Hydro signs billion-euro deal to supply NKT with low-carbon aluminium for EU grid
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2025
0mins
Source: Reuters
Hydro's Long-Term Deal: Hydro has signed a long-term agreement to supply low-carbon aluminium wire rod to Denmark's NKT for power cable production, supporting Europe's grid infrastructure upgrades as part of the EU's energy transition plan.
Investment in Aluminium Capacity: Hydro is investing 1.65 billion crowns in expanding its aluminium production facility in Norway, ensuring a stable supply of low-carbon aluminium from 2026 to 2033, with an estimated contract value of around 1 billion euros.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
