Energy

The Energy business area has overall resonsibility for Hydro's hydropower production.

Key facts – hydroelectric power

  • Hydro is the second-largest producer of hydropower in Norway
  • Hydro's power production is primarily used to supply electricity to the company's aluminium plants
  • Hydro operates 17 hydroelectric facilities, accounting for about 8 percent of Norway’s combined total power generation
  • Executive Vice President of Energy: Ola Sæter

Key figures, 2008

  • Hydroelectric power production: 11.4 TWh
  • Operating revenues: NOK 7,915 million
  • Underlying EBIT: NOK 1,736 million
  • Approx. 200 employees, mainly in Norway

Key facts – solar energy

  • In addition to hydroelectric power, Hydro leverages on its long experience in materials technology and renewable energy with investments in solar energy solutions in partnership with other companies in Europe and the U.S.
  • The solar area is part of Hydro's Strategy and Business Development sector
  • Executive Vice President of Strategy and Business Development: Arvid Moss 

For further financial information, see Hydro's Annual reporting 2008