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Elkem, Hydro and Altor complete transaction to further develop Vianode as a leading supplier of sustainable battery materials

Vianode recently announced a transaction where Hydro and Altor Equity Partners will each acquire 30 percent ownership in Vianode, while Elkem will retain the remaining 40 percent ownership. The transaction is now approved by competition authorities, providing Vianode with significant backing to accelerate the industrialization of advanced battery materials with a green footprint in Europe.

The closing of the transaction represents an important milestone to accelerate the growth of Vianode as a company. Through the transaction, the partners will contribute to financing a first phase plant and preparations for a potential full scale plant, estimated at around NOK 2 billion total.

An investment decision on a first phase plant for Vianode is expected shortly.



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Maria Melfald Tveten

Head of Communication & Public Affairs, Hydro Energy

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