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

06 May 2025 08:00 CEST

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
       E-mail: ir@multiconsult.no / psmj@multiconsult.no

  Media:
      Cato A. Mørk, Senior Communication Advisor
      Phone: +47 924 55 663
      E-mail: caam@multiconsult.no

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