Norwayhydro.com/en/global/energy
Hydro Energi AS is a Norwegian company specializing in renewable energy production, particularly hydropower. It is part of Norsk Hydro ASA, a leading aluminum and renewable energy firm founded in 1905. With over a century of experience, Hydro Energi AS owns approximately 9.4 TWh of hydropower capacity and operates 40 power plants in Norway, generating around 13 TWh of renewable electricity annually—nearly 10% of the country's total hydropower output.
The company plays a key role in power trading and sourcing, active in the Nordic and Brazilian markets. It secures long-term power purchase agreements (PPAs) to support Hydro's energy-intensive aluminum production, including recent deals with Statkraft for 12.3 TWh over 10 years. Headquartered in Oslo, Hydro Energi AS contributes to sustainable energy solutions for industrial applications.
Secures 876 GWh/year from 2031–2040 (~8.8 TWh total) with delivery in Norwegian price area NO5; follows April 2026 deals covering 2029–2038.
Contracts secure power for primary aluminium production in Norway, allocating deliveries across NO2 and NO3 price areas and supporting long-term industrial competitiveness and low-carbon solutions.
