Producer

Statkraft SF

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Statkraft SF (Oslo; 100% owned by Norwegian government; ~NOK 80B revenue) is Europe's largest renewable electricity generator with ~22,000 MW of hydropower, wind, and solar capacity across Norway, Sweden, Germany, UK, and internationally. In Norway, Statkraft is the primary electricity supplier to Norsk Hydro's aluminum smelters (Sunndalsøra, Årdal, Husnes, Høyanger, Karmøy), which are among the largest industrial electricity consumers in Norway. Norway's cheap and abundant hydropower (~98% of Norwegian electricity) has made it the world's 7th-largest aluminum producer despite having no bauxite. Statkraft's industrial PPAs with Hydro are strategically important: Norsk Hydro's aluminum business would be uneconomic without access to Norwegian hydropower rates (~EUR 20-30/MWh for long-term industrial contracts vs. EUR 80-150+/MWh spot during the 2021-22 energy crisis). Statkraft also exports electricity via undersea cables to the Netherlands, UK, and Denmark (North Sea Link, NorNed).

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Goods downstream

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Stories

What they make

1 input Statkraft SF supplies

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What else they do

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  • Hydropower Generation (Norway, Sweden)

    65%
  • Wind & Solar (International)

    20%
  • Power Trading & Market Operations

    12%
  • Green Hydrogen & New Energy

    3%

Intelligence

What's known

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  • Origin2023

    Statkraft's origins trace to 1895 when the Norwegian state first developed waterfall rights for electricity generation. The defining moment in Norwegian industrial history came when Norsk Hydro was founded in 1905 to use Statkraft's hydroelectric power to fix atmospheric nitrogen into fertilizer (the Birkeland-Eyde electric arc process) — the first commercial nitrogen fixation before the Haber-Bosch process. The same Norwegian fjord power system that now powers green aluminum was originally built to produce artificial fertilizer for Europe's growing population. Norway's industrial identity as an energy-intensive electrochemical economy was established by pairing abundant hydropower with electricity-hungry chemical and metallurgical processes.

    Statkraft SF
  • Did you know2024

    Statkraft is tracked as a renewable electricity utility (clean energy supply chain), but the same Norwegian hydropower that generates Statkraft's revenue also enables Norsk Hydro's aluminum smelting — 90%+ of Norwegian aluminum is produced with hydro power, qualifying it as "green aluminum" for automotive and packaging buyers seeking low-carbon materials. Norwegian aluminum goes into EV automotive bodies, aerospace fuselages, and battery current collector foil. Statkraft's power pricing decisions, drought years reducing hydro output, or Norwegian energy policy changes simultaneously affect: European grid balancing, Norwegian aluminum production costs, and EV manufacturing supply chains — three sectors that most analysts track in separate silos despite sharing common upstream electricity supply.

    Statkraft SF