(Oslo/Stockholm June 8 2022) 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 producer for supply of electricity.
“In Statkraft we have a partner and a big player that takes true responsibility to support ambitious Nordic sustainable industry initiatives. In supplying green electricity, they show a real commitment to making Sweden’s industry renewable within the coming decade. This is an important step in building our portfolio of renewable electricity, and we will continue to partner with front-runners in the industry that share our values and that can offer renewable electricity at competitive prices,” says Luisa Orre, Chief Procurement Officer, H2 Green Steel.
“As Sweden’s fourth largest generator of electricity, we are proud to contribute with a…
