The Netherlands: Energy Supply Nuon to Supply Flexible Energy to Akzo Nobel's Production Sites
Nuon and Akzo Nobel signed an innovative energy supply agreement for three chemical production sites in the Netherlands as part of an agreement to purchase a total net volume of 1.5 TWh.
Amsterdam/The Netherlands — With this deal, the Dutch company intends to take advantage of flexibility in its chemical production and its own electricity generation to balance fluctuations in energy supply to optimize costs.
The supply solution — which involves sites in Delfzijl, Hengelo and Rotterdam — provides access to trading markets and represents a next step in the company's sustainability strategy, which includes 100 % carbon neutrality by 2050.
The deal allows the chemicals company to balance swings in supply of electricity, particularly energy generated by wind and solar power. It will also enable the purchase of renewable power from other parties, and facilitate other future Power Purchase Agreements. Nuon will offer its client access to the flexibility markets through its trade floor and dispatch center.
According to Nuon, a smart, flexible energy system offers significant benefits to partners such as Akzo Nobel as it would help them use energy more flexibly and increase the efficiency of their entire energy system.
The set-up of the agreement is expandable to Germany, Denmark and Sweden for a portfolio-based approach to Akzo Nobel's energy procurement.