Elkem and Statkraft have signed a long-term power purchase agreement that secures electricity supply for the Bjolvefossen plant in Norway. The deal is meant to keep the industrial facility operational by guaranteeing access to power from Statkraft's renewable generation assets. It reflects how energy-intensive industries are locking in long-term contracts to manage price risk and ensure continuity. For the carbon and clean energy community, this agreement is a concrete example of corporate renewable PPAs supporting industrial load. It shows how power purchase deals are being used not just for new data centers or green hydrogen projects but also to sustain existing industrial operations that depend on stable, low-carbon electricity. The arrangement helps both parties reduce exposure to volatile spot markets while keeping a major industrial site online.
