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Elkem ASA ( (ELKEF) ) has provided an announcement.
Elkem ASA has entered a long-term power purchase agreement with NTE to secure renewable energy for its operations in Norway from 2028 to 2037. This agreement supports Elkem’s commitment to reducing its carbon footprint and achieving net-zero emissions by 2050, while ensuring stable operations at its Salten plant, a major silicon production facility. The collaboration highlights the strategic importance of renewable energy in maintaining competitive and sustainable industrial operations in Norway, benefiting both regional industry and local communities.
The most recent analyst rating on (ELKEF) stock is a Hold with a NOK21.00 price target. To see the full list of analyst forecasts on Elkem ASA stock, see the ELKEF Stock Forecast page.
More about Elkem ASA
Elkem is a global leader in advanced silicon-based materials, focusing on developing silicones, silicon products, and carbon solutions. The company leverages natural raw materials and renewable energy to support innovations in electric mobility, digital communications, and sustainable urban development. With a history dating back to 1904, Elkem operates globally with over 7,200 employees and is listed on the Oslo Stock Exchange.
Average Trading Volume: 1,049,054
Current Market Cap: NOK15.04B
Learn more about ELKEF stock on TipRanks’ Stock Analysis page.