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Northern Lights

company

Northern Lights is developing the world's first open-source CO2 transport and storage infrastructure, offering a crucial service for industrial decarbonization. As a joint venture of Equinor, Shell, and TotalEnergies, it focuses on capturing CO2 from industrial emitters across Europe and transporting it for permanent storage in a geological reservoir under the North Sea.

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Founded 2021 150 employees Parent: Equinor, Shell, TotalEnergies (Joint Venture)
Carbon Capture and Storage CompanyDeveloperOperatorService Provider

Strategic Overview

  • Northern Lights is a pioneering project in the global effort to establish a full-scale value chain for carbon capture and storage (CCS).
  • The project aims to provide an open-source, flexible, and scalable infrastructure for industrial emitters across Europe.
  • The focus is on developing Phase 2 capacity to meet growing demand for CO2 storage, expanding beyond the initial 1.5 million tonnes per year.
  • Strategic partnerships with major industrial players across various sectors (cement, steel, fertilizer, waste-to-energy, data centers) highlight its role in decarbonizing hard-to-abate industries.

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Key People

Børre Jacobsen
Managing Director
Øistein Bråthen
Chief Commercial Officer
Per Christian Eriksen
Chief Financial Officer
Liv-Elisif Kalland
Chief Communications Officer
Sverre Overå
Project Director

Track Record

7
Deals Completed
3
Years Active
$M650M
Total Value
Notable projects: Northern Lights CO2 Transport and Storage Project (Phase 1)

Detailed Analysis

Technologies
Carbon Capture and StoragePipelinesShippingSubsea Infrastructure
Sectors
Energy TransitionUtilities
Geographies
Norway (3 deals)Netherlands (2 deals)Denmark (1 deal)Belgium (1 deal)Europe (1 deal)
Deal Stage
GreenfieldOperating

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