Norsk Hydro Asa · OSL:NHY
Norsk Hydro Asa — Hydro Rein — Pareto Securities' Annual Energy Conference 2024
12 slides from Norsk Hydro Asa's conference presentation, Sep 11, 2024
Slide 1: Renewable energy solutions for sustainable industries
Renewable energy solutions for sustainable industries Olivier Girardot, CEO Pareto Securities’ Annual Energy Conference
Slide 2: Hydro Rein – three years of fast-paced growth
Hydro Rein – three years of fast-paced growth Brazil 5.3 TWh p.a.1 Mendubim 8.4 GW already sourced gross capacity Europe in portfolio under long-term PPAs Ventos de São Zacarias Boa Sorte >16 TWh p.a. Stor-Skälsjön >60 additional potential total # of renewable projects under development in portfolio
Slide 3: 1.7 GW of renewables projects reaching COD in 2024
1.7 GW of renewables projects reaching COD in 2024 Stor-Skälsjön Mendubim Location: Sundsvall, SE2 Location: Rio Grande do Norte, Northeast Plant Capacity: 260 MW Plant Capacity: 531 MWp Annual Production: 807 GWh Annual Production: 1227 GWh REIN Ownership: 25% REIN Ownership: 33.3% COD: Q1/2024 COD
Slide 4: How are we decarbonizing industries?
How are we decarbonizing industries? Partnering with Fritzøe Energi Alunorte decarbonization 100 GWh of energy efficiency • Combining 300 years of industrial heritage to • Supporting one of the world’s largest • Working with Hydro’s five aluminium smelters develop renewable energy in Vestfold, decar
Slide 5: Demand for renewables in the Nordics to almost double by 2050
Demand for renewables in the Nordics to almost double by 2050 Electricity demand Nordic markets 800 700 600 500 TWh 400 300 200 100 0 2025 2027 2029 2031 2033 2035 2037 2039 Source: THEMA Consulting 5
Slide 6: The COP28 challenge: tripling up and doubling down
The COP28 challenge: tripling up and doubling down Grid-scale portfolio: Behind-the-meter projects: Stor-Skälsjön Greener Sweden: Plants switching to locally 260 MW 25% share produced renewable energy Snøheia 300 MW 35% share Hydro Rein & IOWN Årdal 2400 MW Early phase 80% share Hydro Rein + Energei
Slide 7: What does it take?
What does it take? 7
Slide 8: Competence
Competence Attracting the best Insourcing the right expertise Efficient and agile organization Prioritizing diversity and culture 8
Slide 9: No compromise on nature
No compromise on nature + Contribute NET GAIN Baseline condition Biodiversity Biodiversity Biodiversity Biodiversity BIODIVERSITY VALUES impact Offset impact impact impact Restore Restore NO NET LOSS Minimize Minimize Minimize Avoid Avoid Avoid Avoid – Required actions to reach targets: biodiversity
Slide 10: Hydro Rein's nature positive project in Sweden
Example: Hydro Rein’s nature positive project in Sweden On-site energy production systems at the Hydro Extrusions’ Vetlanda plant, including ground-mounted solar, rooftop solar and battery storage 2022: 2024: 2.84 CLIMB units 5.33 CLIMB units CLIMB is a tool for Nordic conditions that calculates bio
Slide 11: Partnership is the new leadership
Partnership is the new leadership Shareholders Customers Partners and local stakeholders 11
Slide 12: We make renewable energy work for you
We make renewable energy work for you 12
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