Strategic Partnership Between Statkraft and Hunton Fiber

Author: Logan Wright Updated: 12-02-2025 02:30 AM

New Power Agreement Between Statkraft and Hunton Fiber

Statkraft and Hunton Fiber have recently established a significant long-term power agreement, ensuring electricity deliveries to Hunton’s innovative wood fiber insulation factory in Norway. This deal will span a total of 153 GWh of energy from January 1, 2026, through the end of 2033.

Importance of the Agreement

Hailing from Hunton Fiber, CEO Arne Jebsen expressed that this agreement represents a critical component for the company. He highlighted that it guarantees stable and competitive energy prices over time, which is an asset for their operations. He noted a growing demand for Nativo Wood Fiber Insulation throughout the Nordic countries, even amidst a historically low building construction market. This partnership underpins their continued expansion.

Statkraft’s Commitment to Competitive Energy Supply

Statkraft’s Executive Vice President of Markets, Hallvard Granheim, shared his satisfaction in being able to contribute to a competitive power supply for Hunton Fiber. Granheim noted the rising demand for long-term electricity agreements from new and established industry clients, indicating a shift towards securing more stable energy resources.

About Hunton Fiber and Their Products

Hunton Fiber stands as one of the leading manufacturers in the Nordic region, focusing on building materials derived from wood and wood fiber. Their primary raw material comes as a by-product of timber production, ensuring their products are 100% PEFC-certified. With a robust workforce, the Hunton Group employs around 180 people throughout the Nordics. They anticipate reaching a turnover of NOK 740 million by 2025.

Company Contact Information

For any inquiries regarding this exciting development, individuals can reach out to:
Arne Jebsen, CEO, Hunton Fiber
+47 913 25 904 | arne.jebsen@hunton.no

Lars Magnus Günther, Press Spokesperson, Statkraft AS
+47 91 24 16 36 | lars.gunther@statkraft.com

About Statkraft

Statkraft is recognized as a leading force in hydropower globally, and it holds the status of Europe's foremost producer of renewable energy. Their operational portfolio includes hydropower, wind power, solar energy, and gas-fired power generation. With a robust global presence, Statkraft operates in energy market functions and has a workforce of approximately 7,000 employees across more than 20 countries.

Frequently Asked Questions

What is the main focus of the agreement between Statkraft and Hunton Fiber?

The agreement establishes a long-term electricity delivery plan for Hunton's wood fiber insulation factory, covering a total of 153 GWh.

How long will the power agreement last?

The agreement is set to last for eight years, from January 1, 2026, until the end of 2033.

What benefits does this agreement provide for Hunton Fiber?

It ensures stable and competitive electricity prices, enabling the company to meet the increasing demand for its insulation products.

What is Hunton Fiber known for?

Hunton Fiber specializes in producing building materials based on wood and wood fiber, emphasizing sustainability through PEFC certification.

How significant is Statkraft in the renewable energy sector?

Statkraft is Europe's largest generator of renewable energy and operates in hydropower, wind, solar, and gas power generation with a global workforce.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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