Connect with us

Technology

Aker Horizons ASA: Second-quarter results 2024

Published

on

LYSAKER, Norway, July 16, 2024 /PRNewswire/ — Aker Horizons ASA (OSE: AKH), a developer of green energy and industry, today announced results for the second quarter 2024. Aker Horizons’ net capital employed stood at NOK 7.1 billion, an increase of NOK 1.9 billion from the first quarter, mainly driven by a gain from the Aker Carbon Capture-SLB transaction. The company reported a cash position of NOK 3.1 billion and an undrawn credit facility of EUR 500 million, giving available liquidity of NOK 8.8 billion.

Second quarter main developments:

Aker Carbon Capture ASA (ACC ASA) completed the transaction to combine its carbon capture business with SLB:ACC ASA received NOK 4.1 billion in cash consideration, increasing its Q2 cash position to NOK 4.5 billionACC ASA booked an accounting gain of NOK 4.9 billionThe combination and integration of ACCH and SLB’s carbon capture business progressed according to planMainstream Renewable Power (Mainstream) delivered on its strategy in Australia and Sweden:The company was awarded a 2.5 GW offshore wind license in the Gippsland region of Victoria and a 500 MW onshore wind permit in New South Wales, in AustraliaIn Sweden, the 2.5 GW Mareld floating offshore wind development received a positive recommendation for government approvalThe Andes Renovables platform in Chile maintained positive commercial margins in Q2 and recognized additional EUR 20m in revenues following publication of the first Tariff Stabilization Law decreeAker Horizons Asset Development (AAD) made progress on key projects and continued to explore data center opportunities for sites in Northern Norway:The Rjukan project was scaled up to 40 MW gaseous hydrogen capacity, leveraging existing allocation of 50 MW grid capacityA cooperation agreement was signed with a data center developer EPC company to explore powered shell opportunities in Northern NorwayFor the flagship Narvik Green Ammonia project, the pre-FEED was concluded and invitation to tender responses were received

Kristian Røkke, CEO of Aker Horizons, commented:

“The second quarter was marked by the successful completion of the announced joint venture between Aker Carbon Capture and SLB. The new company combines technology portfolios, expertise and operations platforms to accelerate carbon capture adoption for industrial decarbonization. Mainstream continued to execute on its prioritized project pipeline, notably with the award of major offshore and onshore wind licenses in Australia. We are also pleased to see progress on new opportunities for data centers at its sites in the Narvik region.”  

As of the second quarter 2024, Aker Horizons developed its financial reporting format to reflect a portfolio composed mainly of unlisted assets. From having four listed holdings in 2021, Aker Horizons had one listed holding, Aker Carbon Capture ASA, at the end of the second quarter 2024. Net capital employed reflects Aker Horizons’ initial investment in the portfolio company, adjusted for any profit or loss and any additional investments, adjusted for foreign exchange fluctuations. As of the second quarter, Aker Horizons had NOK 2.4 billion net capital employed in ACC, NOK 3.8 billion in Mainstream, NOK 517 million in AAD, NOK 174 million in SuperNode and NOK 203 million in other assets.

The Q2 2024 presentation and half-year 2024 report are attached.

Aker Horizons’ CEO Kristian Røkke and CFO Kristoffer Dahlberg, and Mainstream’s CEO Mary Quaney will present the main developments in the second quarter 2024 today at 08:30 CEST followed by a Q&A session. The presentation, which is open to all, will be held in English and will be webcast on Aker Horizons’ website: https://akerhorizons.com/investors

For further information, please contact:
Marianne Stigset, Director of Communications and External Affairs
Tel: +47 41 18 84 82
Email: marianne.stigset@akerhorizons.com

Stian Andreassen, head of Investor Relations
Tel: +47 41 64 31 07
Email: stian.andreassen@akerhorizons.com

About Aker Horizons

Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and hydrogen and develops industrial-scale decarbonization projects. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across its portfolio, the company is present on five continents. www.akerhorizons.com 

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements in Regulation EU 596/2014 and the Norwegian Securities Trading Act § 5-12. This stock exchange announcement was published by Marianne Stigset, Communications, Aker Horizons, on 16 July 2024 at 07:00 CEST.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/aker-horizons/r/aker-horizons-asa–second-quarter-results-2024,c4015316

The following files are available for download:

 

View original content:https://www.prnewswire.com/news-releases/aker-horizons-asa-second-quarter-results-2024-302197688.html

SOURCE Aker Horizons

Continue Reading

Technology

“Pulse @ Jurong” launches as a New Digital Community Platform connecting Everyday Life across Singapore’s West

Published

on

By

Developed by Jurong Point and Link Asset Management, the app extends the mall’s role beyond its physical space to serve as a digital connector for the wider community in the West.

New community-centric app brings transport updates, local discoveries, neighbourhood happenings and offers together in one place.

Built around the needs of residents, workers and visitors, with input from a focus group and closed beta involving 270 people living and working in the West.Connects people to the diversity of Jurong, bringing together everyday convenience, neighbourhood discoveries and community happenings in one platform.Jurong Point serves as the launchpad for the wider Jurong community, with future features shaped by user feedback and potential portfolio expansion.

SINGAPORE, Nov. 8, 2026 /PRNewswire/ — Pulse @ Jurong, a new community-centric digital platform developed by Jurong Point and Link Asset Management, has officially launched to bring everyday life across Singapore’s West closer together. Designed around the needs of residents, workers, students and visitors, the app connects transport information, neighbourhood businesses, local dining and retail offers, community activities and essential amenities in one convenient platform.

With Jurong Point as its starting point, Pulse @ Jurong serves the wider Jurong community, connecting people to neighbourhood businesses, services and experiences beyond the mall. The initiative reflects Jurong Point’s evolving role as a community hub and Link’s commitment to strengthening connections between its assets and the communities they serve.

Designed around everyday needs

Whether checking bus arrival times before leaving home, looking for a nearby meal, finding an upcoming community programme or discovering a relevant dining offer, users can access multiple aspects of their day through one app. Pulse brings together transport information and alerts, parking and EV-charging information, food and dining recommendations, neighbourhood amenities and services, and community events. Users can also discover eligible retail and dining offers, claim them through the app and keep them in an in-app wallet.

At launch, Pulse includes more than 470 store listings alongside local discoveries and places of interest. The app is designed for a potential Jurong West residential catchment of more than 250,000 people (this figure does not represent registered users).

Shaped with the Community, for the Community

The platform is developed with input from focus groups and closed beta involving 270 people living and working in the West over eight months, Pulse reflects feedback on transport, deals and neighbourhood discovery. This initial launch will be followed by further enhancements shaped by community feedback and actual usage. AI-assisted tools were also used to support feedback analysis and identify recurring themes.

“Access to timely and useful local information can help residents plan their day and participate more actively in community life. I hope Pulse @ Jurong will complement existing community channels and make it easier for residents to stay informed, discover activities nearby and feel more connected to the people and places around them,” said Mr Patrick Tay, Member of Parliament for Pioneer SMC and Adviser to Pioneer Grassroots Organisations.

“We began by looking at what people across Jurong need in their everyday lives, beyond what happens within the mall. Pulse is being piloted in Jurong to make local information, community activities and neighbourhood businesses easier to discover, while exploring how a digital platform can complement physical retail spaces and strengthen community connections. This is only the beginning. We will continue refining the platform and introducing new features based on feedback from residents, merchants and community partners. As we assess adoption, sustained engagement and the outcomes of this pilot, a successful model could potentially be adapted across Link’s wider portfolio,” said Mr Andy Kau, General Manager, Jurong Point.

Making Community Happenings easier to Discover

Pulse @ Jurong is intended to complement existing community and public-service channels by helping residents discover nearby events, activities and volunteer opportunities. Where available, users can follow links to the relevant organisers’ platforms to register or learn more.

Working with The Frontier and Boon Lay Community Clubs and local stakeholders, Jurong Point aims to broaden the visibility of local activities and provide another channel through which residents can connect with their community.

Supporting Local Business and strengthening the Jurong ecosystem

Beyond community information, Pulse @ Jurong creates a new digital discovery channel connecting residents and visitors with local businesses across Singapore’s West. The platform features 200 Jurong Point tenants and more than 300 neighbourhood merchants in the surrounding precincts, bringing together a diverse mix of retail, dining, services and everyday experiences in one convenient app.

Participating businesses can increase their visibility, showcase relevant offerings and engage customers through targeted promotions and campaigns. By connecting digital discovery with physical visits, the platform aims to encourage local spending, support neighbourhood businesses and strengthen the wider commercial ecosystem.

“For hawkers and small businesses in the neighbourhood, reaching new customers beyond our regular patrons is always important. Many residents may not be aware of the variety of food and services available just around the corner. The Jurong Point team took the time to engage us personally and guide us through how to use Pulse @ Jurong, making it easier for merchants like us to come on board. The app gives us another way to showcase what we offer, reach new customers and encourage more people to explore and support local businesses. It is encouraging to see Jurong Point extending its reach beyond the mall to bring the wider business community together,” said Mr Anthony Low Hock Kee, Vice President of The Federation of Merchants’ Associations, Singapore, and owner of Xin Sheng Ngoh Hiong Prawn Cracker at Boon Lay Place Food Village.

“Many neighbourhood merchants rely on word-of-mouth and returning customers, but there is often a wider audience nearby that may not be aware of what local businesses have to offer. Pulse @ Jurong provides a valuable platform for merchants to increase their visibility and connect with more residents in the community. Beyond supporting local businesses, it also helps bring people closer to the activities, services and experiences available in the neighbourhood. We are encouraged to see Jurong Point extending its role beyond the mall to strengthen connections across the wider Jurong community,” said Mr Kuek Chiew Peng, BBM(L) Chairman, Boon Lay Merchants’ Association for Boon Lay Shopping Centre.

Through its tenant relationships, on-site touchpoints and engagement with local merchants, Jurong Point is helping connect the mall with the wider Jurong community.

The launch also marks an important step in Link’s approach to digital placemaking, exploring how technology can complement physical retail assets, deepen customer engagement and create measurable value for tenants and community partners. Insights from adoption, usage and merchant participation will guide the platform’s continued development and potential expansion.

Discover More of the West with Pulse @ Jurong

To celebrate the launch, new users who sign up for Pulse @ Jurong from 7 November 2026 can enjoy dining and retail vouchers at the designated sign-up booths within Jurong Point, giving them an added incentive to discover and experience the offerings.

Adding to the excitement, users will also have the opportunity to stand a chance to win a JAECOO 6, an off-road-inspired electric SUV, as part of a launch lucky draw. Further details on participation and eligibility will be announced.

Pulse @ Jurong is available for download on the Apple App Store and Google Play Store. Residents and visitors are invited to download the app to explore real-time transport information, neighbourhood dining and retail offers, local discoveries and community happenings across Singapore’s West.

Download Pulse @ Jurong:

Apple App Store: https://apps.apple.com/sg/app/id6770556908
Google Play Store: https://play.google.com/store/apps/details?id=com.mll.pls

Stay connected with Pulse @ Jurong:

Follow Pulse @ Jurong on Facebook and Instagram for the latest neighbourhood discoveries, community happenings, exclusive offers and updates on upcoming activities.

Facebook: https://www.facebook.com/pulseatjurong/
Instagram: https://www.instagram.com/pulseatjurong/

Everyday Information in One Place

Pulse @ Jurong enables users to:

Plan their journeys
Access transport information and alerts, including bus arrival timings, traffic and train alerts, parking availability and EV-charging information.Discover what is nearby
Browse store listings, alongside local food and dining recommendations, neighbourhood amenities, services and places of interest across Pioneer, Jurong and nearby areas.Stay connected with the community
Discover upcoming community events, programmes and volunteer opportunities, with direct links to the relevant platforms for users to register their interest.Access relevant offers
Discover retail and dining offers, claim them through the app and store them in the in-app wallet.

About Pulse @ Jurong

Pulse @ Jurong is a community-centric digital platform developed by Jurong Point and Link Asset Management Limited to connect people, places, businesses and everyday experiences across Singapore’s West.

Designed for residents, workers, students and visitors, the app brings together real-time transport information, neighbourhood discoveries, dining and retail offers, local amenities and community happenings in one convenient platform. It also provides a digital discovery channel for Jurong Point tenants and neighbourhood merchants, helping local businesses connect with customers and encouraging greater participation in the local economy.

For more information about Pulse @ Jurong, please visit https://www.pulseatjurong.com.sg/

About Jurong Point

With 750,000 square feet of lettable space, Jurong Point is one of Singapore’s largest suburban lifestyle destination for shoppers in Singapore. Strategically located in the western part of Singapore and connected to Boon Lay MRT and Bus Interchange, the mall attracts an average footfall of 5.6 million visits a month.

Jurong Point is also home to a number of thematic precincts, such as, Japanese Food Street and Mongkok streets. The mall aims to meet shoppers’ diverse needs with anchor tenants like FairPrice Xtra, Harvey Norman, Kopitiam, Malaysia Boleh, Don Don Donki and more than 400 retail and food & beverage outlets that offer a dazzling array of merchandise, services and culinary delights.

Apart from being a retail destination, it also shares its space with a large cluster of 11 community and civic institutions, such as SAGE, AMP, TARA and My First Skool. The mall not only serves a 250,000 residential population but a 100,000 PMET Workforce as well within its 5 kilometre radius.

For more information about Jurong Point, please visit https://sg.linkreit.com/malls/jurong-point/

About Link Asset Management Limited

Link Asset Management Limited (Link) is a leading, independent, and fully integrated real estate investor and manager focusing on the APAC region. It manages Link Real Estate Investment Trust (Link REIT, Hong Kong stock code: 823), the largest REIT in Asia, and its real estate investment portfolio. Link also aims to leverage its investment management capabilities to serve as a trusted investment manager to capital partners through its business line, Link Real Estate Partners.

Building on its strong track record over almost two decades, Link targets to deliver resilient returns and growth to its unitholders. Link offers a “REIT plus” investment case through its strategic focus on diversifying the Link REIT Portfolio across geographies and asset classes in APAC and expanding its investment management business.

Link aspires to be the trusted partner in APAC real estate sector for unitholders, capital partners, tenants, and the wider communities it serves. 

For more information about Link, please visit https://www.laml.com/en/

Chinese Translations

Jurong Point 裕廊坊

Link Asset Management Limited 领展资产管理有限公司

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/pulse–jurong-launches-as-a-new-digital-community-platform-connecting-everyday-life-across-singapores-west-302932680.html

SOURCE Jurong Point and Link Asset Management

Continue Reading

Technology

2026 China International Intelligent Communication Forum Held in Wuxi

Published

on

By

WUXI, China, Nov. 8, 2026 /PRNewswire/ — From November 8 to 10, the 2026 China International Intelligent Communication Forum (CIICF), jointly organized by China Media Group (CMG) and the Jiangsu Provincial People’s Government, is held in Wuxi, Jiangsu Province.

At the forum, the Chinese Academy of Social Sciences (CASS) releases the “2026 Report on the Development of Chinese Cities’ International Intelligent Communication Capabilities”, examining the key characteristics, current challenges and innovative pathways in the development of Chinese cities’ international intelligent communication. A new episode of the original franchise “Global Youth Talk” is also launched. Representatives of key cultural industry projects in Wuxi sign agreements on stage. The forum also launches the “Wuxi Initiative of the China International Intelligent Communication Forum,” calling on all parties to work together to build a new global ecosystem for intelligent communication that is open, inclusive, collaborative and mutually beneficial.

Lu Bingheng, Chairman of the National Technical Committee on Additive Manufacturing Standardization, Director of the National Additive Manufacturing Innovation Center and Professor at Xi’an Jiaotong University; Michael Levitt, Nobel Laureate in Chemistry and Member of the U.S. National Academy of Sciences; Ge Yuefeng, Deputy General Manager of China Time and Space Information Group Co., Ltd.; and Scott Ross, Founder of Digital Domain, Former Senior Vice President of Lucasfilm and Former President of Industrial Light & Magic (ILM), are among the guests sharing theoretical vision and practical perspectives. They exchange ideas on intelligent communication and media transformation, technological innovation and industrial development, and mutual learning among civilizations and international cooperation, building consensus on future development.

The forum also features a series of side events, including the 2026 Forum on the International Communication of Digital Culture, the AIGC Digital and Intelligent Industries Forum, the “Wuxi Dialogue” on Local International Communication, a closed-door industry dialogue, the “Film Music • Wuxi Night” gala, and the 2026 “Experience China Insights from Wuxi” International Media Tour.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/2026-china-international-intelligent-communication-forum-held-in-wuxi-302932684.html

SOURCE CIICF

Continue Reading

Technology

Club Offers for Travel Enthusiasts in Canada

Published

on

By

TORONTO, Nov. 8, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces five of many new Club Offers for Club Members in Canada.

Rigorously vetted and negotiated for us travel enthusiasts:

$849—LISBON CITY BREAK WITH FLIGHTS
Spend five nights in the heart of Portugal’s capital exploring neighourhoods like Alfama and Chiado. We’ve leveraged our deep relationship with this partner to obtain an exceptional price on travel in January, when you can visit popular attractions without line-ups and temperatures are spring-like by Canadian standards.$99—HISTORIC HOTEL IN VICTORIA
“Victorian” describes more than the decor at this elegant hotel: it was built during Queen Victoria’s reign and is steps from the main attractions of her namesake city. Explore the Inner Harbour, Royal BC Museum and the Old Town, then visit the hotel’s pub, established in 1867.  Club Members pay half the regular price through February.$999—MEDITERRANEAN ISLAND GETAWAY WITH FLIGHTS
Explore Malta’s medieval cities, cobblestone streets and dramatic coastline. We get roundtrip flights from Toronto, five nights at a 4-star resort with views of the Mediterranean Sea and daily breakfast.$1899—LAST-MINUTE ST. LUCIA ALL-INCLUSIVE GETAWAY FOR 2
Be among the first to stay at this new luxury retreat on Reduit Beach. This is the most popular stretch of sand in St. Lucia. For three nights (or longer) anytime through Dec. 19, Club Members get beachfront accommodations with a private terrace, butler service and all-inclusive dining. We save over $1900 compared to regular prices.$99—4-STAR NIAGARA FALLS INN WITH BREAKFAST
This quiet boutique hotel is just a 15-minute walk from the Falls. We’ve negotiated savings of up to $200 per night through Dec. 20. It’s a lovely time to stay, when winter wonderland decorations and a Christmas cocktail bar make this one of the city’s most festive destinations.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact:
Amanda Ieraci – Toronto
+1 437 866 8540
aieraci@travelzoo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/club-offers-for-travel-enthusiasts-in-canada-302932399.html

SOURCE Travelzoo

Continue Reading

Trending