We produced of 310.421 tonnes of aluminum and aluminum alloys in 2023. Electricity usage was about 25% of all electricity produced in Iceland. Total number of employees was 614. Norðurál in Grundartangi is among the largest aluminum plants in Europe, with an annual production of 317.000 tons and approximately 600 employees.
Swedish company specialised in battery production founded in 2000 that has approximately 185 employees. Nilar is claimed to be the first in the world with a technology that allows used batteries to be restored and regain the same storage capabilities as a new battery.
Electricity usage was about 25% of all electricity produced in Iceland. Total number of employees was 614. Norðurál in Grundartangi is among the largest aluminum plants in Europe, with an annual production of 317.000 tons and approximately 600 employees. 2014 Production increase prepared by increasing the power and production of alloy begins.
The battery value chain builds upon Nordic traditional strongholds such as automotive, maritime, chemicals, manufacturing and mining. Actors within the Nordic battery ecosystem are active on global markets with strong ambitions and devotion to sustainability.
No additional CO2 is released through our billet production in Iceland and the power requirements are significantly lower than if they were produced abroad. We produced of 310.421 tonnes of aluminum and aluminum alloys in 2023. Electricity usage was about 25% of all electricity produced in Iceland. Total number of employees was 614.
The Nordic Battery Collaboration is a key initiative. The decision to carry out this report was taken by Business Sweden, Business Finland, Innovation Norway and the Swedish Energy Agency together. All parties are financing the report. The report is conducted by Business Sweden.