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.
Why is Norway a world leader in batteries for transportation?
Within application of batteries for transportation, the majority of the research in Norway has been related to the maritime industry. This has given Norway a world leading position in this field. Corvus Energy is one of the pioneers in energy storage and delivers zero-emission solutions for all segments in the maritime transportation.
How can Norway become a leader in sustainable batteries?
Investing in research, local manufacturing and secure access to materials is needed to solidify Norway’s position as a leader in sustainable batteries. Battery technology is essential to meet Europe and Norway’s zero emission targets by 2050, helping to reduce carbon emissions in the energy and transport sectors across the continent.
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 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.
Why is battery technology important in Norway?
Battery technology is essential to meet Europe and Norway’s zero emission targets by 2050, helping to reduce carbon emissions in the energy and transport sectors across the continent. In Norway, strong battery research communities have flourished for over a decade, attracting growing interest from the industry.
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