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Aker (AKER) investor relations material

Aker Partnership summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Partnership summary31 Jul, 2025

Opening remarks and agenda

  • Stargate Norway announced as a landmark partnership to deliver a 100,000 NVIDIA GPU AI gigafactory powered by renewable energy in Northern Norway, marking OpenAI's first European gigafactory initiative.

  • Event opened with a welcome and introduction to Stargate Norway, highlighting its ambition to deliver sovereign-grade AI infrastructure powered by renewable energy.

  • The agenda included remarks from leaders at Aker, Enscaler, OpenAI, and NVIDIA, focusing on the launch of a strategic joint venture and partnership.

  • The project aims to establish sovereign, scalable, and sustainable AI infrastructure for Europe, fully aligned with regulatory frameworks.

Objectives of the partnership

  • Aim to build secure, scalable, and energy-efficient AI infrastructure in Northern Norway for sovereign workloads across Europe.

  • Project seeks to generate economic activity, support capability development, and drive long-term innovation in the region.

  • Commitment to reflect European values of openness, security, and democratic access in AI deployment.

  • Support public benefit, industrial resilience, and long-term regional innovation through sustainable infrastructure.

Partner introductions and roles

  • Aker brings industrial experience, local presence, and project execution capabilities.

  • Enscaler (Nscale) leads design and construction, leveraging experience in sovereign-grade AI infrastructure.

  • Aker and Nscale will form a 50/50 joint venture, each contributing equally to equity and resources.

  • OpenAI provides advanced AI research, marks its first European gigafactory investment, and acts as an initial offtaker and strategic technology partner.

  • NVIDIA supplies advanced GPUs and technology for the facility.

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Frequently asked questions

Aker ASA is an industrial investment company that operates internationally in the oil, gas, engineering and construction industries. The Company operates through three segments: Oil & Gas, Construction and Services. The Oil & Gas segment engages in petroleum production and exploration activities; delivery of subsea projects; development of renewable energy projects; onshore drilling activities; and well plugging operations. The company is based in Lysaker, Norway.

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