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Hydro announced that the company has agreed extend their strategic partnership with Equinor and Panasonic to explore potential for establishing a sustainable and cost-competitive European battery business.
The battery project is still in an early phase and no investment decisions have been taken. “The overall business case will form the basis for how the project will proceed,” Hydro said.
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The collaboration will continue to develop the business case for European battery business.
“The joint battery initiative has refined possible Norwegian site locations for a potential European battery business to a handful. At the same time, the project will be looking at alternative locations in the European Union.”
“Competitive framework conditions and market access will be decisive for continued progress.”
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