Alcoa has taken another important step in strengthening its operations in Norway following the successful restart of Production Line 2 at its Lista aluminium plant. The restart restored 31,000 metric tonnes of annual production capacity, enabling the facility to return to its full nameplate capacity of 95,000 metric tonnes per year.

The achievement represents a significant milestone for the company, reinforcing its industrial presence in the region and supporting long-term production growth.As the company moves forward with expanded operations, securing a reliable and competitively priced electricity supply has become a key priority.

To support this objective, Alcoa has entered into new long-term power agreements that will provide approximately 4.8 terawatt-hours (TWh) of electricity between 2028 and 2031.The agreements are expected to play a critical role in ensuring stable operations at the Lista plant, where energy availability and pricing are major factors in maintaining competitiveness.

Aluminium production is one of the most electricity-intensive industrial processes, making long-term access to affordable power essential for both operational efficiency and future investment decisions.According to Tor Arne Berg, Operations Manager at Alcoa Lista, the successful restart of the production line marked an important achievement for the company, but securing dependable power supply is equally important for sustaining operations and supporting the next phase of growth.

He noted that access to stable electricity is fundamental to maintaining production and strengthening the plant’s long-term future.The agreement also highlights the broader importance of predictable energy policies and reliable power access for Norway’s industrial sector. Industries such as aluminium manufacturing depend heavily on stable electricity markets and long-term pricing certainty to remain competitive in global markets.

Statkraft, which is supplying the electricity under the agreement, emphasised its commitment to supporting industrial activity and economic development in the region. Hallvard Granheim, Executive Vice President Markets at Statkraft, said the company is pleased to continue its long-standing relationship with Alcoa and provide power at predictable and competitive prices.

He noted that supporting industrial production and value creation remains an important part of Statkraft’s role, both through power supply agreements and through broader energy development initiatives in Southwest Norway.Granheim also pointed out that Alcoa is one of several major industrial companies that have signed new long-term power contracts with Statkraft during the year.

According to him, the growing number of agreements demonstrates strong confidence in the Norwegian power market and reflects the industry’s need for reliable energy solutions that can support long-term business planning.For Alcoa, the new agreements form part of a broader strategy aimed at securing stable and commercially viable electricity prices for its Norwegian operations.

By locking in long-term power supply arrangements, the company aims to reduce exposure to market volatility while ensuring that its facilities remain competitive in an increasingly challenging global industrial environment. The combination of restored production capacity at Lista and secured long-term electricity supply provides a strong foundation for the plant’s future operations.

It also reinforces the importance of collaboration between industrial manufacturers and energy providers in supporting sustainable economic growth, maintaining industrial competitiveness, and preserving high-value manufacturing jobs in Norway.

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