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Investments and business development within energy projects

Hydro Energy has a wide portfolio of renewable projects. We are a global Industry leader within sustainability with operations based on long-term license to operate.

We are a global Industry leader within sustainability with operations based on long-term license to operate. We have the industry’s lowest carbon footprint, supported by high share of renewable energy sources and continued growth in recycling. Over the resent years, Hydro has entered several new energy partnerships. Here are three of our most important investments:

Corvus

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  • Leading Norwegian/Canadian energy storage solutions provider for maritime.
  • State-of-the-art battery systems assembly plant in Bergen, Norway.

Hydro's role

  • Part-owner since 2017, currently 21.1% ownership share.
  • Board membership and industrial partner.

Corvusenergy.com

Northvolt

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European supplier of sustainable, high-quality battery cells and systems.

Hydro’s role

  • Part-owner since 2019
  • ~1% ownership share
  • Aluminium supply and competence
  • Energy systems competence
  • Recycling competence

Northvolt

Hydro volt

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  • Joint venture (50/50) with Northvolt
  • Planned recycling plant for Li-Ion battery materials from electric vehicles
  • Will be first of its kind in Norway and one of the most advanced in the world
  • Final build decision expected in Q4
  • Aluminium to be recycled by Hydro

Hydro Volt