Norsk Hydro to install hydrogen plants alongside aluminum smelters in partnership with Everfuel – Aluminum Insider
Norwegian aluminum producer Norsk Hydro ASA said this week it has entered into a memorandum of understanding with Danish green hydrogen infrastructure company Everfuel A / S to develop a partnership to develop and supply hydrogen renewable.
Per Hydro, the two companies aim to install and supply hydrogen electrolyzers across Europe. The new venture would also help switch from gas to renewable hydrogen at Hydro’s two plants on the continent and third-party buyers as well.
The deal envisions installing electrolysers alongside Hydro’s aluminum smelters, which would power production line operations and also supply the European transport sector.
Arvid Moss, Executive Vice President of Hydro Energy, mentionned the project would have several advantages both inside and outside the company.
“We need to power the world with renewable energy, and renewable hydrogen is a way to bring green energy to industries and sectors that historically have been difficult to decarbonize. The use of hydrogen will allow more sustainable operations in hydro, and through the partnership with Everfuel, we will also be able to supply the growing green mobility market in Europe.
The deal is part of Hydro’s larger goal to cut greenhouse gas emissions by 30% by the end of the decade. Currently, the two companies operate between three and five projects in Norway and across Europe, some of which are independent from Everfuel.
Norsk Hydro, which was founded in 1905, funded by the Swedish Wallenberg family and French banks, began life as Norsk hydro-elektrisk Kvælstofaktieselskab (literally, “Norwegian hydro-electric limited nitrogen”) by Sam Eyde. The Norwegian government currently owns around 40% of the company. Norsk Hydro is one of the largest aluminum companies in the world, with factories in Rjukan, Raufoss, Vennesla, Karmøy, Høyanger, Årdal, Sunndalsøra and Holmestrand. Norsk also has several factories abroad, notably in Germany and Brazil.