Hydro Energi and Statkraft have signed a long-term power purchase agreement (PPA) securing an annual electricity supply of 876 GWh from 2031 to 2040. The agreement will provide Hydro with around 8.8 TWh of power during the contract period, with deliveries planned in Norway’s electricity price area...
The future of Bell Bay Aluminium smelter in Tasmania remains dependent on the outcome of negotiations over its electricity supply agreement. Federal Industry Minister of Australia Tim Ayres has stopped short of committing federal funding similar to the support extended to the Tomago aluminium...
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Leading Norwegian aluminium and renewable energy giant Norsk Hydro has embarked on a long-term power purchase agreement (PPA) with Statkraft through its clean energy division, Hydro Energi AS. The provision for the contract includes the delivery of 1.28 TWh throughout the timespan of May 2024 to...
Hydro Paragominas, a mining enterprise centred on bauxite extraction in Paragominas (PA), marks its 17th anniversary this March with a strong emphasis on innovation and sustainability. Spearheaded by Industrial Director Anderson Martins, the company is renowned for its continual pursuit of...
Norsk Hydro, a Norwegian aluminium and renewable energy company, is eyeing to source processed aluminium scrap for its North American extrusion plants. According to a report, Hydro has signed a multi-year agreement with Sims Alumisource for the same purpose. Hydro is the largest producer of...
According to a report on Monday, March 18, Hydro Extrusions has signed an agreement to sell its fabrication unit in Kaunas, Lithuania, to VE Invest UAB. Hydro’s Kaunas plant primarily operates as a fabrication unit for Hydro’s extrusion plants in Sweden and Denmark. The plant has approximately 170...
Among all the verticals of the aluminium value chain, primary aluminium has been one of the busiest this week. New appointments at global giants, financial results, and project announcements made significant headlines in the primary aluminium sector. What created a buzz in the industry was the...
According to a report on March 14, Norsk Hydro will soon begin upgrading the remaining 120 electrolytic cells at Hydro Husnes Line A with state-of-the-art technology, investing NOK 225 million. This is the final stage of upgradation that started with Husnes' Line B and continued with 80 out of 200...
Norsk Hydro ASA, a leading Norwegian aluminium and renewable energy company, announced that it appointed Eivind Kallevik as the new President and CEO, who would succeed Hilde Merete Aasheim. The appointment will be effect from May 13, 2024. The news came after Dag Mejdell, chairperson of Hydro's...
The 531 megawatt (MW) Mendubim solar project, constructed by Hydro Rein, Equinor, and Scatec, has reportedly started operations in Brazil, delivering electricity to the Alunorte Alumina refinery. In July 2022, Hydro Rein, Equinor, and Scatec formed a partnership and started constructing this solar...
Norsk Hydro has reportedly appointed Trond Olaf Christophersen as an interim or acting CFO. He will act in the role only for a period of time until a new CFO is hired. Trond Olaf Christophersen replaces CFO Pål Kildemo, who will bid farewell to Hydro by August 31 at the latest to join one of the...
Hydro Rein, Hydro's venture into renewable growth, has recently finalised an agreement with the Swedish renewable energy developer IOWN Energy (IOWN) to acquire an 80 per cent stake in a substantial 2.4 GW portfolio of wind power projects. These projects are being developed across Sweden and...
Hydro and NKT have forged a strategic partnership to create an exceptional, low-carbon aluminium power cable value chain to support the growth of Europe's renewable energy grid. The two companies will work closely together on research and development initiatives and product innovations over the...
In a significant move, Hydro's bauxite & alumina business area has partnered with the Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT CRC). This collaboration aims to harness cutting-edge research expertise and innovative technologies, particularly focusing on reducing...
In the fast-evolving landscape of the aluminium industry, Norsk Hydro, a Norwegian aluminium giant, has been pioneering extraordinary initiatives, solidifying its commitment to sustainability, innovation, and emission reduction. This case study unfolds the chronological sequence of key events in...
In a warning echoing the echoes of the COVID-19 crisis, Norsk Hydro, Europe's largest aluminium producer, reveals a significant downturn in the construction sector in some of the continent's major countries. Pål Kildemo, the CFO of Norsk Hydro, points to a 50% decline in building and construction...
The Norwegian aluminium giant Hydro faces a 43.88 per cent drop in adjusted EBITDA for 2023, attributed to market challenges. Hindalco reports a robust Q3 FY2024, with a 71 per cent YoY increase in net profit. EGA collaborates with the UAE's AI office to accelerate digitisation in industrial...
Full year 2023 adjusted EBITDA amounted to NOK 22,258 million, compared with NOK 39,664 million in 2022. The decline was primarily due to reduced sales prices for aluminium and alumina, decreased volumes in extrusions and recycling, elevated fixed costs, and diminished proceeds from power sales....
Barry Salisbury, a native of Wrexham, has been named the new managing director of Hydro's aluminium recycling plant located in Wrexham, UK. Assuming his position in January 2024, Barry will transition from his previous role as operations manager at the same recycling facility. He takes over the...
Mozambique, poised on the brink of a historic energy shift, plans to reclaim control of its hydropower supply from South Africa, stirring ripples in the continent's industrial powerhouse. The proposed strategy, revealed in an unreleased document obtained by Bloomberg, unveils Mozambique's intention...
