Alcoa’s energy assets create value by seeking to lower overall operational costs and maintaining flexibility to sell power or consume it internally in some instances. Our energy assets include partnership positions in Brazil, Suriname and Canada.
Energy management is not just about minimizing production costs; it's an important contributor to our profits as well. Alcoa has a valuable portfolio of energy assets with power production capacity of approximately 1.5GW. Our team of global energy experts has considerable expertise in managing our external sourcing of energy for our operations.
Our power management strategy is critical to achieving Alcoa's sustainability goals; 55% of our power production capacity comes from clean, renewable hydroelectric operations. In addition, more than 70% of Alcoa’s aluminum smelting portfolio runs on renewable sources.