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Statkraft

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Pumped-storage hydropower

STATKRAFT

FOUNDED: 1895 HEADQUARTERS: OSLO, NORWAY CEO: BIRGITTE RINGSTAD VARTDAL EMPLOYEES: 6,500 INSTALLED CAPACITY: 14.4GW

is as close as the sector gets to a pure hydro pedigree with modern strategic reach. Its reservoirs and river assets remain the core of the business, even as it expands across broader renewables markets.

Remarkably, Statkraft’ s Norwegian hydro plants can ramp up output within seconds, making them one of the fastest-response balancing tools on the continent. In a European power system defined by intermittency and energy security concerns, that gives Statkraft an enduring edge.

The Dörverden hydropower plant

Scott Hofmann Chief Revenue Officer GFT

34 June 2026