Hydro signs long-term power contract for Karmøy pilot

Norwegian aluminium company Norsk Hydro ASA’s fully owned subsidiary Hydro Energi AS has signed a long-term power contract with Axpo Trading AG, a Switzerland-based energy company with captive power production and international trading activity, for annual supply of 0.25 terrawatt hours (TWh) over 10 years from January 1, 2021, and a total delivery of 2.5 TWh.

The contract covers a fourth of the Karmøy pilot plant’s power needs in the period 2021-2030. Hydro has already signed a contract with Lyse Produksjon AS for 330 GWh annually, or a third of the plant’s power needs, for the period 2031-2040.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.