AkzoNobel NV and NV Nuon Energy have signed an innovative energy supply agreement, where Nuon is to supply flexible energy to three of AkzoNobel’s chemical production sites in the Netherlands as part of an agreement to purchase a total net volume of 1.5 TWh.
The deal will allow AkzoNobel to take advantage of flexibility in its chemical production and its own electricity generation to balance fluctuations in energy supply to enhance costs.
The set-up of the agreement is expandable to Germany, Denmark and Sweden for a portfolio-based approach to AkzoNobel’s energy procurement.
The innovative supply solution – which involves sites in Delfzijl, Hengelo and Rotterdam – provides access to trading markets and represents a next step towards AkzoNobel meeting its strategic and sustainability targets. It will also enable the purchase of renewable power from other parties, and facilitate other future power purchase agreements. Nuon will offer AkzoNobel access to the flexibility markets through its trade floor and dispatch centre.
AkzoNobel NV and NV Nuon Energy have signed an innovative energy supply agreement, where Nuon is to supply flexible energy to three of AkzoNobel’s chemical production sites in the Netherlands as part of an agreement to purchase a total net volume of 1.5 TWh.
The deal will allow AkzoNobel to take advantage of flexibility in its chemical production and its own electricity generation to balance fluctuations in energy supply to enhance costs.
The set-up of the agreement is expandable to Germany, Denmark and Sweden for a portfolio-based approach to AkzoNobel’s energy procurement.
The innovative supply solution – which involves sites in Delfzijl, Hengelo and Rotterdam – provides access to trading markets and represents a next step towards AkzoNobel meeting its strategic and sustainability targets. It will also enable the purchase of renewable power from other parties, and facilitate other future power purchase agreements. Nuon will offer AkzoNobel access to the flexibility markets through its trade floor and dispatch centre.
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