Hydro's power portfolio

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Hydro's power portfolio

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Insights

Aluminium

When you choose aluminium from Hydro, it's strong, light, durable and climate efficient, making you part of a smarter and more sustainable future. Our climate strategy is to cut our CO2 emissions 30% by 2030. Our aluminium can help you meet your goals, too.

Energy

With more than a century of experience in renewable energy, Hydro is one of the top three operators of power production in Norway, and a significant market player in the Nordics and Brazil. We are responsible for developing new business opportunities for Hydro within both renewable energy, hydrogen and batteries, and we provide support to the rest of Hydro’s business areas on contracts, security of supply and energy framework conditions.

Sustainability

Our purpose is to create a more viable society by developing natural resources into products and solutions in innovative and efficient ways. Our ambition is lifting profitability and driving sustainability, creating value for all stakeholders. To tackle our global challenges, the world needs to produce and consume in new ways. We want to contribute to creating a fair society and circular economy by producing responsibly, delivering circular solutions, making net-zero aluminium by 2050 or earlier, and producing and using more renewable energy.

Careers

At Hydro, we put our people at the center of everything we do. By supporting our employees’ growth professionally and personally, we are fostering a community of colleagues who are united in the shared purpose of solving our industries’ most pressing challenges.

Investors

We are a leading aluminium and renewable energy company that has created business opportunities for more than a century by developing products, solutions and industries that address global needs and demands. We supply low-carbon aluminium to customers worldwide and offer renewable energy solutions to industries that want to power manufacturing in a greener way.

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About Hydro

Hydro is a leading industrial company committed to a sustainable future. Our purpose is to create more viable societies by developing natural resources into products and solutions in innovative and efficient ways.

Hydro has a well-established renewable power purchase agreement (PPA) portfolio in Norway and Sweden. The portfolio includes a long list of hydropower and wind power contracts, including two contracts, which at the time entered into were known to be the world's longest lasting and the world's largest corporate wind power PPAs.

The external PPA contracts come in addition to Hydro's captive hydropower portfolio in Norway, which adjusted for ownership shares will account for 9.4 TWh in a normal year as of 2021.

World-wide, more than 70 percent of Hydro's aluminium production is based on renewable power. In Norway, our aluminium production is based entirely on renewables. This sets Hydro apart in the global aluminium industry and represents a competitive advantage.

Updated: July 26, 2021

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