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Autoliv Partners with Renewable Energy Producers

In a significant stride towards achieving its climate objectives, Autoliv, Inc. has initiated two Virtual Power Purchase Agreements (VPPAs) with renewable energy leaders, Alight and Eurowind Energy. These contracts aim to bolster the supply of renewable electricity for Autoliv's European operations, providing a reliable and affordable energy stream amidst fluctuating market conditions.

A Strategic Move in Renewable Energy

Signed on April 3, 2025, these agreements signal Autoliv's commitment to transitioning entirely to renewable energy sources by 2030. The partnership with Alight includes the development of a 100 MWp solar park in Eurajoki, Finland, expected to produce around 100 GWh annually, which can power nearly 20,000 households. Scheduled to become operational in 2026, this project will allow Autoliv to secure a stable supply of eco-friendly electricity at competitive prices.

Meanwhile, the agreement with Eurowind Energy involves a 12-year contract for energy from a 48 MW wind park in Romania, anticipated to generate approximately 176 GWh annually once completed in 2027.

Combining solar and wind energy sources, Autoliv aims not only for optimal energy generation day and night but also for enhanced operational flexibility across Europe. According to Magnus Jarlegren, President of Autoliv Europe, this collaboration represents a notable milestone in the company's decarbonization journey and solidifies its status as a leader in sustainability within the automotive sector.

Addressing Climate Change

Autoliv's overarching climate strategy focuses on reducing greenhouse gas emissions and enhancing the circularity of resources throughout its supply chain. The company has set ambitious targets: achieving carbon neutrality in its own operations by 2030 and reaching net-zero emissions across its supply chain by 2040.

Kaisa Tarna-Mani, Vice President of Sustainability at Autoliv, emphasizes the importance of VPPAs in enabling low-carbon operations and reinforcing partnerships with renewable energy suppliers like Alight and Eurowind Energy. This strategic direction not only aligns with global sustainability trends but also meets the rising demand from customers for environmentally friendly products.

The Future of Automotive Safety

As the leading global provider of automotive safety systems, Autoliv recognizes its pivotal role in promoting safer, more sustainable mobility solutions. In 2024, Autoliv's innovations contributed to saving approximately 37,000 lives and preventing around 600,000 injuries through the deployment of advanced safety technologies like airbags, seatbelts, and other protective systems.

With operations in 25 countries and over 65,000 dedicated employees, Autoliv's commitment to research and development is steadfast. The company generates impressive annual sales of approximately $10.4 billion while striving for excellence in every aspect of its operations.

Conclusion

Autoliv's recent initiatives to secure renewable energy sources represent a forward-looking approach in an industry facing increasing environmental scrutiny. By prioritizing sustainability, Autoliv not only positions itself in line with global climate goals but also ensures its long-term viability within the competitive automotive market. As the company forges ahead with its environmental stewardship, it sets a precedent that others in the industry may follow, echoing the belief that safety and sustainability can indeed go hand in hand.