Hydro secures long-term renewable power supply from Statkraft
The contract delivers 876 gigawatt hours annually through 2040, ensuring stable low-carbon aluminium production while supporting European energy transitions.
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In short: Hydro reported strong 2026 financial results, secured renewable energy contracts, and expanded low-carbon aluminium partnerships.
The contract delivers 876 gigawatt hours annually through 2040, ensuring stable low-carbon aluminium production while supporting European energy transitions.
The reduction follows natural gas supply disruptions; Alunorte bought spot gas and requested LNG terminal access, with production to recover once supplies normalize.
Adjusted EBITDA increased to NOK 8,923 million, up 14.5% year-on-year, driven by higher aluminium prices and strong recycling.
Fifty tonnes of aluminium from Sørkedalsveien 6 are recycled into new facade, cutting energy use by 57 percent.
Norsk Hydro (NHYDY) (NHYKF) down 3.4% in Friday's trading as J.P. Morgan downgraded the aluminum producer to Neutral from Overweight and lowered its price target...
Explore: Norsk Hydro shares gain 14 per cent M-o-M as strong Q2 results, aluminium prices and demand shape investor sentiment.
By Joe Stonor Shares in European metals companies with American footprints rose after trade talks...
An update from Norsk Hydro Asa ( (GB:0Q11) ) is now available.
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