Norsk Hydro ASA

Common Name
Norsk Hydro
Country
Norway
Sector
Basic Materials
Industry
Aluminum
Employees
32,014
Ticker
NHY
Exchange
OSLO BORS
Description
Norsk Hydro ASA is a prominent industrial company focused primarily on the production of aluminum and renewable energy solutions. Headquartered in Oslo, Norway, Norsk Hydro plays a critical role in th...

Norsk Hydro Energy Data Preview

In 2023, Norsk Hydro disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.

Norsk Hydro disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

Finally, Norsk Hydro also reported the types of energy sources as well as generation technologies, helping stakeholders evaluate Norsk Hydro's reliance on fossil fuels versus cleaner alternatives.

Metric (GJ)2024202320222021 - 2017
Total Energy Consumed
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Renewable Energy Consumed
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Non-renewable Energy Consumed
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Electricity Consumed
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This table provides a simplified preview of selected energy data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Norsk Hydro's Energy Renewability

In 2023, Norsk Hydro consumed a total of 164.6 million Gigajoules of energy across its operations. Of this total, 41.4% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 58.6% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.

Norsk Hydro's Energy Renewability Rate

41%

How much of Norsk Hydro's energy consumed is renewable?

In 2023, Norsk Hydro consumed a total of 164.6 million Gigajoules of energy, of which 41.4% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.

This moderate level of renewable energy adoption indicates that Norsk Hydro is transitioning toward cleaner energy sources, though a significant share of its energy mix still relies on non-renewable inputs.

Are Norsk Hydro's energy practices becoming more sustainable?

Since 2019, Norsk Hydro's total energy consumption increased by 1.04%, but declined by 4.52% in 2023, suggesting a recent moderation in energy use.

Over the same period, the share of renewable energy in Norsk Hydro's consumption increased by 1.72%, showing a recent positive trend in clean energy adoption.

Norsk Hydro's Renewable vs Non-renewable Energy Over Time

198 M98 M2 M198 MGigajoules (GJ)2019202020212022202341%41%59%59%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed

Insights into Norsk Hydro's Energy Consumption & Production Mix

In 2023, Norsk Hydro disclosed detailed information on the sources and generation technologies of the energy it consumed. This disclosure enables a clearer assessment of the Norsk Hydro's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.

Norsk Hydro's Energy Consumed by Sources and Technologies

Agricultural Waste,Biofuels, GeothermalEnergy, Hydropower,Solar Energy,Electricity(Unspecified Source),Wave and TidalEnergy and WindEnergy(56.5%)Other Oil Products(16.6%)Coke(8.4%)

What are the main sources and generation technologies behind Norsk Hydro's energy consumption?

In 2023, Norsk Hydro's total energy consumption was primarily sourced from

  • Agricultural Waste, Biofuels, Geothermal Energy, Hydropower, Solar Energy, Electricity (Unspecified Source), Wave and Tidal Energy and Wind Energy (56.53%)
  • Other Oil Products (16.64%)
  • Coke (8.38%)

How diverse is Norsk Hydro’s energy consumption mix?

In 2023, Norsk Hydro consumed energy from 15 different sources or generation technologies, indicating a moderately diverse energy mix, with some concentration in a primary source.

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