Statkraft and Alcoa have signed two new power agreements securing electricity supply to support continued operation of Alcoa’s aluminium plant at Lista, Norway. The agreements provide a solid and predictable 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 metric tonnes per annum to reach its nameplate capacity of 95,000 metric tonnes for the plant. This marked an important milestone for Alcoa in Norway, with restored capacity and a strengthened industrial presence. Building on this, access to reliable and competitively priced power is essential for continued operations.

The power agreements cover deliveries of approximately 4.8 TWh of electricity during the period 2028–2031.

“Restarting operations at Lista was an important milestone for us, and access to stable power is absolutely essential for taking the next step,” says Tor Arne Berg, Operations Manager at Alcoa Lista.

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. 

“We are pleased to contribute with predictable and competitive power prices for Alcoa at Lista and to continue our strong cooperation. 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),” says Hallvard Granheim, Executive Vice President Markets at Statkraft.

“Alcoa is the latest of several large industrial companies to enter into new long-term power agreements with Statkraft this year. The demand confirms that the power market is functioning well and that we deliver competitive terms and power supply in line with industry needs,” he adds.

The agreements form part of Alcoa’s long-term work to secure stable power prices on commercial terms for its operations in Norway.

KeyFacts Energy Industry Directory: Statkraft