Norsk Hydro Acquires Full Ownership of Hydrovolt Amid Financial Challenges

Post Views: 312 Norsk Hydro Norsk Hydro, a Norwegian aluminum and energy company, now fully owns Hydrovolt. They bought the remaining 28% of shares. This happened after co-founder Northvolt AB faced financial trouble.   Hydrovolt’s Role in Battery Recycling Hydrovolt operates a battery recycling plant in Norway. The plant recycles electric vehicle and industrial batteries. It recovers valuable materials from these batteries. Hydro aims to grow Hydrovolt. They want to be a leader in Europe’s battery recycling market.   Hydro will continue working with Northvolt. They see the va...