Norsk Hydro cuts green hydrogen, battery projects on tough conditions
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Norsk Hydro has decided to halt funding for its green hydrogen and battery projects due to challenging market conditions, indicating these areas will no longer be strategic growth areas for the company.
November 27, 2024 | 9:45 am
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Norsk Hydro is ceasing funding for its green hydrogen and battery projects due to challenging market conditions, indicating a shift in strategic focus.
The decision to stop funding green hydrogen and battery projects suggests a strategic shift away from these areas, which could impact investor sentiment negatively in the short term. The market may perceive this as a retreat from growth areas, potentially affecting the stock price.
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