Kyoto Group AS: Change to the Board of Directors
Oslo, Norway 17 March 2023 - Kyoto Group has been informed by Norsk Hydro that thermal energy storage is outside of its current strategic growth areas, and its holding in Kyoto will therefore be considered a financial investment rather than a strategic one. Consequently, Board member Ivar Valstad will today withdraw from the Board of Directors of Kyoto Group.The changed status of Hydro’s investment in Kyoto Group does not affect the ongoing commercial cooperation with Hydro Rein that was announced last year. “I would like to thank Ivar for his contributions to Kyoto and look forward to