"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