About us

We are doers when it comes to recycling

Hydrovolt is a battery recycling and raw materials company established in 2020. By pioneering battery recycling of EVs and industrial batteries, we create a circular solution for end-of-life batteries by producing high quality and sustainable secondary raw materials.

Our story

Hydrovolt develops processes and technology that increase the proportion of materials recovered by recycling, mainly from EV and industrial batteries.

Our purpose is to accelerate the transition to a circular world by ensuring no battery is ever wasted. That’s why we pioneer a circular recycling process with enhanced safety and high quality made possible through innovative processes and partnerships.

We do this because we aim to deliver the most sustainable secondary raw materials back to manufacturing processes through urban mining and recycling, enabling a truly circular battery value chain.

The result is greener batteries made possible through secondary raw materials, recycled again and again and again, produced at the same high-quality as a new battery.

Together with our people, process and plants, we solve three challenges – reducing waste, reducing emissions and increasing access to critical raw materials locally in Europe.

Because at Hydrovolt, we create solutions. We turn waste into value. We develop new competence. We store energy. We enable clean electrification. We shape industry, and we establish green jobs.

Together as one, we solve the energy transition. By producing sustainable secondary raw materials for a circular world, we also shape a greener world.

We lead the way. We live to learn. And, we do it right.

Again and again, and again.

Hydrovolt represents a milestone in Norway’s journey towards widespread electric transportation. As our energy systems and manufacturing processes in Europe becomes increasingly dependent on batteries and its raw materials, we need to ensure a sustainable solution as batteries reach end-of-life. That’s why Hydrovolt exists.

Ole-Christen Enger

Chief Executive Officer, Hydrovolt

Milestones

We have walked the talk since our first industrial plant opened in 2022. We take great pride in our learning as it is crucial for the success and innovation of sustainable battery recycling.

2020 June
Start of the joint venture between the Norwegian industry giant Hydro and Swedish battery manufacturer Northvolt.
2021 June
Hydrovolt started training of 19 operators in manual discharge and dismantling of batteries in the building of a former steel plant production.
2022 May
Hydrovolt opens Europe’s largest fully autonomous crushing and sorting facility, producing secondary raw materials for offtake customers.
2024 February
Hydrovolt establishes a collaboration agreement with Fortum Battery Recycling on the delivery of black mass to drive the Nordic battery recycling industry forward.
2024 April
Hydrovolt documents a new industry standard for its low-carbon black mass through a life cycle assessment showing a 75% reduction in carbon footprint through recycling compared to conventional mining.
2024 June
Hydrovolt announces its first step in its European expansion plan through investment in recycling capacity in Hordain, France.
Values, mission & purpose

At Hydrovolt, we strive to create and maintain an inclusive and innovative working environment. To live up to our values, we have formulated action statements to help us remind us on how we want to work, help each other and make each other feel.

Lead the way. Live to learn.
Do right. Create as one.

Mission

To pioneer battery recycling through sustainable processes & innovative partnerships.​​

Purpose

Accelerate the transition to a circular world by ensuring no battery is ever wasted.​

Board, management & shareholders

Management team

Our management team consists of strategic and hands-on individuals committed to grow our organization, be true to our mission and push for our vision.

Ole-Christen Enger
Ole-Christen Enger
Chief Executive Officer
Enger brings important experience from operations, developing and executing industrial projects across the world through several former leadership roles at Norsk Hydro and Equinor. His industrial background and experience from the aluminum recycling business makes him well positioned to drive Hydrovolt’s mission.
Mari Hvammen Groh
Mari Hvammen Groh
Chief Financial Officer
Groh brings varied experience within financial management, reporting and efficient financial systems through leading positions in different sectors. Her strong analytical skills and drive makes sure she optimizes our financial performance and capitalizes on growth opportunities while securing long-term sustainability.
Glenn Østbye
Glenn Østbye
Plant Manager Fredrikstad
Østbye brings extensive engineering and plant manager experience from industrial facilities such as Borregaard, Nexans, Unger Fabrikker, and Kronos Titan. His insight to all aspects of running a complex, industrial plant combined with his ability to lead makes him well positioned to manage our first, industrial plant in Fredrikstad.
Alan Cook
Alan Cook
Director of Projects
Cook brings important experience within quality systems, program and contract management from complex and large industrial projects in Kongsberg Maritime, Elkem, and Quantafuel. His excellent project management skills make him well positioned to lead both production and expansion projects within Hydrovolt.
Helge Refsum
Helge Refsum
Chief Technology Officer
Refsum brings industrial experience from management and board positions in consulting, business development, production and technology in Norsk Hydro, McKinsey, REC Solar and Statnett. His strategic mindset and technical insight make him well positioned to lead innovation in our processes and technology in a rapidly changing market.
Amanda Gran
Amanda Gran
Head of Communication and Public Affairs
Gran brings varied experience within the field of strategic communication, positioning and sustainability through her former roles at EAT and First House/Sustainability As. Her insights to the energy sector and efficient execution abilities makes her well positioned to drive the positioning of Hydrovolt as a leading battery recycling company.

Board of directors

Our board consists of an independent chair and members with relevant industrial, technical and commercial experience from our shareholder’s structure.

Shareholders

Our shareholders bring extensive industrial experience and battery know-how to Hydrovolt, supporting our success as a leading battery recycler.

Hydrovolt

Hydro

Hydro is a leading aluminum and energy company that builds businesses and partnerships for a more sustainable future. Hydro develops industries that matter to people and society. Since 1905, Hydro has turned natural resources into valuable products for people and businesses, creating a safe and secure workplace for 32,000 employees in more than 140 locations and 40 countries. The company offers a unique wealth of knowledge and competence.

See hydro.com for more.

Hydrovolt

Northvolt

Northvolt is a European supplier of sustainable, high-quality battery cells and systems. Founded in 2016 to enable the European transition to a decarbonized future, the company has made swift progress on its mission to deliver the world’s greenest lithium-ion battery with a minimal CO2 footprint. Northvolt aims to establish recycling capabilities to enable 50 percent of all its raw material requirements to be sourced from recycled batteries by 2030.

See Northvolt.com for more.