Umicore and ENGIE sign a long-term PPA to supply renewable electricity to Umicore’s cathode materials plant in Poland

Umicore.com

ENGIE and global materials technology group Umicore have entered into a long-term corporate Power Purchase Agreement (PPA) to supply Umicore’s greenfield plant with renewable electricity in Nysa, Poland. It will be the first plant in Europe to produce cathode materials, key ingredients of rechargeable Li-ion batteries for electric vehicles.

ENGIE will provide green electricity from its existing 100%-owned wind park in Pągów, Opole province, located 80 km from Nysa. The wind park was commissioned in 2012.

This is the first PPA signed by ENGIE with an industrial company in Poland. The PPA will allow ENGIE to secure the economic viability of the wind park beyond the end of the current subsidy scheme. At the same time, the PPA will contribute to Umicore’s roadmap towards carbon neutrality by 2035 and secure long-term renewable electricity supply for the plant in Nysa. Umicore is leading the charge in sustainability by driving renewable energy projects and its commitment contributes to maximizing the lifetime of renewables on the Polish grid. 

Umicore’s Nysa plant is the first industrial cathode materials production plant in Europe and is soon to be commissioned. Initial commercial production volumes are expected year-end. Umicore will be using 100% green power on site as of the start of the operations. 

Eric Stab, CEO of ENGIE North, South and Eastern Europe, said: “As one of the most industrialized countries in Europe, Poland will be key for Europe’s carbon neutrality objectives. ENGIE, as a major renewable energy producer, sees many opportunities to develop green corporate PPAs in Poland in the coming years, considering the carbon reduction commitments taken by many international and Polish companies. ENGIE’s purpose and strategy are fully aligned with this target and ENGIE is ready to support Umicore, one of its historical customers in Belgium, in reaching its carbon neutrality objective in Poland.”

Marc Grynberg, CEO of Umicore, said: “We are very proud that our cathode materials production plant, the first in Europe, will be carbon neutral as of the start of production. This sets Umicore well ahead of its peers and is an important step in our race to achieve net zero GHG emissions by 2035.”

Investor Relations Umicore

Saskia Dheedene

Head of Investor Relations
T: +32 2 227 72 21
Email

Eva Behaeghe

Investor Relations Manager
T: +32 2 227 70 68
Email

Aurélie Bultynck

Investor Relations Manager
T: +32 2 227 74 34
Email

Media Relations Umicore

Marjolein Scheers

Media & External Affairs Manager
T: +32 2 227 71 47
Email
×

      Umicore uses certain monitoring and tracking technologies such as cookies. These technologies are used in order to maintain, provide and improve our services on an ongoing basis, and in order to provide our web visitors with a better experience.

      By clicking on the "Accept all" button you agree to the use of these cookies while using the website. For further information regarding how we use cookies and other tracking technologies, please see section 11 of our website privacy notice

          Necessary cookies are essential and help you navigate our website. This helps to support security and basic functionality and are necessary for the proper operation of our website, so if you block these cookies we cannot guarantee your use or the security during your visit.

          Cookies that help us to understand the behaviour of users of our website. This allows us to continuously improve our website to provide the best information in support of our project aims. These cookies also help us understand the effectiveness of our website. For instance these cookies tell us which pages visitors go to most often and if they get error messages from web pages.

          Cookies that deliver content to you based on your interests, which are assumed from your browsing history. Most Targeting Cookies track users via their IP address and, thus, may collect some Personal Data. Personal Data collected by Targeting Cookies may be shared with third parties, such as advertisers.