Oslo overseas energy storage project energy storage prospects

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.

How much did the Norwegian government pay for the Northern Lights project?

The Norwegian government covered about 80% of the cost for the first phase of the Northern Lights project. “The support from the Norwegian government and European Commission has been important contributing factors to successfully completing Phase 1 and advancing Phase 2.

When will CO2 be delivered from Stockholm exergi?

The second phase is expected to be completed and ready to receive CO 2 delivery from Stockholm Exergi in the second half of 2028. The expected $713 million investment for the second phase includes about $141 million from the Connecting Europe Facility funding scheme approved by the European Commission in 2024.