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HitecVision and Agder Energi form industrial partnership

Norway has some of the world’s best conditions for building green industries. The new partnership between Agder Energi and HitecVision aims to take advantage of that by developing new companies for the coming energy transition.

- There are strong forces in Europe and Norway driving and supporting sustainable solutions to meet the climate targets. We are partnering with HitecVision to develop new business opportunities that will help confirm Norway’s position as a leading energy nation in the green future, says Steffen Syvertsen, CEO of Agder Energi.

- We have strong foundations for developing new, green industries in our region. Our surplus of renewable energy, available space and a large and advanced offshore energy cluster are important parts of our competitive edge. In addition we are located close to Europe and some of the best offshore wind resources in the world, providing opportunities for profitable growth in a sustainable future, adds Syvertsen.

EU has announced its aim of phasing out the use of oil and gas by 2050, with significant reductions as early as 2030. Norway is in a good position to keep its position as a key energy provider in Europe through targeted activities within power exports, offshore wind and hydrogen. The partnership between HitecVision and Agder Energi unites two leading players in the energy industry, targeting the many current opportunities to create value and accelerate the energy transition.

Ole Ertvaag, CEO and Founding Partner of HitecVision comments: - We have been building companies in the oil and gas industry for more than 35 years, and we are now seeing ever more opportunities in the renewables sector and infrastructure. With this agreement we are combining the strong position and deep competencies of Agder Energi within renewables with HitecVision’s long experience in establishing and developing new companies. Together, we will be able to create profitable and sustainable industrial projects in these fast-growing markets.

The partners are already discussing a number of industrial opportunities that may create new jobs and support the transition to a more sustainable future.