Alcoa and Statkraft have signed two new power agreements that will secure electricity supply for Alcoa’s aluminium smelter in Lista, Norway, reinforcing the plant’s long-term operational stability and supporting future industrial development.

The agreements provide approximately 4.8 TWh of electricity between 2028 and 2031, offering a predictable energy framework for one of Norway’s key aluminium production facilities. The move comes shortly after Alcoa successfully completed the restart of Production Line 2 at the Lista plant, restoring 31,000 tonnes of annual production capacity and bringing the facility to its full nameplate capacity of 95,000 tonnes per year.

The restart marked a significant milestone for Alcoa’s Norwegian operations, strengthening the company’s industrial footprint in the region. Reliable and competitively priced power remains a critical factor for maintaining production and ensuring continued investment in energy-intensive industries such as aluminium manufacturing.

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

The agreements also underline the importance of predictable regulatory conditions and long-term energy availability for Norwegian industry. According to Statkraft, the partnership contributes to continued industrial activity and value creation in Southwest Norway while supporting the competitiveness of domestic manufacturing.