Bullboard - Stock Discussion Forum HPQ Silicon Inc V.HPQ

Alternate Symbol(s): HPQFF

HPQ Silicon Inc. (HPQ) is a Canada-based technology company specializing in green engineering of silica and silicon-based materials. The Company is engaged in developing, with the support of technology partners PyroGenesis Canada Inc. (PyroGenesis) and Novacium SAS, new green processes to make the critical materials needed to reach net zero emissions. Its activities are centered around the... see more

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HPQ Silicon Inc > Norsk Hydro to phase out its green hydrogen, battery busines

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Post by dalesio_98 on Nov 27, 2024 1:49pm

Norsk Hydro to phase out its green hydrogen, battery busines

Norsk Hydro to phase out its green hydrogen, battery businesses

Elviira Luoma and Jesus Calero

Reuters

Published 4 hours ago

For Subscribers

Norsk Hydro is no longer investing in its battery and green hydrogen businesses and will phase out these operations in the coming years, the Norwegian aluminum producer said on Wednesday.

It became the latest European firm to pare back activities in clean energy sources such as green hydrogen in a difficult economic environment.

“Battery materials and green hydrogen will no longer be strategic growth areas for Hydro and no further capital will be allocated,” Hydro said in a statement ahead of its investor day.

[...]

https://www.theglobeandmail.com/business/industry-news/energy-and-resources/article-norsk-hydro-to-phase-out-its-green-hydrogen-battery-businesses/

Good luck to All!

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Comment by MRB403 on Nov 27, 2024 8:06pm

Less competition! I love it! Speaks to the volume around the actual technology and like Bernard said, the NA market is its focus to on-shore supply chains. No credits needed here to be cheaper. Plus, with Trumps new tariffs, this looks even better!

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