Aker Solutions doubles down on consultancy business and unveils new name
Aker Solutions has announced plans to double its consultancy business, rebranding it as Entr, with aspirations to double revenues and headcount by 2030. This growth will be driven by increasing demand for early phase offerings and adapting services for new markets. Entr plans to expand its workforce from 300 to over 600 employees globally. The consultancy secured 170 studies in areas such as low carbon solutions and offshore wind. Entr aims to de-risk commercial, technical, and ESG aspects of energy projects, leveraging Aker Solutions' extensive industry expertise and project delivery heritage. The company launched its consultancy business in 2021, aiming to engage earlier in the value chain and further accelerate its transformation within the global energy industry.
- Plans to double revenues by 2030.
- Headcount to increase from 300 to over 600 employees.
- Secured over 170 studies in various markets.
- Growth driven by demand for early phase offerings.
- Expansion into markets like low carbon solutions and offshore wind.
- Aim to de-risk commercial, technical, and ESG aspects of projects.
- Leveraging decades of industry expertise and project delivery heritage.
- Launch of the consultancy business in 2021 to engage earlier in the value chain.
- Potential risks associated with rapid headcount expansion.
- Uncertainty in new market adaptation and demand sustainability.
- Increased operational costs due to doubling workforce.
Entr's growth is driven by an increased demand for Aker Solutions' early phase offerings and the need to adapt its services for new and existing markets. Entr's growth will be achieved through a significant increase in core headcount from 300 to more than 600 employees across its global hubs in
In the last quarter, Entr has secured more than 170 studies across several markets including low carbon solutions for oil and gas production, CCUS, hydrogen, offshore wind, electrical transmission, and aquaculture.
The new brand reflects Aker Solutions' evolution and ongoing commitment to support customers in an increasingly complex and fast-moving energy landscape, building on the company's long and successful history of engineering innovation, project development and delivery to provide a broader set of advisory services.
Entr works with operators, developers, governments, and investors to de-risk the commercial, technical, supply chain, and environmental, social and governance (ESG) aspects of energy projects.
"Over the past five years the rapid growth and evolution of new and emerging industries has called for different ways of working and collaborating. This has required us to build on our position as a renowned technical front-end engineer to deliver greater value and impact to customers," said Kjetel Digre, CEO, Aker Solutions.
"In the current energy landscape, many customers are exploring business models that are new to them, requiring insights on how these models relate to the overall project execution strategy. With our strong industrial and project delivery heritage, we have the experience, learnings and data needed to reduce the risk related to the commercial, regulatory, and technical aspects of energy projects, whilst ensuring safety and sustainability."
Entr's offerings include due diligence, business case analysis, concept screening, value improvement, conceptual development, technology selection and integration, regulatory processes, total system design, owner's engineering, and project execution management.
"Entr guides customers through the complexities of the energy transition, enabling them to make the robust business decisions needed to invest wisely and to achieve project and operational excellence, whilst minimizing emissions and cost," said Roddy Macpherson, SVP of Entr, Aker Solutions.
"With decades of insights gathered from executing landmark projects across the globe, Entr has the knowledge and industry expertise to link the commercial and the technical for maximum business impact. From strategy to implementation, we aim to accelerate the development of sustainable, low-carbon solutions, expanding our offer whilst continuing to deliver our renowned front-end engineering services."
Aker Solutions launched its consultancy business in 2021 with the aim to engage earlier in the value chain and develop new specialist skills and offerings building on its existing engineering capabilities. Entr will act as a growth engine for Aker Solutions, further accelerating its transformation within the global energy industry.
For more information, contact:
Rebecca Cox
media contact
rebecca.cox@akersolutions.com
+44 (0) 7809 550164
Preben Ørbeck
investor relations
preben.orbeck@akersolutions.com
+47 470 10 611
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SOURCE Aker Solutions ASA
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