HAFSLUND KRAFT AS

Overview

Hafslund Kraft AS operates and modernizes a broad portfolio of hydropower assets, with concession activity focused on upgrades, renewals, and hybrid battery integration at existing plants such as Harpefossen and Nes. The company holds 15 active grid queue positions totalling over 803 MW of production and 240 MW of consumption capacity, concentrated in the NO5 (western/mountain) and NO1 (eastern) price zones. Recent queue activity suggests a strategic pivot at Aurland — withdrawing a 125 MW production reservation while adding an equivalent consumption slot — alongside new large production entries at Usta and Hol, indicating ongoing portfolio optimization and potential pumped-storage or flexibility plays.

Active Regions

Strategic Focus

Hafslund Kraft AS pursues a dual strategy of sweating existing hydropower assets through modernization and hybrid battery integration, while simultaneously securing large grid queue positions for future capacity expansion and flexibility services. The combination of significant production and consumption reservations at the same grid nodes (Aurland 3, Usta) points toward potential pumped-storage or demand-flexibility opportunities, consistent with a mature operator repositioning for the energy transition.

Recent Activity

In late June and early July 2026, Hafslund Kraft AS made several significant grid queue moves: it withdrew a 125 MW production reservation at Aurland 3 and replaced it with a 125 MW consumption reservation at the same node, suggesting a shift toward demand-side or pumped-storage use. Simultaneously, the company entered the queue at Usta KRA/TRA with both 115 MW production and 115 MW consumption, and added a 94 MW production position at Hol 1. A separate Usta production reservation was also adjusted downward from 71 MW to 59 MW, indicating active portfolio management.