Alcoa has signed two power agreements with Statkraft, securing electricity supply to support the continued operation of its plant in Lista, Norway.
The agreements aim to provide a solid energy foundation for the smelter and help maintain both production and further development at the site.
Production Line 2 at Lista recently completed a successful restart of 31,000 tonnes per annum, bringing the rest of the facility to full operation and reaching its total nameplate capacity of 95,000 tonnes.
The power agreements cover deliveries of approximately 4.8 TWh of electricity during the period 2028–2031.
Tor Arne Berg, Operations Manager at Alcoa Lista, said: “Restarting operations at Lista was an important milestone for us, and access to stable power is absolutely essential for taking the next step.”
The agreement also highlights the importance of predictable regulatory frameworks and long-term access to power for Norwegian industry - particularly for power-intensive sectors such as aluminium production.
Hallvard Granheim, Executive Vice President Markets at Statkraft, said: “We are pleased to contribute with predictable and competitive power prices for Alcoa at Lista and to continue our strong co-operation.
“For Statkraft, it is important to support continued activity and value creation in the region, both through this agreement and through other supply contracts and development plans in Southwest Norway (NO2).”
The agreements form part of Alcoa’s long-term work to secure stable power prices on commercial terms for its operations in Norway.
