Norsk Hydro Asa · OSL:NHY
Norsk Hydro Asa — Sparebank 1 Markets Energy Conference 2024
10 slides from Norsk Hydro Asa's conference presentation, Feb 27, 2024
Slide 1: Shifting gear in the energy transition
Shifting gear in the energy transition Arvid Moss, EVP Energy, Norsk Hydro Sparebank 1 Markets Energy Conference, 27 February 2024
Slide 2: We need to shift gear in Norway – from discussing targets to planning and execution
We need to shift gear in Norway – from discussing targets to planning and execution NVE: Concessions new power (Norway) GWh 3500 Wind power Vindkraft 3000 Small-scale hydro power Småkraft 2500 Vannkraft Hydro power 2000 OU vannkraft Build out of existing hydropower 1500 1000 “We have focused too muc
Slide 3: Norwegian power market surplus in question
Norwegian power market surplus in question Public opposition to onshore wind parks limiting the effect of attractive renewable resources Market uncertainty prevails Norwegian Power Balance TWh 300 Short-medium term: Power market balance weakening 250 Demand from electrification and new industries ou
Slide 4: Key risks if we do not shift gear
Key risks if we do not shift gear Higher power prices, losing competitive 1 edge, reduced investment appetite Losing global leadership within existing 2 green industries Missing out on opportunities to develop 3 new technologies, industries and jobs Not reaching climate targets, risk of 4 not mainta
Slide 5: Key challenges that need to be solved
Key challenges that need to be solved Grid capacity | Permitting processes | Impact on biodiversity | Courage to execute Local public acceptance 5
Slide 6: Norwegian power projects remain attractive
Norwegian power projects remain attractive Attractive resource base and cost level, and onshore wind is enabler for renewables at low shaping cost Range of LCOE and Nordic System price to 20301) Illustrative Capture rates Southern Norway and Germany 2023 EUR per MWh Percentage 140% 90 80 120% Southe
Slide 7: Wind and hydropower interplay is key for future system
Wind and hydropower interplay is key for future system Hourly Total Hourly per source NO2 Week 6 2023 NO2 Week 6 2023 Hydro power Wind power Hydro (LHS) Wind (RHS) 12000 12000 1600 1400 Hydro power production MWh/h Wind power production MWh/h 10000 10000 Wind power and 1200 8000 8000 flexible hydrop
Slide 8: 2024: Turning point? Business is ready to act
2024: Turning point? Business is ready to act 2030 is right around the corner, to succeed we need more faster Key framework conditions for Signals wrt faster permitting, Sense of urgency, reflecting Doing things right together renewables agreed more grid capacity European and Nordic neigbors with ou
Slide 9: Power development for industrial purposes create jobs and vibrant local communities
Power development for industrial purposes create jobs and vibrant local communities Opportunity for industrial companies to 1 continue investing in and develop world- leading greener industries Greener industries contribute with more 2 jobs, export revenues, tax revenues and positive local ripple ef
Slide 10: Hydro – Industries that matter
Hydro Industries that matter
Norsk Hydro — Sparebank 1 Markets Energy Conference 2024 on 6ix