Norsk Hydro Asa · OSL:NHY
Norsk Hydro Asa — Pareto Securities' Power & Renewable Energy Conference 2024
12 slides from Norsk Hydro Asa's conference presentation, Jan 18, 2024
Slide 1: Powering the green aluminium transition
Powering the green aluminium transition Per-Eilert Vierli, Head of Energy Markets, Norsk Hydro Pareto Securities’ Power & Renewable Energy Conference, 18 January 2024
Slide 2: The world needs more renewable energy to succeed with the energy transition
The world needs more renewable energy to succeed with the energy transition Preserve climate and nature Decarbonize and develop industry Adapt to a circular economy
Slide 3: Hydro is a large power producer, power consumer and market player
Hydro is a large power producer, power consumer and market player Hydro’s energy consumption1) 18.3 Hydropower Europe Onshore Wind2) 1.5 Electricity 18.3 TWh Solar PV2) North America Natural gas 1.5 TWh Electricity 2.3 TWh 2.3 1.9 Energy Solutions3) 12.0 Natural gas 1.9 TWh Green hydrogen3) Middle E
Slide 4: Global renewable investments have increased significantly, but fallen in Norway
Global renewable investments have increased significantly, but fallen in Norway IEA: “This year, for every dollar invested in fossil fuels, USD NVE: Concessions new power (Norway) 1.70 is going to clean energy” billion USD (2022) GWh 1750 Fossil fuels Clean energy 3500 Wind power Vindkraft 1500 3000
Slide 5: 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 Power market balance weakening (short-medium term) 250 200 Demand from electrification and new industri
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: Commercial portfolio handling combined with stable industrial demand
Commercial portfolio handling combined with stable industrial demand Hydro Energy Power Portfolio Intermittent ➢ Optimization wind across assets, markets and portfolio Internal sale of Baseload power ➢ Achieve lowest Flexible captive power deliveries to possible power hydropower Aluminium Metal cost
Slide 9: Status for Hydro's wind projects in Western Norway
Status for Hydro’s wind projects in Western Norway Pursuing opportunities to develop and source power to industry Snøheia: Årdal: Other locations: Snøheia: ongoing. Project development Exploring new power development in a Actively exploring opportunities for new Proceeding whenFproject is mature. wi
Slide 10: Upgrading and expanding hydropower in Røldal-Suldal can resolve 10-15 per cent of future capacity
Upgrading and expanding hydropower in Røldal-Suldal can resolve 10-15 per cent of future capacity Good cooperation and local value creation important Hydro and Lyse have applied for concession for five new hydropower stations in Røldal-Suldal Biggest single hydropower project in 40 years More than d
Slide 11: Hydro is pioneering the green aluminium transition powered by renewable energy
Hydro is pioneering the green aluminium transition powered by renewable energy Renewable power operations and energy 1 management is at the core for Hydro’s industrial activities across geographies Seizing attractive opportunities developing flexible 2 hydropower in Norway as well as new onshore win
Slide 12: Hydro
Hydro Industries that matter
Norsk Hydro — Pareto Securities' Power & Renewable Energy Conference 2024 on 6ix