets. In offshore wind, this includes turbine substructures, subsea power cables and the like. "Our robots conduct these operations in a completely new way, with less risk, in less time and with fewer resources. We bring the workshop to the damage, not the damage to the workshop," says Christopher Carlsen, CEO of Kongsberg Ferrotech. Data mining improves subsurface risk management. Good subsurface risk management lowers offshore wind costs while boosting safety for humans and the environment. One company doing precisely this is GeoProvider, a pioneer in data processing for offshore wind. The company's solutions reduce subsurface risk during a wind project's life cycle - from site selection to full-scale operation to end-of-life restoration. "What sets GeoProvider apart is our groundbreaking technology," states Wim Lekens, CTO of GeoProvider. "We provide wind farm developers with detailed information on ground conditions using advanced data mining and seismic processing. This ensures the best site selection and design decisions." The company does this without the use of intrusive data acquisition methods such as shooting seismic. It also identifies sensitive habitats such as coral reefs, preventing biodiversity loss from project start-up. "Better control of data gives developers deeper knowledge of the site. Through data-based decision making, they can minimise risks, optimise installations and thus reduce installation and operational costs."

Yahoo Finance
Oct 28th, 2026
Aker Solutions falls 5% as 2027 revenue guided down 30% to $3.3-3.7B

Shares in Aker Solutions fell more than 5% on Wednesday after the Norwegian oilfield engineering group guided to a roughly 30% drop in 2027 revenue. It expects NOK 35-40 billion, with an EBITDA margin of 7-8%, as it cuts costs to match lower expected activity. Third-quarter order intake was NOK 5.40 billion, down from NOK 10.32 billion a year earlier. Backlog stood at NOK 69.35 billion, against NOK 77.17 billion in the second quarter. Revenue fell to NOK 13.46 billion from NOK 16.98 billion, which Aker said was in line with expectations after peak activity in 2025. EBITDA excluding one-off items was NOK 1.29 billion, with a margin of 9.6%. Aker called its legacy lump sum projects "commercially and operationally challenging" and said commercial discussions are ongoing.

PR Newswire
Oct 28th, 2026
Aker Solutions posts $1.2B Q3 revenue, lifts 2026 outlook but warns of 2027 decline

Aker Solutions reported third-quarter 2026 revenue of NOK 13.5 billion, in line with expectations after peak activity in 2025. Underlying EBITDA was NOK 1.3 billion, a margin of 9.6%, or 7.7% excluding net profit from SLB OneSubsea. Order intake was NOK 5.4 billion, and backlog stood at NOK 69.3 billion. Net cash rose to NOK 5.8 billion. The company expects 2026 revenue of NOK 53 billion to NOK 55 billion, with an EBITDA margin of 7.5% to 8.0% excluding SLB OneSubsea. For 2027, it expects revenue to fall to NOK 35 billion to NOK 40 billion. Aker Solutions is cutting costs and aligning capacity with lower activity.

BBNS
Oct 27th, 2026
Aker Solutions ASA (AKRTF) expected to release earnings on Wednesday.

Aker Solutions ASA (AKRTF) expected to release earnings on Wednesday. Posted by Don Miller on Oct 27th, 2026 Aker Solutions ASA (OTCMKTS:AKRTF - Get Free Report) will likely be releasing its results before the market opens on Wednesday, October 28th. Analysts expect Aker Solutions ASA to post earnings of $0.1545 per share and revenue of $1.46 billion for the quarter. Aker Solutions ASA price performance. Aker Solutions ASA stock opened at $4.00 on Tuesday. Aker Solutions ASA has a 52-week low of $2.92 and a 52-week high of $5.15. The firm has a fifty day moving average of $4.44 and a 200-day moving average of $4.30. Aker Solutions ASA company profile. Discover more Stock trading guide Share market analysis Financial news subscription Aker Solutions ASA is a Norway-based engineering, technology and services company serving the energy industry. The company provides project development, engineering, procurement, construction, installation and lifecycle services for offshore and onshore energy facilities. Its activities have traditionally centered on the oil and gas sector, including subsea production systems, offshore platforms, wellstream processing, maintenance, modifications and decommissioning. Aker Solutions also develops and delivers technologies and services for lower-carbon energy projects, including carbon capture, utilization and storage, offshore wind, hydrogen and other electrification initiatives. The company serves energy operators and industrial customers internationally, with operations and projects across regions including Europe, the Americas, Asia-Pacific and the Middle East. Receive News & Ratings for Aker Solutions ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aker Solutions ASA and related companies with MarketBeat.com's FREE daily email newsletter.

Oil and Gas Press
Oct 8th, 2026
08 oct Aker Solutions awarded Nes hydropower upgrade by Hafslund Kraft.

08 oct Aker Solutions awarded Nes hydropower upgrade by Hafslund Kraft. (Oilandgaspress) October 8, 2026, - Aker Solutions has been awarded a contract by Hafslund Kraft for the modernization of Nes Power Station in Buskerud, Norway, one of the country's most significant hydropower upgrades. With an installed capacity of 332 MW and annual generation of approximately 1.5 TWh, Nes Power Station is one of the major contributors of renewable energy to the Norwegian power system. The modernization programme will increase capacity by approximately 80 MW and annual production by around 37 GWh, while extending the plant's operational lifetime and reliability. Discover more Track Oil Prices Compare Utilities "We are proud to partner with Hafslund Kraft on one of Norway's most ambitious hydropower modernization projects. By upgrading proven assets, we can unlock additional renewable energy production, increase flexibility and help secure reliable power supply for decades to come," said Jo Kjetil Krabbe, Executive Vice President for the Power Solutions segment in Aker Solutions. Aker Solutions' scope includes replacement and modernization of the non-embedded turbine components for 4 x 83MW Francis units, upgrade of the governor control systems as well as rehabilitation of the main inlet valves. In addition, to increase flexibility and enable 80MW power capacity increase with the existing more than 30km long headrace tunnel, Aker Solutions will deliver a digital twin of the plant to support data-driven optimization of operations. This builds on Aker Solutions' previous experience in hydropower digitalization, including digital twin implementations at other hydropower stations in Norway. "Projects like Nes demonstrate that modernizing hydropower assets is one of the most effective ways to increase clean energy production while minimizing environmental impact," said Krabbe. The work on the project has already started with final delivery scheduled for 2032.

Recently Posted Jobs

Sign up to get curated job recommendations

There are no jobs for Aker Solutions right now.

Find jobs on Simplify and start your career today

We update Aker Solutions's jobs every few hours, so check again soon!Browse all jobs