Financial reports - Arendals Fossekompani

Annual Integrated Report for 2022

Today, Arendals Fossekompani published its Integrated Annual Report for 2022. The report is compliant with the Global Reporting Initiative (GRI).

Est. reading time: 1 min

Picture of the annual integrated report cover reading "FOR GENERATIONS".

“In a busy 2022, Arendals Fossekompani completed various structural and strategic actions, including acquisitions of energy storage specialist Commeo and induction charging expert IPT Technology. We continued developing an advanced technology and industry portfolio that is positioned in high-growth global megatrends and aligned with global sustainable development goals for 2030,” says Lars Peder Fensli, Interim CEO of Arendals Fossekompani.

With the acquisition of Commeo, Arendals Fossekompani established the company Ampwell, which will combine hardware from Commeo with technology from start-up Cellect Energy, to build an eco-system for battery technology and a Battery-as-a-Service business model.

IPT Technology was acquired and grouped with EFD Induction in a company called Evolgy, now rebranded as ENRX. ENRX combines EFD Induction’s global market leadership in industrial induction heating systems (Heat) with IPT Technology’s leading technology in the high growth market for wireless induction charging solutions for mobility and industrial applications (Charge).

Today, Arendals Fossekompani also published separate reports on the EU Taxonomy, Climate-Risk, Carbon Accounting, Human Rights, Activity & Reporting Obligations, and Remuneration.

All reports are published here.