{"id":472357,"date":"2021-04-07T02:03:13","date_gmt":"2021-04-07T06:03:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=472357"},"modified":"2021-04-07T02:03:13","modified_gmt":"2021-04-07T06:03:13","slug":"norsk-hydro-hydro-to-explore-hydrogen-opportunities","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/norsk-hydro-hydro-to-explore-hydrogen-opportunities\/","title":{"rendered":"Norsk Hydro: Hydro to explore hydrogen opportunities"},"content":{"rendered":"<div class=\"mw_release\">\n<p>\n        <strong>Hydro is exploring the potential for developing and operating hydrogen facilities to meet large internal demand as well as serving an external market, leveraging the company\u2019s industrial and renewable power expertise. <\/strong><\/p>\n<p> \u201cWe see a substantial potential for industrial hydrogen consumption. Taking a developer and operator role in the hydrogen sector represents an opportunity for Hydro to reduce industrial CO2 emissions and develop a profitable and sustainable business based on hydrogen,\u201d says Hilde Merete Aasheim, President and CEO in Hydro.<\/p>\n<p>Hydro has set out a clear strategic direction toward 2025 and aims to strengthen its position in low-carbon aluminium, while exploring new growth opportunities in recycling and new energy. <\/p>\n<p>\u201cHydro has unique capabilities that set us apart from other industrial players due to our own renewable power positions and competence, and large internal demand for gas that can be replaced by green hydrogen solutions. We can therefore build and develop a\u00a0complete\u00a0value chain for green hydrogen in Norway,\u201d Aasheim says. <\/p>\n<p> A developer and operator role for Hydro is in line with the company\u2019s internal pipeline of possible hydrogen projects and would likely entail a full or partial switch\u00a0from gas\u00a0to hydrogen\u00a0in plants in several locations. A probable start to this process would be to switch from gas to hydrogen at some of Hydro\u2019s aluminum plants in Norway. <\/p>\n<p> \u201cWe have large internal demand for gas used for heating in our casthouses and anode production, and a hydrogen production facility could be placed near the consumption. For Hydro it would contribute to our target of reducing our own CO2 emissions by 30% by 2030,\u201d Aasheim says. <\/p>\n<p>Hydrogen technologies and their applications have been on Hydro\u2019s agenda multiple times for several decades. Several elements have changed over the last years, lifting the profitability in switching from gas to hydrogen at Hydro\u2019s plants. EU and Norway\u2019s ambitions to decarbonize the economy by 2050 require hydrogen as an important energy carrier, and support schemes are being put in place. Additionally, technology cost is coming down and Norway is well-suited for hydrogen development and use due to its attractive, renewable power. \u00a0<\/p>\n<p>Hydro will revert with more information about the options under evaluation and the way forward at the company\u2019s first-quarter strategic update and results presentation on April 27.<\/p>\n<p>Investor contact:\u00a0\u00a0<br \/>Line Haugetraa\u00a0\u00a0<br \/>+47 41406376\u00a0\u00a0<br \/>Line.Haugetraa@hydro.com\u00a0\u00a0<\/p>\n<p>Media contact:\u00a0\u00a0<br \/>Halvor Molland\u00a0\u00a0<br \/>+47 92979797\u00a0\u00a0<br \/>Halvor.Molland@hydro.com\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDQ3Njg1OCM0MDA5MDcyMjYjMjAwMjAyMQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml-eu.globenewswire.com\/release\/track\/249cc581-c3bb-4df6-899b-d96741c7a12b\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hydro is exploring the potential for developing and operating hydrogen facilities to meet large internal demand as well as serving an external market, leveraging the company\u2019s industrial and renewable power expertise. \u201cWe see a substantial potential for industrial hydrogen consumption. Taking a developer and operator role in the hydrogen sector represents an opportunity for Hydro to reduce industrial CO2 emissions and develop a profitable and sustainable business based on hydrogen,\u201d says Hilde Merete Aasheim, President and CEO in Hydro. Hydro has set out a clear strategic direction toward 2025 and aims to strengthen its position in low-carbon aluminium, while exploring new growth opportunities in recycling and new energy. \u201cHydro has unique capabilities that set us apart from other industrial players &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/norsk-hydro-hydro-to-explore-hydrogen-opportunities\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Norsk Hydro: Hydro to explore hydrogen opportunities&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-472357","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Norsk Hydro: Hydro to explore hydrogen opportunities - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/norsk-hydro-hydro-to-explore-hydrogen-opportunities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Norsk Hydro: Hydro to explore hydrogen opportunities - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Hydro is exploring the potential for developing and operating hydrogen facilities to meet large internal demand as well as serving an external market, leveraging the company\u2019s industrial and renewable power expertise. \u201cWe see a substantial potential for industrial hydrogen consumption. Taking a developer and operator role in the hydrogen sector represents an opportunity for Hydro to reduce industrial CO2 emissions and develop a profitable and sustainable business based on hydrogen,\u201d says Hilde Merete Aasheim, President and CEO in Hydro. Hydro has set out a clear strategic direction toward 2025 and aims to strengthen its position in low-carbon aluminium, while exploring new growth opportunities in recycling and new energy. \u201cHydro has unique capabilities that set us apart from other industrial players &hellip; Continue reading &quot;Norsk Hydro: Hydro to explore hydrogen opportunities&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/norsk-hydro-hydro-to-explore-hydrogen-opportunities\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-07T06:03:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDQ3Njg1OCM0MDA5MDcyMjYjMjAwMjAyMQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/norsk-hydro-hydro-to-explore-hydrogen-opportunities\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/norsk-hydro-hydro-to-explore-hydrogen-opportunities\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Norsk Hydro: Hydro to explore hydrogen opportunities\",\"datePublished\":\"2021-04-07T06:03:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/norsk-hydro-hydro-to-explore-hydrogen-opportunities\\\/\"},\"wordCount\":399,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/norsk-hydro-hydro-to-explore-hydrogen-opportunities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=MTAwMDQ3Njg1OCM0MDA5MDcyMjYjMjAwMjAyMQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/norsk-hydro-hydro-to-explore-hydrogen-opportunities\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/norsk-hydro-hydro-to-explore-hydrogen-opportunities\\\/\",\"name\":\"Norsk Hydro: Hydro to explore hydrogen opportunities - 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Hydro has set out a clear strategic direction toward 2025 and aims to strengthen its position in low-carbon aluminium, while exploring new growth opportunities in recycling and new energy. \u201cHydro has unique capabilities that set us apart from other industrial players &hellip; Continue reading \"Norsk Hydro: Hydro to explore hydrogen opportunities\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/norsk-hydro-hydro-to-explore-hydrogen-opportunities\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-07T06:03:13+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDQ3Njg1OCM0MDA5MDcyMjYjMjAwMjAyMQ==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/norsk-hydro-hydro-to-explore-hydrogen-opportunities\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/norsk-hydro-hydro-to-explore-hydrogen-opportunities\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Norsk Hydro: Hydro to explore hydrogen opportunities","datePublished":"2021-04-07T06:03:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/norsk-hydro-hydro-to-explore-hydrogen-opportunities\/"},"wordCount":399,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/norsk-hydro-hydro-to-explore-hydrogen-opportunities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDQ3Njg1OCM0MDA5MDcyMjYjMjAwMjAyMQ==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/norsk-hydro-hydro-to-explore-hydrogen-opportunities\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/norsk-hydro-hydro-to-explore-hydrogen-opportunities\/","name":"Norsk Hydro: Hydro to explore hydrogen opportunities - 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