Top entities: Aker Solutions, Tussa Energi, Norway, Norconsult, Aurstad Tunnel.

What category does this event fall under?

Business — classified as contract award.

What is the sentiment of coverage?

Aggregate sentiment score: 70 on a -100 to +100 scale (negative = critical coverage, positive = favorable coverage).

What were the key actions taken?

Tussa Energi developed project · Aker Solutions secured contract Tussa Energi

Is this event still developing?

This is an active story, last updated Jul 13, 2026. Coverage continues to evolve.

Business contract award

Aker Solutions wins Tussa II contract

Q: When did this event occur?

First reported Jun 29, 2026; last updated Jul 13, 2026.

Q: What is the market impact?

General. The contract award to Aker Solutions for the Tussa II hydropower plant is expected to positively impact Aker Solutions' stock price due to the significant order intake.

Analysis based on 8 articles · First reported Jun 29, 2026 · Last updated Jul 13, 2026

Sentiment

Attention

Articles

Market Impact

General

Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard

Market Impact

The contract award to Aker Solutions for the Tussa II hydropower plant is expected to positively impact Aker Solutions' stock price due to the significant order intake. The project's focus on increasing renewable energy capacity in Norway could also have a positive, albeit smaller, impact on the broader energy market sentiment in the region.

Energy Engineering Construction

Event Summary

Aker Solutions has secured a sizeable contract with Tussa Energi to supply all electromechanical equipment for the Tussa II hydropower plant in the Volda region of western Norway. This project is a major capacity expansion initiative by Tussa Energi, which will see the existing 64 MW facility modernized and kept in operation alongside the new 150 MW plant. The contract, valued between NOK 0.5 billion and NOK 1.5 billion, will be booked in Aker Solutions' 'Other' segment in the second quarter of 2026. The project, developed in collaboration with Norconsult and Aurstad Tunnel, is planned for delivery in 2030 and aims to improve efficiency, increase capacity, and adapt to future power markets in Norway.

Key Actions

90 Tussa Energi developed project

80 Aker Solutions secured contract Tussa Energi

Entities Involved

stock

Aker Solutions

Aker Solutions secured a sizeable contract to supply electromechanical equipment for the Tussa II hydropower plant, which will positively impact its order intake and revenue.

Importance 100.0 Sentiment 70.0

priv

Tussa Energi

Tussa Energi is expanding its hydropower capacity with the Tussa II plant, modernizing its existing facility and increasing its power generation capabilities.

Importance 90.0 Sentiment 60.0

cnt

Norway

Norway's power system, heavily reliant on hydropower, will benefit from the increased efficiency and capacity provided by the Tussa II plant, supporting its renewable energy strategy.

Importance 40.0 Sentiment 20.0

priv

Norconsult

Norconsult is involved in the Tussa II hydropower plant project as an engineering consultant, collaborating with other key entities.

Importance 30.0 Sentiment 10.0

oth

Aurstad Tunnel

Aurstad Tunnel is the local civil works contractor for the Tussa II hydropower plant project, working in collaboration with other key entities.

Importance 30.0 Sentiment 10.0

per

Jo Kjetil Krabbe

Jo Kjetil Krabbe, Executive Vice President, Power Solutions at Aker Solutions, provided comments on the significance of the contract and the collaborative approach.

Importance 10.0 Sentiment 0.0

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