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Aluminium

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Hydro has been at the forefront of the energy transition since 1905, transforming industries and societies with renewable energy. Today, we are pioneering the green aluminium transition through renewables and new energy solutions.

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Working on a story about aluminium? Press releases, photos, stories, facts and figures – you will find everything you need here.

About Hydro

Hydro is a leading aluminium and renewable energy company that builds businesses and partnerships for a more sustainable future. We have 32,000 employees in more than 140 locations and 42 countries.

Hydro signs long-term power contract with Statkraft

Hydro Energi AS has signed a long-term power purchase agreement (PPA) with Statkraft for the total delivery of 1.28 TWh in the period from May 2024-2027.

The PPA will be part of Hydro Energy’s total power portfolio, which consists of captive power production of 9.4 TWh per year and a long-term contract portfolio of around 10 TWh.

The contract spans from May 1, 2024 to December 31, 2027, with delivery in the price area NO3.

In addition to being a significant market player in the Nordic power market, Hydro Energy is responsible for acquiring power for Hydro’s aluminium production. Renewable power is key to produce aluminium in Norway with a carbon footprint of about 75 percent less than the global average and it is needed to succeed with Hydro’s technology roadmap towards zero emissions in 2050.

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About Statkraft

Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. The group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 6,000 employees in more than 20 countries.

Published: March 20, 2024

Contact

Anders Vindegg

Head of Media Relations, Group Communication

anders.vindegg@hydro.com

+47 93864271