The contract secures an annual supply of 350 GWh over a 10 year period. The power from Hafslund will be delivered in Norwegian electricity price area NO3.
“We are pleased to announce this long-term contract with Hafslund. Renewable energy is instrumental to our efforts to produce aluminium with low carbon emissions and deliver a strategic raw material for European industry,” says Kari Thørud, Executive Vice President of Hydro Energy.
Based on renewable energy, Hydro can produce aluminium in Norway with a carbon footprint about 75 percent less than the global average. Renewable energy is key for Hydro to succeed with its technology roadmap towards zero emissions by 2050.
Hydro is actively pursuing a range of available sourcing options to meet the demand for renewable power going forward.
In addition to long-term contracts with counterparts like Hafslund, Hydro is actively developing new renewable power projects as well as upgrading assets in its own captive renewable energy portfolio.
About Hydro
Hydro is a leading aluminium and energy company committed to a sustainable future. Hydro’s purpose is to create more viable societies by developing natural resources into products and solutions in innovative and efficient ways.
Since 1905, Hydro has turned natural resources into valuable products for people and businesses, creating a safe and secure workplace for its 32,000 employees in more than 40 countries. www.hydro.com
About Hafslund
Hafslund is Norway’s second-largest power producer. The group wholly or partially owns 83 hydropower plants and three wind power plants with a total production of 22 TWh, enough electricity to supply more than 3 million people. In addition, Hafslund delivers 1.9 TWh of district heating to 400,000 people and businesses in Oslo and have 900,000 grid customers through its ownership in Elvia. www.hafslund.no
Published: November 7, 2025
