Norsk Hydro Asa · OSL:NHY
Norsk Hydro Asa — Hydro Rein — Pareto Securities' Power & Renewable Energy Conference 2025
11 slides from Norsk Hydro Asa's conference presentation, Jan 30, 2025
Slide 1: Renewable energy solutions for sustainable industries
Renewable energy solutions for sustainable industries Pareto Securities’ Power & Renewable Energy Conference, 30 January 2025 Olivier Girardot, CEO
Slide 2: Building the preferred supplier of renewable energy solutions for industrials
Building the preferred supplier of renewable energy solutions for industrials 2.6 GW 8.4 GW Europe in operations gross capacity in portfolio Mendubim Ventos de ~15 GWh p.a. >60 Stor-Skälsjön São Zacarias potential of power savings or total # of renewable Vista Alegre production behind the meter proj
Slide 3: Decarbonizing industries requires support in front and behind the meter
Decarbonizing industries requires support in front and behind the meter Energy generation Transmission Distribution network network Front of the meter Behind the meter Renewable Energy Energy Solutions • Commercial developer into utility-scale wind • Innovative developer, owner, operator & and solar
Slide 4: Supporting our customers on their road to net zero: some concrete examples
Supporting our customers on their road to net zero: some concrete examples Partnership with Fritzøe to Decarbonizing Hydro’s alumina Enabling energy efficiency at develop renewables in Norway production in Brazil Norwegian aluminium plants • Renewable energy development in • PPAs between Alunorte re
Slide 5: Status after 4 years: 2.6 GW of renewables in operations
Status after 4 years: 2.6 GW of renewables in operations Projects in operations by end of 2024 Stor-Skälsjön Ventos de São Zacarias Mendubim Boa Sorte Vista Alegre Sweden Brazil Brazil Brazil Brazil Location: SE2 area Location: Northeast Location: Northeast Location: Southeast Location: Southeast In
Slide 6: Vista Alegre: Brazil's largest single-phase solar development
Vista Alegre: Brazil’s largest single-phase solar development Capacity: 902 MWp Production: ~2 TWh/year PPA: 21-year power contract with Albras Partners: Atlas Renewable Energy & Albras Hydro Rein share: 20 % ownership Environment and social: 6
Slide 7: Nordics: Substantial development pipeline supporting further growth ambitions
Nordics: Substantial development pipeline supporting further growth ambitions Grid-scale portfolio: Behind-the-meter projects: Stor-Skälsjön Locally produced renewable energy in 260 MW 25% share Hydro’s plants in Sweden Snøheia 350 MW 35% share Hydro Rein & IOWN 2400 MW Årdal Early phase 80% share H
Slide 8: Fundamentals for renewables remain strong…
Fundamentals for renewables remain strong… Strong growth in power Significant and expanding Renewables with Integrated, robust and demand opportunity space competitive LCOE efficient power market Nordic power demand forecast TWh Onshore wind capacity in the Nordics GW LCOE range various technologies
Slide 9: … even though the sector is facing significant headwinds
… even though the sector is facing significant headwinds Grid access and Interest rates remain Negative sentiment and Price cannibalization curtailment elevated opposition SE1 on sho re wind capture rate (monthly a vg 202 4) 10yr US G ov bo nd yield 100% 30 TWh 5% 80% lost to grid curtailment 4% acr
Slide 10: Our core focus remains the same
Our core focus remains the same Long-term renewable power supply and energy solutions to industry in our core markets Brazil and Nordics Focus on wind, solar and battery hybrid projects Power purchase agreements (PPA) as cornerstone, active management of firming risks Dialogue and cooperation with l
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Hydro Rein — Pareto Securities' Power & Renewable Energy Conference 2025 on 6ix