Norsk Hydro Asa · OSL:NHY
Norsk Hydro Asa — Hydro Rein — Pareto Power & Renewable Energy Conference 2024
10 slides from Norsk Hydro Asa's conference presentation, Jan 18, 2024
Slide 1: We get industries to net-zero
We get industries to net-zero Tor Ove Horstad, CCO and Head of Norway Pareto Power & Renewable Energy Conference, January 18 2024
Slide 2: Hydro Rein offers tailored solutions for industrial decarbonization
Hydro Rein offers tailored solutions for industrial decarbonization Industrials represent ~40% of … and face major hurdles on their Hydro Rein’s solutions for reducing global emissions… decarbonization journey industrial emissions Scope 1 and 2 Operating restrictions & reliability concerns Wind, sol
Slide 3: We accelerate the supply of renewable energy solutions to industrial customers
We accelerate the supply of renewable energy solutions to industrial customers Brazil 5.3 TWh p.a.1 Mendubim 7.4 GW2 signed under long-term gross capacity Europe in portfolio EUR & USD PPAs Ventos de São Zacarias 4.4bn 1 Boa Sorte ~402 Potential expansion markets USD contracted Stor-Skälsjön total #
Slide 4: Milestone projects under construction – COD 2024
Milestone projects under construction – COD 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 5: 2023: A groundbreaking partnership with Macquarie Asset Management
2023: A groundbreaking partnership with Macquarie Asset Management An industrial giant with a world-leading renewable investor. Established relationship between Macquarie 1 and Hydro since 2017 – partnership in Brazil and developing Nordic PPA-market. 2 Shared values of driving the green transition
Slide 6: Gearing up in the Nordics: A significant portfolio of renewable projects – 6 TWh gross
Gearing up in the Nordics: A significant portfolio of renewable projects – 6 TWh gross Hydro’s plants in Norway to cut yearly power consumption equal to 100 GWh Stor-Skälsjön 260 MW 25% share Snøheia Energeia/Eidsiva/ 300 MW Hydro Rein 35% share 80-160 MW 30% share Årdal Geisli Energi Greener Sweden
Slide 7: Uniquely positioned for long-term value creation
Uniquely positioned for long-term value creation Become the preferred supplier of renewable energy 1 solutions to industrial customers in core markets – key enabler for decarbonization of Hydro Focus on growing in the Nordics and develop in 2 selected markets in Europe, strong foothold in Brazil est
Slide 8: 2024: Turning point for renewables in Norway
2024: Turning point for renewables in Norway 2030 is right around the corner, to succeed we need more faster Stable and ambitious Faster permitting, more grid Sense of urgency, reflecting Doing things right together framework conditions for capacity European and Nordic neigbors with our local commun
Slide 9: Most valuable asset and competitive advantage: Our people
Most valuable asset and competitive advantage: Our people 75 employees 50/50 gender balance 20 different nationalities
Slide 10: REIN | 2.
REIN | 2.
Hydro Rein — Pareto Power & Renewable Energy Conference 2024 on 6ix