We mined Equinor’s acquisitions, investments, and partnerships to discern the company’s strategic priorities.
Europe-based energy giant Equinor saw around $90B USD in revenue in 2021 across its 7 business segments in 2021.
With pressure from regulators, governments, and investors to cut emissions, the company is working to position itself as a leader in the global transition to clean energy.
As the company works towards its medium-term goal of reducing in-house greenhouse gas emissions by 90% by 2030, Equinor has increasingly focused its investment activity on renewables and carbon capture, utilization, and storage (CCUS) tech.
Using CB Insights data, we uncovered the 5 most important strategic priorities highlighted by Equinor’s recent acquisitions, investments, and partnerships since the beginning of 2019. We then categorized companies by their business relationships with Equinor across these priorities:
- Carbon capture, utilization, and storage (CCUS)
- Energy storage & battery tech
- Grid & utility tech
- O&G tech
- Renewable energy
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