Umicore has signed a second 10 year power purchase agreement with Gasum to source renewable electricity for its site in Kokkola, Finland, where Umicore refines cobalt and produces precursor cathode active materials for electric vehicle batteries.
Furthermore, Gasum will supply Umicore with about 35 GWh of certified renewable electricity every year until 2035 from a non-subsidized Finland-based onshore wind farm, which was commissioned in December 2023.
Gasum is a major actor in the power markets and offers sophisticated power solutions to its customers. Besides power market services Gasum also offers biogas and natural gas for industry, maritime shipping, and road transport.
