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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Norsk Hydro’s 2024 was challenging, but the business had an overall growth-hinting year. There have been several superlative financial, environmental, and social achievements during the calendar year. Financial performance While there was a drop in adjusted Return on Average Capital Employed...
The aluminium and energy business Norsk Hydro has come together with the world’s second-largest metal and mining company, Rio Tinto, intending to determine and estimate available carbon capture technologies for future implementation in the aluminium electrolysis process. The globally recognised...
Hydro's aluminium recycling plant in Henderson, Kentucky, has been awarded $17.4 million in tax credits under the Inflation Reduction Act to support advanced technology for the automotive industry. The investment will be directed towards the HyForge project, which will introduce innovative...
Norsk Hydro ASA, a Norwegian aluminium and renewable energy company, has reportedly joined the Suppliers Partnership for the Environment (SP), uniting with a group of automotive manufacturers, suppliers, and environmental organisations to work together towards a shared sustainability vision. Image...
Kepler Cheuvreux, a European financial services firm specialising in research, execution, and asset management, resumed coverage of Norsk Hydro SA shares, assigning a Buy rating with a price target of NOK 88.00. A "Buy" rating from a stock analyst indicates their belief that the stock is either...
Some of the news headlines this week in the upstream aluminium industry, particularly in the primary aluminium sector, suggest a potential shift in market dynamics in the near term in the wake of aluminium price drop on alumina supply ease and proposed tariffs on aluminium imports by the US...
RBC Capital Markets, a global investment bank providing banking, finance, and capital markets services, has reduced its ratings for the Norwegian aluminium and renewable energy company Norsk Hydro ASA from "outperform" to "sector perform". The revision in investment outlook follows Norsk Hydro's...
Norwegian TSO Statnett is set to trial aluminium pylons as a more sustainable and safer alternative to traditional steel pylons. Pylons, also known as electricity transmission and distribution towers, serve as the structural supports for high-voltage electrical cables, enabling electricity...
Norsk Hydro ASA has successfully issued €500 million of senior unsecured green bonds under its Euro Medium Term Note (EMTN) Programme. The new bond has a tenure of seven years and a fixed annual coupon of 3.625 per cent (3.649 per cent reoffer yield). Image Source: Hydro “We are very satisfied to...
On Monday, January 13, Norsk Hydro announced it would purchase the remaining shares in Hydrovolt from the Swedish battery developer and recycler Northvolt AB for NOK 78 million. Following the acquisition, Hydro will gain full ownership in Hydrovolt, a battery-recycling joint venture between Hydro...
Hydro's Alunorte alumina refinery located in Brazil has reportedly brought two new electric boilers into operation that produce steam using renewable energy as a source of electricity instead of coal to reduce up to 550,000 tonnes of carbon dioxide emissions per year. Image source: Hydro The...
Near the conclusion of 2024, leading Norweigan aluminium and renewable energy company Norsk Hydro (NHY.OL) unfurled its decision to halt investment in its green hydrogen and battery business while slowly but steadily concluding these businesses' operations in the coming years. Image source:...
Aluminium and renewable energy company Hydro has announced a lump sum investment of NOK 200 million (US$17.66 million) to establish a new sow casting line at its Husnes site. This initiative aims to enhance the flexibility of the primary aluminium casthouse and is an essential part of Hydro's...
In a significant move to bolster its commitment to sustainable aluminium production, Hydro Energi AS, a subsidiary of the Norwegian aluminium and renewable energy company Hydro, has entered into a long-term power purchase agreement (PPA) with Å Energi. The 10-year contract, which commences in 2025...
Hydro Energi AS has signed a decade-long power purchase agreement (PPA) with Axpo Nordic, where the latter will deliver 263 gigawatt-hours per annum to Hydro’s Norwegian aluminium plants starting from 2026 and throughout the subsequent 10 years. Image Source:...
Polish aluminium recycling company, wholly owned by Hydro, will increase the use of renewable energy at its Kety plant, leveraging 1,000 MWh of electricity to be generated annually from the new solar panels, expected to be installed and operational during the second quarter of 2025. Image Source:...
The decline in South America’s alumina production for two months in a quarter led to a downfall in the total Q3 output. In July and September, South America’s alumina production decreased by 5.36 per cent and 3.83 per cent, respectively, resulting in a Q3 fall of 3.49 per cent from the previous...
In pursuit of decarbonising aluminium production, Norsk Hydro continues to install onsite solar energy production and energy efficiency measures at its aluminium plants in Germany. Two plants in Rackwitz and one plant in Uphusen, Germany, will have solar photovoltaic rooftops and battery storage...
