Elkem and Statkraft have signed a new long-term power agreement which secures additional competitive access to power for Elkem’s plant in Bremanger. The new contract covers a capacity of 20-40MW for a duration of ten years. The new contract secures additional predictability for a total of 3TWh in the period 2024-2033, supporting continued long-term operations and enabling new investments at the plant.Elkem is already well-positioned with long-term power contracts in Norway, having secured more than 80%of its electricity supply in the country at competitive rates. Elkem has most of its Norwegian production plants located in the middle and north of the country, where prices remain lower than in the south. Norway’s electricity generation is more than 90%based on renewable hydropower.
Elkem and Statkraft have signed a new long-term power agreement which secures additional competitive access to power for Elkem’s plant in Bremanger. The new contract covers a capacity of 20-40MW for a duration of ten years. The new contract secures additional predictability for a total of 3TWh in the period 2024-2033, supporting continued long-term operations and enabling new investments at the plant.Elkem is already well-positioned with long-term power contracts in Norway, having secured more than 80%of its electricity supply in the country at competitive rates. Elkem has most of its Norwegian production plants located in the middle and north of the country, where prices remain lower than in the south. Norway’s electricity generation is more than 90%based on renewable hydropower.
