H2 Green Steel partners with Statkraft for 14 TWh of renewable electricity
(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 long-term power contract to a new industrial project in Northern Sweden. The agreement confirms Statkraft’s position as a key supplier of renewable energy to power-intensive industry in the Nordics,” says Hallvard Granheim, Executive Vice President, Markets and IT, Statkraft.
H2 Green Steel’s plant in Boden will be home to an ~800MW electrolyzer producing the green hydrogen needed to make green virgin iron for the steel production. The giga-scale electrolysis plant, one of the largest in the world, will be powered by renewable electricity.
“We also look forward to supporting the build-out of new renewable power in the region, and we are open to buying power from projects in all stages, sizes and forms, in baseload or pay-as-produced offtakes,” says Orre.
For further information
Karin Hallstan, Head of Public and Media Relations
Phone: +46 76 842 81 04
E-mail: press@h2greensteel.com
Lars Magnus Günther, Media spokesperson, Statkraft AS
Phone: +47 91 24 16 36
E-mail: lars.gunther@statkraft.com
About H2 Green Steel
H2 Green Steel (H2GS AB) was founded in 2020 with the ambition to accelerate the decarbonization of the steel industry, using green hydrogen. Steel, which is one of the world’s largest carbon dioxide emitters, is the company’s first business vertical. The founder and largest shareholder of H2 Green Steel is Vargas, which is also co-founder of Swedish battery maker Northvolt. H2 Green Steel is headquartered in Stockholm, Sweden, with its first green steel plant under development in Boden, northern Sweden. www.h2greensteel.com
About Statkraft
Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy.. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 4,800 employees in 19 countries. www.statkraft.com
Attachment
To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
GlobeNewswire by notifiedGlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Sampo plc’s share buybacks 28/06/202229.6.2022 07:30:00 CEST | Press release
SAMPO PLC STOCK EXCHANGE RELEASE 29/06/2022 at 08:30 am Sampo plc’s share buybacks 28/06/2022 On 28/06/2022 Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) has acquired its own A shares (ISIN code FI0009003305) as follows: Sampo plc’s share buybacksAggregated daily volume (in number of shares)Daily weighted average price of the purchased shares*Market (MIC Code)14,24842.24AQEU24,42242.25CEUX8,67542.27TQEX85,16742.21XHELTOTAL132,51242.22 *rounded to two decimals On 9 June 2022, Sampo announced a share buyback programme of up to a maximum of EUR 1 billion in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. The programme, which started on 10 June 2022, is based on the authorization granted by Sampo's Annual General Meeting on 18 May 2022. After the disclosed transactions, the company owns in total 1,841,919 Sampo A shares representing 0.35 per cent of the total number of shares in Sampo plc. Details of ea
IMCD recognised by Sustainalytics as 2022 ESG Industry Top Performer, ranking first among traders and distributors29.6.2022 07:00:00 CEST | Press release
ROTTERDAM, The Netherlands (29 June 2022) – IMCD N.V., (“IMCD” or “Company”), a leading distributor of speciality chemicals and ingredients, was recognised by Sustainalytics as an ESG Industry Top Rated Company. With a score of 13.8 (low risk) IMCD ranks first (lowest risk) among over 180 international peers in trading and distribution. It places the company in the top seven percent of almost 15,000 companies assessed worldwide. Sustainalytics, a Morningstar company, is a globally recognised provider of ESG research, ratings and data that supports investors around the world with the development and implementation of responsible investment strategies. Its ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks. In March 2022, IMCD was also included in the newly launched Dutch ESG AEX index, as one of 25 companies demonstrating best Environmental, Social and Governance (ESG) practices. “We are excited and proud
Roche launches new BenchMark ULTRA PLUS system for cancer diagnostics enabling timely, targeted patient care29.6.2022 07:00:00 CEST | Press release
The BenchMark ULTRA PLUS tissue staining system, with optimised workflow, testing efficiency and environmentally sustainable features, enables pathologists to provide high-quality, time-critical results to doctors and patients.With laboratory diagnostics involved in more than two-thirds of healthcare decision making, innovative laboratory solutions that enable an accurate and timely diagnosis are crucial to successful treatment.About 17 million new cases of cancer are diagnosed worldwide each year, and nearly 10 million people die from the disease.1 Basel, 29 June 2022 - Roche (SIX: RO, ROG; OTCQX: RHHBY) today announced the launch of the BenchMark ULTRA PLUS system, its newest advanced tissue staining platform. The system enables quick and accurate test results so clinicians can make timely decisions regarding a patient’s care journey. “With the BenchMark ULTRA PLUS, we are pleased to offer an advanced tissue staining platform, co-developed with lab professionals,” said Thomas Schinec
SIKA EXPANDS PRODUCTION OF CONCRETE ADMIXTURES IN THE USA29.6.2022 07:00:00 CEST | Press release
SIKA EXPANDS PRODUCTION OF CONCRETE ADMIXTURES IN THE USA Sika is bringing a new manufacturing plant for concrete admixtures on stream in Stafford, Virginia. With the opening of the plant near Washington D.C., Sika is increasing its production capacity in the important American construction market so that it can readily satisfy the strong demand in the Northeast and Mid-Atlantic regions. With over 75 million inhabitants, the urban centers in the Northeast, like New York, Philadelphia, or Boston, are very densely populated and account for more than 25% of US economic output. The new plant is well positioned to support the additional needs of the announced infrastructure program of CHF 200-250 billion in the aforementioned two regions. Sika has been benefiting from the strong demand in the construction sector over recent years. The new facility in Stafford is the second-biggest manufacturing plant for Sika concrete admixtures in the USA. Together with the existing plant in Fairless Hills
TGS ASA and Magseis Fairfield ASA Announce a Recommended Voluntary Exchange Offer by TGS to Acquire All Shares of Magseis29.6.2022 07:00:00 CEST | Press release
OSLO, Norway (29 June 2022) - TGS ASA (“TGS”, OSE: TGS) and Magseis Fairfield ASA (“Magseis”, OSE: MSEIS) announce today that they have entered into a transaction agreement (the "Transaction Agreement") whereby TGS on and subject to certain terms and conditions will put forward a voluntary exchange offer (the “Offer”) to acquire all shares of Magseis for a consideration to the Magseis shareholders in the form of 0.0426 ordinary shares of TGS and NOK 2.30 in cash per Magseis share (the “OfferConsideration”). Based on the closing price of TGS on 28 June 2022, the value of the Offer Consideration is equal to NOK 8.6048 per Magseis share, and the Offer values the total issued share capital of Magseis at approximately NOK 2,333 million. The board of directors of Magseis (the "Board") has unanimously resolved to recommend the Offer. Magseis shareholders, including the largest shareholder, Fairfield MS, LLC, and members of the Magseis Board and management, who collectively own 33.4% of the ou