Oslo, Norway – 1 July 2025 – Elkem and NTE have entered into a long-term powerpurchase agreement (PPA) for the period 2028 to end of 2037, with delivery inthe NO4 price area in Norway.
The PPA will be part of Elkem’s total long-term contract portfolio, hedgingElkem’s annual power consumption of 3.5 TWh in Norway. The contract volume is300 GWh/year. Renewable power is key to producing silicon and silicon-basedproducts with low CO2 emissions and is a central component of Elkem’s climateroadmap to reach net-zero emissions by 2050. The carbon footprint of Elkem’sNorway-produced silicon stands at about one third of the global average.
The new contract with NTE supports long-term operations at Elkem’s plant inSalten, located in Northern Norway. The plant, which has close to 200employees,is one of the world’s largest and most modern silicon plants. They areexportingsilicon and Microsilica® products worldwide for sectors such as renewableenergy, electronics, infrastructure and defence.
“With access to renewable hydropower and competitive, long-term poweragreements, Norwegian industry has the best premise for producingworld-leadingsilicon products with a low carbon footprint that are critical raw materialsforEuropean strategic value chains,” says Elkem’s CFO Morten Viga.
“We see this collaboration as a strong and forward-looking agreement thatsupports our ambition to contribute to a more sustainable and competitiveindustry in Norway. NTE aims to strengthen regional industry and localcommunities through the delivery of renewable energy in the form of tailoredagreements for companies with high energy consumption. These agreementsprovidecustomers with predictability in both volume and price and help reduce therisksassociated with frequent price fluctuations in energy markets,” says IngeForseth, CEO of NTE Energy at NTE.
For further information, please contact:
Marianne Stigset, VP Corporate Communications & Public Affairs, Elkem ASA
Email: marianne.stigset@elkem.com
Mobile: +47 411 88 482
Inge Forseth, Director, NTE Energi AS
Inge.forseth@nte.no
Mobile: +47 971 95 697
About Elkem
Elkem is one of the world’s leading providers of advanced silicon-basedmaterials shaping a better and more sustainable future. The company developssilicones, silicon products and carbon solutions by combining natural rawmaterials, renewable energy and human ingenuity. Elkem helps its customerscreate and improve essential innovations like electric mobility, digitalcommunications, health and personal care as well as smarter and moresustainablecities. With a strong track record since 1904, its global team of more than7,200 people has a joint commitment to stakeholders: Delivering yourpotential.
In 2024, Elkem achieved an operating income of NOK 33 billion. Elkem has beenawarded top score of A on Forests and Water Security, and B on Climate Changefrom CDP. Elkem is listed on the Oslo Stock Exchange (ticker: ELK), where thecompany is also included in the ESG Index. www.elkem.com
About NTENTE is a leading energy company focused on the production and distribution ofrenewable energy. The company has a significant presence in Trøndelag andNorthern Norway, where they produce approximately 4.8 TWh of renewable energyannually. NTE is also involved in the development and management of energyinfrastructure, as well as offering products and services that promote thetransition from fossil fuels to renewable energy use. https://nte.no
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