Vattenfall signs major supply and energy management agreement with AkzoNobel
Vattenfall will on an annual basis supply 1.5 TWh of electricity to AkzoNobel in the Netherlands according to a new agreement. Vattenfall will also support in managing fluctuations in energy use, resulting in improved cost control and an increased share in renewable energy use for AkzoNobel.AkzoNobel will use its own flexibility – both in chemical plants and electricity generation – to manage fluctuations in energy use and generation to prevent imbalance and optimize costs. The company will also offer demand side response to an increasing share of intermittent renewable generation.