Tor Olav Troim’s Golar LNG has kicked off an initial public offering for its Golar Power joint venture under the new name of Hygo Energy Transition.

Golar said it has filed a registration statement on Form F-1 with the US Securities and Exchange Commission for the entity formerly known as Golar Power – a 50-50 joint venture with Stonepeak Infrastructure Partners - for a proposed initial public offering of Hygo’s common shares.