- The agreement covers 153 GWh from January 1, 2026, to the end of 2033.
- Hunton Fiber's factory is located in Gjøvik, Norway.
- Hunton expects a turnover of NOK 740 million in 2025.
- Hunton employs 180 people in the Nordics.
Power Agreement Details
Statkraft and Hunton Fiber have entered into a long-term power agreement for electricity supply to Hunton's wood fiber insulation factory in Gjøvik, Norway. The contract covers a total of 153 GWh, effective from January 1, 2026, until the end of 2033.
Market Context
Despite a historically weak building construction market, demand for Nativo Wood Fiber Insulation is rising across the Nordics. This agreement aims to provide stable and competitive electricity prices, supporting Hunton Fiber's growth.
Company Overview
Hunton is a leading Nordic manufacturer of building materials based on wood and wood fiber. The raw material used is a by-product of timber production and is 100% PEFC-certified. The company employs 180 people in the Nordics and anticipates a turnover of NOK 740 million in 2025.
