Statkraft, Alcoa sign Norway power deal
Analysis based on 9 articles · First reported Jun 18, 2026 · Last updated Jun 18, 2026
The long-term power agreements between Statkraft and Alcoa are expected to have a positive impact on the aluminum market by ensuring stable production from Alcoa's Lista plant. This stability in supply, coupled with predictable energy costs, could lead to more consistent pricing and reduced volatility in the European aluminum sector. For Statkraft, the deal reinforces its position as a reliable energy provider for industrial clients, potentially boosting investor confidence in its long-term revenue streams.
Statkraft and Alcoa have signed two new long-term power agreements to secure electricity supply for Alcoa's aluminum plant at Lista, Norway. These agreements, covering approximately 4.8 TWh of electricity from 2028-2031, provide a stable and predictable energy foundation for the smelter. This is crucial for maintaining production and supporting further development at the site, especially following the successful restart of Production Line 2, which increased the plant's capacity to 95,000 metric tonnes per annum. The deal highlights the importance of predictable regulatory frameworks and long-term access to power for Norway's power-intensive industries.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard