Sandvika,26 November 2025 (OSE: NORCO):Norconsult has been contracted byNorsk Hydro (Hydro) to perform the detail design and technical support for Illvatn pumped storage hydropower plant. The hydropower plant in Luster, Vestland County,Norway , includes design of a new 12 km 132 kV overhead line. In addition,Norconsult will assist Hydro with project execution. The project enables Hydro, a leading aluminium and renewable energy company inNorway , to optimize water use in the Fortun hydropower system. The pumped storage power plant will reduce water loss in the system in the summer months and provide additional power generation capacity during periods of high demand during the winter season. Once commissioned, the project will pump water up to 360 meters in height from the Fivlemyrane reservoir to the Illvatn reservoir and generate net 107 GWh renewable power annually. "I am proud that Hydro has chosen to continue collaborating withNorconsult on this significant project. By partnering withNorconsult , Hydro has access to the best capacity and expertise in pumped storage hydropower inNorway . We look forward to the execution phase and to contribute to a successful project for Hydro," says Håkon Bergsodden, EVP Renewable energy atNorconsult . The four and a half-year construction period began late 2025 and will be completed first half of 2030. *** For further information, please contact: Investors:Christian Salbu Aasland , SVP Investor Relations & Business Intelligence, IR@norconsult.com Media:Henrik Charlesen , Senior Communication Advisor, henrik.charlesen@norconsult.com AboutNorconsult Norconsult is a leading pan-Nordic interdisciplinary consulting firm, combining engineering, architecture and digital expertise across projects of all sizes, for private and public customers in infrastructure, energy and industry, buildings and architecture. Headquartered in Sandvika,Norway ,Norconsult's delivery model is centred around knowledge hubs and local presence through approximately 7,000 employees across more than 140 offices inNorway ,Sweden ,Denmark ,Iceland ,Poland andFinland .
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