Elkem Secures Renewable Energy Deal with Hafslund

Elkem ASA (ELKEF) has released an update.

Elkem ASA has secured a long-term power agreement with Hafslund from 2028 to 2035, ensuring a stable supply of renewable energy for its Thamshavn plant in Norway. This deal will support the plant’s operations and enable further investments in the production of silicon and microsilica, which are essential materials for various industries including electronics and construction. The agreement underscores Norway’s commitment to leveraging renewable energy for sustainable industrial growth.

For further insights into ELKEF stock, check out TipRanks’ Stock Analysis page.