Aluminerie Alouette Secures Long-Term Power Deal
- A $1.5 billion investment will modernize Aluminerie Alouette's facilities.
- The power supply contract extends through 2045.
- The modernization focuses on automation, innovation, and decarbonization.
- The company aims for net-zero carbon emissions by 2050.
Power Supply Agreement
Aluminerie Alouette has secured a long-term power supply agreement extending through 2045. This agreement was announced by Quebec Premier François Legault and Aluminerie Alouette's President and CEO, Claude Gosselin.
Investment and Modernization
The company will invest $1.5 billion to modernize its facilities, enhancing competitiveness and sustainability. The modernization plan includes automation, innovation, and decarbonization efforts.
Economic and Environmental Goals
The revised pricing model allows increased returns to Hydro-Québec during strong market conditions without raising financial exposure during downturns. Aluminerie Alouette aims to achieve net-zero carbon emissions by 2050, focusing on improving electrolysis efficiency and leveraging digital technologies.
Community Investment
In addition to facility upgrades, Aluminerie Alouette will invest $15 million over the next decade to support community initiatives in Sept-Îles, Port-Cartier, and Uashat mak Mani-utenam.
Source: Alouette