Mainstream Renewable Power: A New Chapter with Morten Henriksen

Mainstream Renewable Power (Mainstream) is set to embark on an exciting new chapter with the appointment of Morten Henriksen as its new Group CEO, effective April 1, 2025. This strategic move aligns perfectly with Mainstream's updated strategy, focusing on cost reduction and sharpening its focus on core growth markets. Let's delve into the details of this appointment and explore how it will drive Mainstream's growth and success.



Morten Henriksen brings a wealth of experience and deep sector expertise to Mainstream, having served as the CEO of Gassnova, the Norwegian state enterprise for carbon capture and storage. His previous roles at Arendals Fossekompani and Statkraft, along with multiple board positions, have equipped him with the leadership skills and industry knowledge necessary to guide Mainstream through its next phase of growth.

One of the key aspects of Henriksen's appointment is his ability to drive cost reduction and efficiency, which is crucial for Mainstream's plan to reduce its cost base by approximately 65% by 2026, relative to 2023 levels. His experience in executive management roles within the energy industry, coupled with his strategic thinking, will be instrumental in executing Mainstream's updated strategy and driving its growth in the global energy market.

Another critical factor in Henriksen's appointment is his understanding of the core growth markets that Mainstream is focusing on: South Africa, Australia, and the Philippines. His extensive experience in the energy industry, both in Norway and internationally, will be invaluable in positioning Mainstream for success in these markets. Additionally, his background in carbon capture and storage (CCS) technologies will enable him to explore innovative solutions that can further reduce emissions and drive sustainability.

The relocation of Mainstream's headquarters from Dublin to Oslo in the first half of 2025 is another strategic move that will facilitate cost reduction and leverage the resources of its majority shareholder, Aker Horizons. By being in closer proximity to Aker Horizons, Mainstream can tap into its extensive resources and expertise, improve operational efficiency, and better coordinate its efforts with its majority shareholder to execute its strategic focus on core growth markets.



In conclusion, the appointment of Morten Henriksen as Mainstream's new Group CEO is a strategic move that aligns perfectly with the company's updated strategy. His extensive experience, deep sector expertise, and leadership qualities will be crucial in driving Mainstream's growth and success in the global energy market. The relocation of Mainstream's headquarters to Oslo will further facilitate cost reduction and leverage the resources of its majority shareholder, Aker Horizons. As Mainstream enters this new chapter, investors and stakeholders can look forward to a promising future, guided by Henriksen's vision and leadership.