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Norsk Hydro ASA will shut its battery materials and green hydrogen businesses, in a further sign of the commercial pressures on companies striving to meet Europe’s green-energy goals. Hydro ...

(Bloomberg) -- Norsk Hydro ASA will shut its battery materials and green hydrogen businesses, in a further sign of the commercial pressures on companies striving to meet Europe’s green-energy goals.

Norsk Hydro is no longer investing in its battery and green hydrogen businesses and will phase out these operations in the coming years, the Norwegian aluminum producer said on Wednesday.