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Hydro to raise funds for hydrogen efforts

Norwegian aluminum producer Hydro intends to accelerate green investments in solar, wind, hydrogen and batteries, the company states as it presents its Q1 fiscal report.

Photo: Norsk Hydro

While presenting its interim report on the first quarter of 2021, Norwegian firm Hydro has elaborated upon sustainable investments which will make the company greener in the future, reports E24.

The company recently announced that it is considering a large investment in green hydrogen, which would replace the natural gas used at several of its facilities in Norway. Now, while presenting its Q1 report, Hydro says that it considers going to market to raise funds for hydrogen investments, though no specific figure has been laid out.

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