Hydro has made the final investment decision for its largest hydropower development in over 20 years. Construction of the Illvatn pumped storage power plant in the Luster Municipality will begin this November, with operations expected to start in 2030. Ever wondered how a city known for fjords and northern lights is quietly becoming a global energy storage pioneer? The Oslo Grid Energy Storage Project is rewriting the rules of renewable energy management – and doing it with Scandinavian flair. 2 billion (US$113 million), is expected to begin construction in 2025, targeting 2028 or 2029 for full. Pixii is the project lead of B-READY, a large-scale research and innovation project focused on energy storage and artificial intelligence. The project has been awarded up to NOK 76 million (approximately EUR 6. 5 to 5 million GWh batteries annually using lithium iron phosphate (LiFeP04) technology. This development means a significant industrial consumer is internalizing its energy security by creating a massive, flexible.
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