Bergen Carbon Solutions AS has signed a long-term power supply agreement with Høyanger municipality, which will secure reliable and clean hydro-power energy for the Høyanger factory for up to 15 years. Reference is made to the option agreement with Høyanger municipality announced on 22 March 2022 for the establishment of Bergen Carbon Solutions factory in Høyanger. A key issue in the planning process for the factory has been to secure a long-term power supply agreement, based on 100% renewable energy.

The agreement with Høyanger municipality has a duration of up to 15 years and is based on commercial terms similar to other industrial contracts in the NO3 price area. The contract has a flexible ramp-up structure on volumes with price adjustments every five years. The contract also secures power for potential future expansions of production capacity in Høyanger.