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.
Power Operations is responsible for our physical operations, including our hydropower portfolio in Norway, and the wind farm operations at Tonstad, Norway. We are operators of 40 power plants in Norway, with a combined output of 13.7 TWh renewable electricity in a normal year, close to 10 percent of the production in Norway.
Energy Markets is a significant market player in the Nordics and Brazil, optimizing our power portfolios in the markets from day to day.
Our Projects unit develops and executes projects across the company, with broad engineering expertise and experience from large industrial projects.
New opportunities in the energy transition
In addition to our Operations, Markets and Projects portfolio, we are also active developers of business opportunities within renewable power, hydrogen and batteries, where our capabilities match megatrends.
The Batteries business unit in Hydro Energy develops current assets and explores additional business opportunities within the battery value chain.
Hydro REIN offers renewable energy solutions for more sustainable industries. Set up as a separate company, Hydro REIN facilitates access to affordable renewable power, sourced from our portfolio of hydro, solar and wind projects in Brazil and the Nordics. We also provide industrial scale solutions to improve energy efficiency, reduce emissions and cut costs.
Hydro is also establishing a separate hydrogen company to take a leading role as a developer and operator in the hydrogen sector, aiming to switch from gas to hydrogen at several of our own sites as well as to develop projects and serve the external market.
Energy used in aluminum production
Because it takes a lot of energy to produce primary aluminum, it is very important to use energy sources that leave a small carbon footprint. An aluminum plant which bases its electricity on coal leaves a CO2 footprint five times larger than one that bases its production on electricity from renewable sources.
Hydro’s primary aluminum production capacity in Norway is 100 percent supplied with renewable power. World-wide, Hydro’s corresponding renewable power share is above 70 percent. By the end of 2018, Hydro was the fourth largest buyer of renewable power in the world and the largest in Europe.
The low carbon footprint of Hydro’s aluminum is a unique competitive advantage, and it is in large enabled by efficient technology and emission-free power in the aluminum production process.
On these pages you can find out more about Energy’s operations and our strategy.
Updated: April 27, 2021