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.

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.

Why is Norway integrating into the European battery ecosystem?

In a shifting global battery landscape, Norway is increasingly integrating into the European battery ecosystem. This is an intentional move by all parties, as reaching global climate targets becomes more urgent for each passing year and geopolitical developments fuel action for European energy independence.

How do the United States and Norway contribute to the green energy transition?

The United States and Norway aim to diversify and collaborate on building secure and robust supply chains for the green energy transition. The United States and Norway continue to strengthen their strong bilateral energy relationship by enhancing information sharing and accelerating shared goals. End text.

Are EV batteries the future of energy storage?

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

Does the United States have a commitment to European energy security?

The United States demonstrates a similar commitment to European energy security; last year nearly 70 percent of U.S. LNG exports reached European markets, totaling approximately 72.1 billion cubic meters. These supplies from Norway and the United States were crucial to avoid blackouts and even higher energy prices in Europe in 2022.