June 29, 2026 - Aker Solutions has secured a sizeable[1] contract with Tussa
Energi to supply all electromechanical equipment for the Tussa II hydropower
plant, located in the Volda region of western Norway.
The contract is part of a major capacity expansion project developed by Tussa
Energi. The existing facility will be modernized after the new plant is
commissioned, and kept in operation as additional capacity.
"Hydropower is the backbone of the Norwegian power system and will remain
important in the years ahead. Together with Tussa Energi we have developed
technical solutions that improve efficiency, increase capacity, and enable
better adaptation to future power markets," said Jo Kjetil Krabbe, Executive
Vice President, Power Solutions at Aker Solutions.
The Tussa II hydropower plant will utilize the elevation difference between the
Tyssevatn reservoir, approximately 637 meters above sea level, and the
Storfjorden at sea level. The new facility will feature two Pelton turbine units
of 75 MW each, giving a total installed capacity of 150 MW, a significant
increase from the existing 64 MW plant.
As part of the scope, Aker Solutions will supply all electromechanical
components including inlet pipes, Pelton turbines and generators, control
systems, cooling and drainage systems, high-voltage equipment, and transformers.
The project has been developed through early and close collaboration between
Tussa Energi, Aker Solutions, Norconsult and the local civil works contractor
Aurstad Tunnel, applying an alliance-inspired delivery model with early supplier
involvement. The project has already started with planned delivery in 2030.
"We believe Tussa Energi's forward-leaning and collaborative approach during the
early phases of the project will contribute significantly to its success. We
hope this model of early supplier engagement will set a new benchmark for the
hydropower industry," said Krabbe.
The contract will be booked as order intake in the 'Other' segment in the second
quarter of 2026.
[1]Aker Solutions defines a sizeable contract as between NOK 0.5 billion and NOK
1.5 billion.
ENDS
Preben Ørbeck
investor relations
preben.orbeck@akersolutions.com
+47 470 10 611
Hallvard Norum
media contact
hallvard.norum@akersolutions.com
+47 913 80 820
Aker Solutions delivers integrated solutions, products and services to the
global energy industry. We enable low-carbon oil and gas production and develop
renewable solutions to meet future energy needs. By combining innovative digital
solutions and predictable project execution we accelerate the transition to
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ng information or statements and is\
subject to our disclaimer\, see https://akersolutions.com\