Does Norway have a battery market?

Today Norway has not one, but two huge battery markets. “There are two market drivers for batteries: EVs and stationary energy storage. Energy storage is coming on strong now. It’s the key to turning intermittent wind and solar into a stable energy source,” explains Pål Runde, Head of Battery Norway.

How big is Norway's battery market?

batteries for stationary energy storage - a market expected to reach EUR 57 billion by 2030. Now, a more mature Norwegian battery industry has greater potential to accelerate the renewable energy transition in Europe. Today Norway has not one, but two huge battery markets.

Is Norway a good place to store CO2?

As you know, the Norwegian continental shelf is well suited for CO2 storage. And, with knowledge and experience from over 25 years of CO2 storage, I am confident that Norway can provide attractive storage areas to industrial customers. Turning our CCS expertise and our capacity for large-scale offshore storage into a new industry.

Is stationary energy storage a good idea in Norway?

Electric cars now account for 79 per cent of new cars sold in Norway, and the MS Medstraum was recently launched as the world’s first electric fast ferry. In a global report on lithium-ion batteries, Norway ranked first in sustainability. These are impressive records. Even so, stationary energy storage is beginning to steal the limelight.

Is Norway a battery region?

As a battery region, the Nordics have become a notable actor in the broader European battery market. They have also joined forces on global projects, such as the export of energy storage systems to Egypt and Lebanon. “The rest of the world understands that Norway is an important player in all things battery.

What is Northern Lights' open-access storage infrastructure?

Northern Lights’ open-access storage infrastructure offers companies across Europe an opportunity to store their CO2 safely and permanently underground. You are a leader in CO2 storage solutions in Europe and an important player in building a market for CCS in Europe.