Elkem and Statkraft sign seven-year power agreement for Bjølvefossen plant in Norway
Oslo, 3 June 2026 Elkem ASA and Statkraft have signed a new long-term power purchase agreement (PPA) that secures competitive and predictable electricity supply for Elkem’s plant in Bjølvefossen, Norway. The agreement is for the 2031-2037 period, and the total contract volume is 1,534 GWh. The agreement supports continued industrial activity, local value creation and low-emission production at Bjølvefossen. The plant employs 150 people and is one of the world’s largest suppliers of foundry alloys, with an annual production capacity of 60.000 mt. Its products are sold primarily in the