Norsk Hydro

(IN BRIEF) Hydro’s Alumetal recycling plant in Kety, Poland, will enhance its sustainability by installing solar panels to generate 1,000 MWh of renewable electricity annually, set to be operational by mid-2025. The EUR 870,000 investment is part of Hydro’s broader … Read the full press release →

(IN BRIEF) Hydro Energi AS has signed a long-term power purchase agreement (PPA) with Skellefteå Kraft AB to supply 2 TWh of renewable energy to Hydro’s Norwegian aluminium plants from 2025 to 2032. This agreement supports Hydro’s efforts to produce … Read the full press release →

(IN BRIEF) Hydro has renewed its partnership with Dutch yacht builder Vaan Yachts BV to advance sustainability in the yachting industry. Building on five years of collaboration, the two companies have signed a letter of intent to develop sheet materials … Read the full press release →

(IN BRIEF) Hydro is intensifying its commitment to recycling post-consumer scrap (PCS) to achieve zero-carbon aluminium. Since launching its recycling growth agenda in 2020, the company has recycled over 1.4 million tonnes of PCS, positioning itself as a leader in … Read the full press release →

(IN BRIEF) Hydro and Mercedes-Benz have launched the “Corridor” program at Climate Week 2024 in New York, aimed at fostering sustainable development in the Brazilian Amazon. This long-term initiative will promote positive impacts for local communities and nature through partnerships … Read the full press release →

(IN BRIEF) Hydro has opened a new aluminium recycling plant in Székesfehérvár, Hungary, with a capacity of 90,000 tonnes, primarily serving the automotive sector. The facility processes post-consumer scrap and production waste, supporting the demand for low-carbon, recycled aluminium. This … Read the full press release →

(IN BRIEF) Hydro Extrusion in Sweden takes a significant step towards achieving zero emissions by initiating onsite production of renewable energy. The company, through its renewable energy subsidiary Hydro Rein, completes phase one of the project, installing rooftop and ground-mounted … Read the full press release →

(IN BRIEF) Hydro has announced significant changes to its Executive Leadership Team under the new leadership of President and CEO, Eivind Kallevik, who took office on May 13, 2024. Hanne Karine Simensen, previously the Head of Commercial in Hydro Aluminium … Read the full press release →

(IN BRIEF) Hydro has inaugurated the Høyanger Recycling facility, a significant step in its commitment to decarbonize the aluminium value chain and foster a circular economy. With an investment of NOK 240 million, the purpose-built facility, located near its primary … Read the full press release →

(IN BRIEF) Hydro Energi AS recently finalized a significant long-term power purchase agreement (PPA) with Swiss energy provider Alpiq, spanning from 2025 to 2033. The agreement entails the delivery of 0.54 TWh of power, contributing to Hydro’s Nordic power portfolio, … Read the full press release →

(IN BRIEF) Norsk Hydro ASA has scheduled its Annual General Meeting for May 7, 2024, at 10:00 CEST, offering a hybrid format allowing shareholders to attend either in person or digitally, with options for advance voting or proxy participation. While … Read the full press release →

(IN BRIEF) Hydro Extrusions has announced an agreement to sell its fabrication unit in Kaunas, Lithuania, to VE Invest UAB. The Kaunas plant, with approximately 170 employees, serves as a fabrication unit for Hydro’s extrusion plants in Sweden and Denmark. … Read the full press release →

(IN BRIEF) The Norwegian government, along with industry associations and trade unions, has finalized an agreement on the future of the Norwegian CO2 compensation scheme, slated to be effective from 2024 to 2030. This agreement, encompassing a maximum annual CO2 … Read the full press release →

(IN BRIEF) Hydro Rein, Equinor, and Scatec have commenced operations at the Mendubim solar project in Brazil’s Rio Grande do Norte state, marking a significant step forward in the country’s renewable energy landscape. Developed through a partnership between the three … Read the full press release →

(IN BRIEF) Hydro and NKT have announced a strategic partnership to develop a cutting-edge, low-carbon aluminium power cable value chain, aimed at facilitating the growth of Europe’s renewable energy grid. The collaboration, set to extend towards 2030, will focus on … Read the full press release →

(IN BRIEF) Hydro Rein, Hydro’s renewable growth venture, has struck a deal with Swedish renewable energy developer IOWN Energy to acquire an 80 percent stake in a 2.4 GW portfolio of wind power projects in Sweden and Norway. The partnership … Read the full press release →

(IN BRIEF) Hydro, a global aluminium producer, has partnered with the Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT CRC) to advance decarbonization efforts. Through this collaboration, Hydro aims to leverage research expertise and innovative technologies to reduce emissions in … Read the full press release →

(IN BRIEF) Norsk Hydro ASA announced the signing of a USD 1,000 million revolving multi-currency credit facility on February 15, 2024. The facility, with a two-year tenor and a one-year extension option, replaces the company’s previous undrawn USD 1,300 million … Read the full press release →

(IN BRIEF) Norsk Hydro ASA has successfully concluded its share buyback program, which began on September 22, 2023, and concluded on February 29, 2024. The program resulted in the acquisition of a total of 31,255,117 shares, equivalent to 1.53% of … Read the full press release →

(IN BRIEF) Hydro, a leader in low-carbon aluminum production, has joined the First Suppliers Hub, a tool launched at the World Economic Forum’s annual meeting in Davos. The hub streamlines the transition from climate commitments to action for companies dedicated … Read the full press release →