Norsk Hydro ASA is a Norwegian industrial company and one of the world’s largest integrated aluminium producers. Founded in 1905 and headquartered in Oslo, it operates across the aluminium value chain, including bauxite mining, alumina refining, primary aluminium smelting, extrusion, and metal recycling. The company also owns and operates significant hydropower assets in Norway, supporting energy-intensive operations with renewable electricity. Norsk Hydro is listed on the Oslo Stock Exchange.
Hydro supplies aluminium metal and semi-fabricated products to automotive, building and construction, packaging, and engineering markets. Its upstream activities include bauxite operations and alumina production (a key chemical intermediate) and downstream activities encompass casting and value-added fabrication. The company emphasizes increased recycling and lower-carbon aluminium production, working to reduce process emissions and energy intensity across its sites.
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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.