Contract Termination Caps Off-taker Risk The original 2018 contract obliged Cloud Snurran to supply a baseload 300 gigawatt-hours (GWh) a year from 2020 to 2030, rising to 550 GWh annually between 2031 and 2049—equivalent to roughly 0.3 % and 0.6 % respectively of Hydro’s normal-year equity power output in Norway. Deliveries stopped in November 2024...
READ MORENorwegian aluminium producer Hydro has said that newly expanded U.S. tariffs on metals and automotive products are unlikely to significantly impact its business, due to limited exposure to affected trade flows and a diversified production footprint. In a financial update last week, CEO Eivind Kallevik addressed the evolving U.S. trade policy landscape, particularly the expansion...
READ MOREChloroplant Company Limited, a subsidiary of Marcon LC, has been awarded a $17 million contract by Singapore-based H1Hydro Group to design, build, and operate a 10 MW green hydrogen plant in Sarawak, Malaysia. The facility, set to launch in early 2026, will utilize advanced modular European electrolysis technology to optimize efficiency and scalability. Sarawak is...
READ MOREHydro has announced plans to invest NOK 1.65 billion ($156 million) in constructing a new wire rod casthouse at its aluminium smelter in Karmøy, Norway. The facility, set to begin operations in early 2028, will produce 110,000 tonnes of aluminium wire annually for use in power cables critical to Europe’s energy infrastructure This marks Hydro’s...
READ MOREHydro and Rio Tinto have announced a partnership to develop carbon capture technology aimed at reducing emissions from aluminum smelters. The companies plan to invest approximately $45 million over five years, with research and development efforts taking place at Hydro’s facilities in Norway and Rio Tinto’s locations in Europe. Both companies will continue their independent...
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