Aluminerie Alouette announced a landmark agreement in principle that will guarantee a long-term power supply for Aluminerie Alouette through 2045. As part of this milestone, the company also announced a USD1.5bn investment to modernize its facilities, strengthening its competitiveness and reinforcing its commitment to sustainable industrial development for decades to come. After 33 years of operation and with the current contract expiring in 2029, the company faced a critical need to modernise. This new long-term power agreement provides a solid foundation for transformative investments, securing Aluminerie Alouette’s global competitiveness in an increasingly complex and uncertain market. While still grounded in a risk-sharing pricing model, the revised formula will allow for increased returns to Hydro-Québec when aluminium market conditions are strong, without increasing financial exposure during more difficult periods. These adjustments will come into effect at the conclusion of the current contract in 2030.