Oslo energy storage project company

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 CO2 will Stockholm exergi store?

The news comes following a signed commercial agreement with Stockholm Exergi to transport and store 900,000 tonnes/year (tpy) of biogenic CO 2 for 15 years. The Northern Lights project comprises transportation, receipt, and permanent storage of CO 2 in a reservoir in the northern North Sea.

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.

How has Norway benefited from the longship CCS project?

The Norwegian government’s establishment of the full-scale Longship CCS project and the support from the European Commission for a commercial expansion phase has enabled the stepwise Northern Lights development; leveraging the existing onshore and offshore infrastructure in Øygarden, Norway.

Who is Stockholm exergi?

Stockholm Exergi is the third European company to sign a commercial CO 2 transport and storage agreement with Northern Lights, following earlier agreements with Yara in the Netherlands and Ørsted in Denmark. Northern Lights JV DA is a registered, incorporated General Partnership with Shared Liability (DA) owned by Equinor, TotalEnergies and Shell.

When will CO2 transport & storage operations start?

Operations are scheduled to start this summer, with the first CO 2 transport and storage from Heidelberg Materials’ cement factory in Brevik, as part of the Longship project by the Norwegian government. “We are looking forward to start-up the first CO2 transport and storage operations this summer.