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Elkem Bjølvefossen is a Norwegian electric metal melting plant in Ålvik in Kvam near the Hardanger Fjord.

The smelter founded in 1905 to develop and utilize the hydroelectric power in Ålvik. Since the 1920s, Bjølvefossen has produced ferroalloys for the international iron and steel industry.

Today, the smelter specializes in the production of ferrosilicon and ferrosilicon-magnesium alloys. Bjølvefossen is one of the world's largest ferrosilicon magnesium producers.