The project involves constructing an 8 km tunnel to connect a lower reservoir called Fivlemyrane at 1,018 meters above sea level with the Illvatn reservoir at 1,382 meters, and the new
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A Norwegian startup has secured USD 17.5 million (EUR 15 million) in a Series A funding to develop a new seasonal energy
Whether for EVs or energy storage, Norway has always had ideal conditions for battery growth: renewable energy in the form of hydropower, strong government financial incentives for EV
The European Commission on Wednesday adopted the first list of 13 Strategic Projects on strategic raw materials located outside of the EU, including
The EU is also weighing new sanctions targeting Russian banks and energy firms to pressure Moscow. Despite these risks, Europe''s storage levels provide some reassurance, standing
Norway''s sovereign wealth fund said on Wednesday it hopes to make its first investments in battery storage systems, reflecting the growing prominence of batteries in stabilising increasingly...
Complementing this tradition, Norway has made significant investments in battery storage systems, propelled by the rapid growth of electric
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Norwegian energy storage scale-up Photoncycle has secured €15 million in Series A funding to commercialise its solid-state hydrogen–based
The rapid expansion of renewable energy in Europe has created unprecedented demands for grid flexibility and stability. Within this new energy landscape, the European energy storage market is
Norway has half of Europe''s reservoir storage capacity, and more than 75 % of Norwegian production capacity is flexible. Production can be rapidly
Norsk Hydro has approved the construction of the Illvatn pumped-storage project in Luster, western Norway, the company''s largest hydropower
Welcome to Nordic9. Nordic9 is a Nordics-focused data platform, tracking competitive intelligence about companies, investors, people and transactions. European startup funding,
Energy security and China''s scale underpin hydrogen growth, DNV forecasts Clean hydrogen will grow 100-fold from today''s levels, according to
While Norway once aimed to be the ''battery of Europe'' it has since been overtaken other Nordic countries Sweden and Finland for BESS
By leveraging existing hydropower infrastructure, strategically investing in new technologies, and fostering innovation, Norway is poised to play a leading role in shaping the future
The new pumped storage plant in the Luster Municipality in Norway will provide 107 GWh of new annual renewable power production, dedicated to
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