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The Batteries business unit in Hydro Energy aims to develop leading sustainable battery businesses in Europe, by active investments in the battery value chain. This is part of Hydro’s strategic direction towards 2025 to diversify and explore new opportunities in renewable energy.

Norway’s first electric vehicle battery recycling plant is located in Fredrikstad

Since 2017 Hydro Batteries has engaged in selected ventures within the battery value chain.

Hydro’s experience in developing industries based on renewable energy form the foundation for our battery businesses. We have made selective investments in assets that combine innovative sustainable solutions and high value potential with the opportunity to learn and contribute as an active industrial owner. We invest with complementary industrial and financial partners, and we have access to Hydro’s full technological and operational capabilities which we utilize to support industrialization of innovative solutions in the companies we are invested in. With these investments we already have a strong track record and a significant growth potential.  

The battery sector is expected to grow very fast globally and in Europe, mainly on the back of the ongoing automotive industry transformation from fossil fuel to electrical vehicles. Our dedicated team is systematically building further competence through hiring experts and actively developing and expanding Hydro’s battery footprint. We are currently investing NOK 0.5-1.0 billion per year.

2030 Strategy

Batteries targets growth within sustainable battery materials by leveraging Hydro’s capabilities. Industrializing and scaling innovative Circular Solutions and Anode Materials are the two main pillars of this strategy. Securing sufficient raw materials for the green energy transition is a challenge for Europe, and Hydro is in a strong position to contribute. The growing demand for a more sustainable battery value chain underscores the importance of producing battery materials in a responsible way and recovering and reusing the materials in batteries to avoid waste. The recycling of batteries is also necessary for fulfilment of emerging European regulations governing batteries.

To support the sustainable battery materials strategy and position for next generation technologies, Batteries builds technology platform through R&D and selected emerging technology investments.

The fully automated recycling process at Hydrovolt (Joint Venture between Hydro and Northvolt) enables up to 95% of battery materials to be recovered from batteries, including plastics, copper, aluminium and black mass, a powder containing metals of nickel, manganese, cobalt and lithium. Aluminium recovered through Hydrovolt is delivered to Hydro for recirculation into commercial grade aluminium products.

Vianode (owned 30% by Hydro) is addressing the largest unfulfilled materials demand in the European market, offering anode graphite products with unique performance characteristics and produced with up to 90 percent lower CO2 emissions than today's standard materials, with a goal of providing battery materials to 2

We will also continue developing the marine segment leader Corvus and other portfolio holdings with the aim to realize full value potential for each company. We will contribute to good industrial solutions and will manage our portfolio actively to maximize value creation.

Sustainable battery materials

The battery supply chain faces several obstacles including high costs and environmental and social impacts associated with the extraction and processing of key metals. Sustainability is the very foundation of Hydro Batteries’ 2030 strategy. Our goal is to be sustainability leading, with clear targets and requirements on climate, environmental and social sustainability. Our sustainability principles guide our work and our investment choices across the entire supply chain. See our ambitions and targets below.

Requirements&Targets.png* For scope 1, 2 and 3 emissions, raw materials, but not remaining fossil fuel in user phase


  • Europe’s largest battery recycling plant, ramping up production
  • Capacity to process 12,000 tons of battery packs on annual basis
  • Recovering 95% of battery pack materials
  • Joint venture (50/50) with Northvolt
  • Working on European expansion
  • Aluminium to be recycled by Hydro
  • Hydrovolt

Hydro's role

  • Founding partner and part-owner since 2020
  • Board membership and industrial partner



  • Vianode has developed synthetic graphite products produced with up 90% lower CO2 emissions than today’s standard materials
  • 1st phase plant in Norway will have 100 employees and produce battery materials for more than 20,000 EVs per year by 2024
  • Important contributor to the European supply of critical materials needed for the energy transition.
  • Synthetic Graphite Manufacturers | Vianode

Hydro’s role

  • 30% ownership since 2022
  • Board membership and industrial partner

Corvus Energy

Hydro's role

  • 24.1% ownership
  • Part of journey from start-up to world-leader since 2017
  • Board membership and industrial partner



  • Among Europe’s top battery cell manufacturers
  • 2030 target to deliver batteries with 10 kg CO2/KWh, around 90 per cent lower than current conventional cells
  • 2030 target: 150 GWh annual cell output
  • Northvolt - the future of energy | Northvolt

Hydro’s role

  • Part-owner since 2019
  • ~1% ownership share
  • Seat on advisory board