Nuon and AkzoNobel agreed on the supply of flexible energy to three chemical production sites in the Netherlands as part of an agreement to purchase a total net volume of 1.5 TWh.

With this deal, the Dutch company wants 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 AkzoNobel’s sustainability strategy. It will also enable the purchase of renewable power from other parties.

"The deal underlines our commitment to using more sustainable energy resources as it allows us to balance swings in supply of electricity, particularly that generated by wind and solar power," said Knut Schwalenberg, chairman of AkzoNobel Netherlands. "It also gives us further momentum in our industry transition towards 100% carbon neutrality by 2050."