Horisont Energi publishes integrated annual and sustainability report

SANDNES, Norway – 20 April 2022 – Horisont Energi (EURONEXT: HRGI) today published its integrated annual and sustainability report for 2021.

CEO Bjørgulf Haukelidsæter Eidesen comments:

“2021 was a breakthrough year for Horisont Energi. In January, we raised capital and were listed on Euronext Growth. Later, we chose Hammerfest in Northern Norway as the site for Barents Blue, our first project. This will become Europe’s first large-scale production facility for clean ammonia, where carbon will be captured and stored in the Polaris reservoir beneath the seabed outside Northern Norway.”

“In the autumn, Barents Blue got another boost when we signed up Equinor and Vår Energi as partners for the project.”

“Towards the end of the year, Barents Blue was awarded a NOK 482 million grant to participate in the Important Projects of Common European Interest (IPCEI) Hydrogen program, where the EU realises its hydrogen strategy – from production to market.”

“And a few days into 2022, we were able to announce yet another financial milestone for the company, which came as a result of a thorough process during 2021: The European energy major E.ON decided to invest NOK 371 million in Horisont Energi, becoming a strategic investor and partner in developing carbon capture, transport and storage services and value chains for clean hydrogen and ammonia.”

“Along with our annual report, we also publish our first sustainability report. At Horisont Energi, sustainability stands at the core of our mission and our business strategy. Our purpose is to accelerate the transition to a carbon-neutral economy through the production of carbon-neutral ammonia and the provision of CO2 storage.”

This year, we have chosen to switch to quarterly reporting of our results. Our presentation of Q1 will be held on 25 May.

The original press release can be found on the Horisont Energi website