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| Equinor |
Company Targets Higher Value Creation Through Renewables, Gas-to-Power, and Storage Integration
Equinor has announced a strategic reorganization to strengthen its competitiveness in the evolving global power market. The energy giant will establish a new business area focused on integrated power operations, combining its renewables, gas-to-power, and energy storage assets. Helge Haugane will lead this division as executive vice president starting in September 2025.
Power Demand Surge Spurs Strategic Shift
Driven by increasing electrification, rapid growth in artificial intelligence (AI), and the rising energy needs of data centers, global power demand continues to climb. To address this, Equinor has developed a robust renewables portfolio over the past 20 years. Its assets include both offshore and onshore wind, as well as solar projects currently in operation or development.
Recognizing the intermittent nature of wind and solar, Equinor has also expanded into gas-to-power plants and energy storage systems. These assets, coupled with strong trading capabilities, provide the flexibility and stability needed for reliable energy delivery—boosting overall value creation.
The integration of these complementary portfolios into one cohesive unit marks a critical step in Equinor’s strategy. By unifying these operations under a single business area, Equinor aims to streamline decision-making, optimize resource deployment, and capitalize on the growing opportunities in global power markets.
The newly formed unit positions Equinor for sustained growth in value-added power solutions and reinforces its long-term commitment to the energy transition.
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