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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.

Are batteries a potential green industry in Norway?

McKinsey & Co. has identified batteries as one of Norway's principal potential green industries in the future. According to the consultancy, a rapid and broad strengthening of all parts of the battery value chain is needed to satisfy the global battery shortage.

How can Norway become a leading battery player in Europe?

"Norway has all the prerequisites to become a leading battery player in Europe: ample renewable energy at competitive prices, industrial leadership, materials and technological development tradition and culture.

Does Sweden have a battery industry?

Sweden, however, has both a more developed residential storage sector and a bigger pipeline of grid-scale batteries than the rest of the Nordic countries put together, with around 400MW announced for operations in 2024 alone.

Does Norway have a battery market?

Since then, nearly 3GW of interconnector capacity has been installed to connect the GB and German markets to Norway’s extensive hydro capacity. However, across Europe battery capacity exceeds 20 GW, with GB, Germany and Italy leading this growth in capacity. Norway’s battery market remains poorly developed, even compared to its neighbours.

Is Norway a good place to buy EV batteries?

An early adopter of electric transport, Norway continues to capture EV battery headlines. 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.