Finland-based steel producer Outokumpu has announced the signing of an agreement with Swedish energy company Vattenfall for electricity supply amounting to around fifteen terawatt-hours (TWh) during a ten-year period.
In addition to the extensive deliveries of electricity, Vattenfall and Outokumpu have also agreed on electricity portfolio management services to be provided by Vattenfall, as well as cooperation on more efficient use of energy.
This deal with Vattenfall will allow Outokumpu to cover an important share of its electricity needs, as the company is currently expanding its stainless steel operations in Finland and Sweden.