Elkem and Statkraft sign seven-year PPA for Bjølvefossen (2031–2037)
- PPA covers the 2031–2037 period with a total volume of 1,534 GWh.
- Bjølvefossen plant employs 150 people and has 60,000 mt annual foundry-alloy capacity.
- Products sold mainly in the EU and Asia for sectors including automotive, construction, renewables and defence.
- Elkem already secures a significant share of its 3.5 TWh annual power use through long-term contracts; the deal strengthens predictability.
Deal scope
Elkem ASA and Statkraft have agreed a long-term power purchase agreement for 2031–2037 covering 1,534 GWh to supply the Bjølvefossen plant.
Operational impact
The agreement is intended to secure competitive, predictable power for continued industrial activity and low‑emission production at Bjølvefossen, a plant that employs 150 people and produces up to 60,000 mt of foundry alloys annually.
Markets and footprint
Bjølvefossen’s alloys are sold primarily in the EU and Asia for customers in automotive, construction, renewable energy and defence. Elkem reports the plant’s products have a carbon footprint around one‑third of the global average.
Company context
Elkem says the contract strengthens competitiveness and investment predictability; Statkraft highlights long‑term contracts’ role in supporting local jobs and value creation. The new agreement adds to Elkem’s portfolio of long‑term power contracts that cover a significant share of its roughly 3.5 TWh annual consumption.
Source: Elkem
