Statkraft and Hunton Fiber enter into new, eight-year power agreement

Group 1: Power Agreement - Statkraft and Hunton Fiber have signed a long-term power agreement for electricity deliveries to Hunton's wood fiber insulation factory in Gjøvik, Norway, covering a total of 153 GWh from January 1, 2026, until the end of 2033 [1] - The agreement provides stable and competitive electricity prices, which is crucial for Hunton Fiber's manufacturing operations and supports their growth amid increasing demand for Nativo Wood Fiber Insulation in the Nordics [1][2] Group 2: Company Overview - Hunton Fiber is a leading manufacturer of building materials based on wood and wood fiber in the Nordic region, utilizing a raw material that is a by-product of timber production and is 100% PEFC-certified [3] - The Hunton Group employs 180 people in the Nordics and anticipates a turnover of NOK 740 million in 2025 [3] - Statkraft is Europe's largest generator of renewable energy, specializing in hydropower, wind power, solar power, and gas-fired power, with around 7,000 employees in more than 20 countries [4]