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How Norsk Hydro Rebuilt Itself as a Battery Metals Power
In 2007, Norsk Hydro was a Norwegian aluminium giant with a legacy dating back to 1905 and a portfolio that included oil and gas. It was hardly a natural candidate for a green pivot. But when CEO Svein Richard Brandtzæg took over, he made a bet: divest the oil and gas, keep the aluminium, and build a position in the newly emerging lithium-ion battery supply chain. By 2021, Hydro had spun off its aluminium operations into Hydro Extrusions and created Hydrovolt, a battery recycling joint venture with Northvolt. This episode unpacks how an industrial dinosaur became a linchpin for Europe's…
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