Statkraft has elected Hedda Felin to its Board of Directors, effective 22 June 2026, replacing Ingelise Arntsen, who stepped down. Felin currently serves as the Chief Executive Officer of Hurtigruten, a position she has held since 2021. Her appointment brings extensive leadership experience from Norwegian and international industry to the renewable energy major.

Prior to her role at Hurtigruten, Felin spent more than 14 years at Equinor, holding senior leadership positions including Senior Vice President for International Development and Production and Head of the CEO’s Office. She has also worked at Capgemini Consulting. Additionally, Felin serves as a board member of Aibel ASA and the Norwegian Cancer Society. She holds a Master’s degree in International Politics and Administration from Sciences Po in Paris, France.

Board Composition

As of 22 June 2026, the Board of Directors of Statkraft AS includes the following members:

The Board of Directors in Statkraft AS is identical to the Board of Directors in Statkraft SF. Statkraft is a leading company in hydropower internationally and Europe's largest generator of renewable energy. The Group produces hydropower, wind power, solar power, and gas-fired power, employing around 6,200 people in 20 countries.

Statkraft has decided to build the Blåfjell Pump to channel more water directly into Blåsjø, Norway's largest hydropower reservoir. This project will increase electricity production in the Ulla-Førre power plants by 54 GWh, equivalent to the annual consumption of around 2,700 Norwegian households. The initiative aims to utilize water more efficiently by lifting it approximately 60 metres into the reservoir, mitigating flood losses and constraints in the current watercourse.

Four local and regional suppliers from Karmøy, Suldal, Voss and Grenland have been awarded construction contracts worth a total of NOK 250 million. Work on the pumping facility begins this week. The project includes a transfer tunnel, a pumping station inside the mountain, and several smaller transfer structures, with a total cost of approximately NOK 300 million.

Blåsjø serves as Norway's largest "hydropower battery," capable of storing water for several years to balance weather-related variations between dry and wet years. The reservoir stretches across Ryfylke and Setesdal. By increasing the water level in Blåsjø, Statkraft enhances generation within the existing Ulla-Førre system with limited additional environmental impact.

"Finally, after many years of planning and adjustments, we have found a profitable way to carry out the project. Getting more water into Blåsjø is perhaps one of the most valuable things we can do for society," says Pål Otto Eide, Executive Vice President for Development in Statkraft.

The Blåfjell Pump project is part of Statkraft's broader strategy to invest NOK 70 billion in Norwegian hydropower over the next ten years. Concurrently, Statkraft will carry out improvements required by the Norwegian Water Resources and Energy Directorate (NVE) on four dams at the western end of Blåsjø, with plans to complete all work during 2028.