HYDRO

Surge in Power Demand, Green Energy Transition Fuel Investor Opportunities, PGIM Research Finds

Retrieved on: 
Thursday, May 16, 2024
Oil, Gas, Coal, Alternative Energy, Energy, Green Technology, Technology, Finance, Nuclear, Professional Services, Environment, Mining, Minerals, Artificial Intelligence, Natural Resources, Other Energy, Utilities, Copper, Nuclear fusion, Intelligence, Geography, Metal, Risk, Wind, Prudential Financial, Carbon, PGIM, Natural gas, Research, Face, Mineral, Electricity, Multimedia, PRU, Renewable energy

“No source of energy and electricity is perfect,” said Shehriyar Antia, PGIM’s head of Thematic Research.

Key Points: 
  • “No source of energy and electricity is perfect,” said Shehriyar Antia, PGIM’s head of Thematic Research.
  • Companies that supply, facilitate and adapt throughout the transition will offer the best investment opportunities:
    Critical components for renewable power infrastructure – Renewable power generation is soaring in every region.
  • Leaning into lower-carbon fossil fuels – There is a need to meet rising demand for energy while renewable power infrastructure is being built.
  • In fact, some research suggests traditional energy firms may actually be leaders in select areas of innovative green tech.

Norsk Hydro: Resilient in weak markets, positioned for growth

Retrieved on: 
Wednesday, April 24, 2024
USD, Annual, Capital market, Investment, Weather, Safety, Risk, Statkraft, Natural gas, Rationalization, ESA, OEM, Professional, Lifting, Carbon, Hydrology, PAX, EV, Alpiq, Pressure, LNG, NOK, Macquarie Group, LME, CO2, Share repurchase, TRI, Recycling, Growth, Renewable energy

Hydro is well positioned to capitalize on strengthening demand for aluminium products,” says President and CEO, Hilde Merete Aasheim.

Key Points: 
  • Hydro is well positioned to capitalize on strengthening demand for aluminium products,” says President and CEO, Hilde Merete Aasheim.
  • Despite continued growth in EV and hybrid demand, projections were tempered due to subsidy cuts in Germany and heightened competition from China.
  • Hydro continues to safeguard recycling margins and secure scrap in the short term, while securing long-term growth through expanding scrap sourcing and utilization.
  • These initiatives reinforce Hydro's market presence within recycling, fostering growth and resilience in alignment with the 2030 recycling targets.

Norsk Hydro: Primary insiders purchase shares under Long-Term Incentive program and shares to employees

Retrieved on: 
Thursday, April 18, 2024
LTI, TSR, NOK, Norsk Hydro, Total shareholder return

Members of Hydro’s Corporate Management Board and primary insiders have received shares in Hydro via the Long-Term Incentive plan and the employee share purchase program.

Key Points: 
  • Members of Hydro’s Corporate Management Board and primary insiders have received shares in Hydro via the Long-Term Incentive plan and the employee share purchase program.
  • Primary insiders in Hydro have also agreed to purchase shares under a general arrangement offered to employees employed by Hydro in Norway each year.
  • All employees in Norway have been offered to purchase shares valued at NOK 14,967.20, with a 50 percent discount.
  • The following primary insiders have purchased shares under the LTI program and under the employee share plan:

Norsk Hydro: Reminder - Invitation to Hydro's first quarter results 2024

Retrieved on: 
Wednesday, April 17, 2024
Corporation, Webcast, Livestorm, Q&A

Hydro's first quarter results 2024 will be released at 07:00 CEST (01:00 EDT, 06:00 BST, 05:00 UTC/GMT) on Wednesday, April 24, 2024.

Key Points: 
  • Hydro's first quarter results 2024 will be released at 07:00 CEST (01:00 EDT, 06:00 BST, 05:00 UTC/GMT) on Wednesday, April 24, 2024.
  • The quarterly report and presentation will be available on hydro.com at the same time.
  • President and CEO Hilde Merete Aasheim and Executive Vice President, Corporate Development & acting CFO Trond Olaf Christophersen will host a webcast in English at 08:30 CEST the same day.
  • We advise that you investigate in advance if your company has any restrictions using this platform.

Ascend Elements Launches Logistics Simulation at America's First EV Battery Materials (pCAM) Manufacturing Facility

Retrieved on: 
Wednesday, April 24, 2024
Knowledge, Supply, Lithium carbonate, Metal, Safety, EY, NMC, Carbon, EV, Element, Apex, Multimedia, CAM, Recycling, Supply chain, Ernst & Young

WESTBOROUGH, Mass., April 24, 2024 /PRNewswire/ -- EV battery materials manufacturer Ascend Elements and the professional services firm Ernst & Young LLP (EY US) are collaborating on the road to net zero carbon emissions. Ascend Elements recently selected EY US to develop a complex logistics simulation model in preparation for the Q1 2025 startup of its one-million-square-foot Apex 1 EV battery materials (pCAM) manufacturing facility in Hopkinsville, Kentucky. The Apex 1 campus will employ over 400 people and produce sustainable engineered battery materials for up to 750,000 electric vehicles per year.

Key Points: 
  • Ascend Elements recently selected EY US to develop a complex logistics simulation model in preparation for the Q1 2025 startup of its one-million-square-foot Apex 1 EV battery materials (pCAM) manufacturing facility in Hopkinsville, Kentucky.
  • "As you can imagine, a project of this size and scope requires a lot of logistics planning," said Rodrigo Almeida, Sr. Director of Supply Chain at Ascend Elements.
  • Ascend Elements' Apex 1 facility in Hopkinsville, Kentucky, will be North America's first sustainable cathode precursor (pCAM) manufacturing facility.
  • From EV battery recycling to commercial-scale production of lithium carbonate and NMC precursor (pCAM) and cathode active materials (CAM), Ascend Elements is revolutionizing the production of sustainable lithium-ion battery materials.

Vanquishing the dragon--the many-headed drain clogs and their sources

Retrieved on: 
Friday, April 19, 2024
PASO, Quality, Plumbing

PASO ROBLES Calif., April 19, 2024 /PRNewswire-PRWeb/ -- A clogged sink or backed-up toilet might just be symptoms of an overloaded garbage disposal, or the family toddler gleefully watching a toy spin down the toilet drain. Or, clogs might be a signal there is something else lurking somewhere deep in the plumbing. How do we know what's down there and how do we get rid of it? Hydro jetting by San Luis Obispo County's Quality 1st Plumbing and Drains is the answer for getting rid of threats anywhere in the plumbing system.

Key Points: 
  • Or, clogs might be a signal there is something else lurking somewhere deep in the plumbing.
  • Even the most easily solved clogs can be a sign of deeper issues, especially if they persist.
  • Even the most easily solved clogs can be a sign of deeper issues, especially if they persist, or are accompanied by other signs.
  • Bathing products and hair are the usual culprits for bathroom drain clogs.

Norsk Hydro: Invitation to Hydro's first quarter results 2024

Retrieved on: 
Wednesday, March 27, 2024
Webcast, Livestorm, Q&A, Corporation

Hydro's first quarter results 2024 will be released at 07:00 CEST (01:00 EDT, 06:00 BST, 05:00 UTC/GMT) on Wednesday, April 24, 2024.

Key Points: 
  • Hydro's first quarter results 2024 will be released at 07:00 CEST (01:00 EDT, 06:00 BST, 05:00 UTC/GMT) on Wednesday, April 24, 2024.
  • The quarterly report and presentation will be available on hydro.com at the same time.
  • President and CEO Hilde Merete Aasheim and Executive Vice President, Corporate Development & acting CFO Trond Olaf Christophersen will host a webcast in English at 08:30 CEST the same day.
  • We advise that you investigate in advance if your company has any restrictions using this platform.

Norsk Hydro: Industry and Norwegian government agree on the CO2 compensation scheme

Retrieved on: 
Friday, March 15, 2024
Energi, Employment, ESA, NHO, ETS, Carbon, NOK, Investment, CO2, LO, Renewable energy

The Norwegian government, industry associations and trade unions have reached an agreement on the future of the Norwegian CO2 compensation scheme, valid from 2024 until 2030.

Key Points: 
  • The Norwegian government, industry associations and trade unions have reached an agreement on the future of the Norwegian CO2 compensation scheme, valid from 2024 until 2030.
  • “The CO2 compensation scheme is essential for maintaining competitive frame conditions for industries in Norway.
  • The agreement between the Norwegian government, Norsk Industri, Industri Energi & Forbundet for ledelse og teknikk, Fellesforbundet, LO, and NHO is valid from 2024 until 2030.
  • The revised CO2 compensation scheme includes a commitment for the industries to implement emission reduction and energy efficiency measures corresponding to 40 percent of the CO2 compensation paid.

Norsk Hydro: Eivind Kallevik appointed CEO of Hydro

Retrieved on: 
Thursday, March 14, 2024
Norsk Hydro, Bauxite, Eivind, CFO, Renewable energy

Eivind Kallevik has been appointed President and CEO of Norwegian aluminium and renewable energy company Norsk Hydro ASA.

Key Points: 
  • Eivind Kallevik has been appointed President and CEO of Norwegian aluminium and renewable energy company Norsk Hydro ASA.
  • "I am pleased to announce that Eivind Kallevik has accepted the job as President and CEO of Hydro.
  • I am confident Eivind has what it takes to lead Hydro towards 2030 and beyond," says Dag Mejdell, chairperson of Hydro's Board of Directors.
  • Prior to this, Kallevik held several senior management positions in Hydro, including the Bauxite & Alumina business area and the downstream aluminium business.

NPCC Appoints New Board Members Dedicated to Bulk Power System’s Reliability and Security in Northeast US and Canada

Retrieved on: 
Wednesday, April 3, 2024
Energy, Other Energy, Utilities, Oil, Gas, Theta, Risk management, NPCC, Education, Strategic planning, Delta Sigma, Bowling Green State University, Business administration, Franklin University, National Grid, Architecture, NERC, Master of Business Administration, Greater Boston, Multimedia, Engineering, Corporation, Management

The Northeast Power Coordinating Council, Inc. (NPCC) has appointed two new members to its board of directors.

Key Points: 
  • The Northeast Power Coordinating Council, Inc. (NPCC) has appointed two new members to its board of directors.
  • He also has over 22 years’ experience managing technical teams in the fields of engineering and grid operations (distribution, transmission, and generation).
  • He currently sits on the board of the Association de l’Industrie Électrique du Québec (AIEQ).
  • Amanda Downey is a member of National Grid’s New England Leadership Team and serves as Vice President of Strategy Development and Partnerships.