Statkraft to supply clean energy for green steel production

“As Sweden’s fourth largest generator of electricity, we are proud to contribute with a long-term power contract to a new industrial project in Northern Sweden", says Hallvard Granheim, Executive Vice President, Markets and IT, Statkraft.

Official Press Release Statkraft:

H2 Green Steel partners with Statkraft for 14 TWh of renewable electricity

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In a 7-year contract for 2 TWh per year, Norwegian Statkraft will supply renewable electricity to H2 Green Steel’s operations in Boden, Sweden (price area SE1).

In this new power purchase agreement with Statkraft, H2 Green Steel secures a long-term yearly supply of renewable electricity produced in the period 2026-2032. The delivery includes Guarantees of Origin for renewable energy, sourced from Statkraft’s hydropower plants in Northern Sweden. In the first phase H2 Green Steel will produce 2.5 million tonnes of green steel annually. In order to deliver green steel to European customers, a large amount of renewable electricity is needed. One key building block is now in place as H2 Green Steel teams up with Statkraft, Europe’s largest renewable energy... ... More: Official Press Release Statkraft