Sustainability Focus Norsk Hydro is strongly committed to sustainability, investing heavily in renewable energy projects such as the Illvatn pumped hydro plant and expanding recycling capabilities. This indicates a high demand for advanced eco-friendly technologies, renewable energy solutions, and sustainable material processing equipment.
Modernization Investments The company is actively modernizing its facilities with multi-million dollar investments, including advanced extrusion presses and recycling plants. Business opportunities exist in providing cutting-edge manufacturing equipment, automation systems, and software solutions that enhance efficiency and environmental compliance.
Digital Security Needs Having experienced significant cyber attacks in 2019, Norsk Hydro prioritizes cybersecurity and disaster recovery, opening avenues for cybersecurity services, data protection solutions, and crisis management technologies tailored for manufacturing sectors.
Strategic Partnerships Norsk Hydro collaborates with global industry leaders like Novelis Inc., demonstrating openness to forming new alliances. This creates opportunities for technology providers, joint ventures, and supply chain solutions that support innovation and expand market reach.
Market Expansion With a presence across multiple countries and a focus on developing industries such as aluminum, energy, and batteries, there is potential to offer customized solutions for international expansion, including supply chain optimization, localization services, and regional regulatory compliance tools.