Norway independent energy storage project

Hydro investing in Illvatn pumped storage plant in Luster

Hydro plans to build a new pumped storage power plant in Luster Municipality, Norway. With construction starting in 2025 and operations beginning in 2028/2029, the total

ENERGY TRANSITION OUTLOOK NORWAY 2024

3 Europe''s energy security and green transition. — Norway is already the second-most electrified country in the world, but electricity use will double by 2050 to cover 65% of

Hydro takes FID on EUR-214m pumped storage project in Norway

Norwegian aluminium company Norsk Hydro ASA (OSE:NHY) has made the decision to invest NOK 2.5 billion (USD 249m/EUR 214m) to build a pumped storage power

Norway''s maturing battery industry embraces green energy storage

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

Norway''s $2.8 billion full-scale carbon capture

The Norwegian government has made room in its 2025 budget for a multimillion-dollar investment destined to be injected into its carbon

Hydro approves largest pumped hydro project in more than 20 years in Norway

Norsk Hydro has approved the construction of the Illvatn pumped-storage project in Luster, western Norway, the company''s largest hydropower development in more than 20

Elinor Batteries to supply batteries for grid-scale energy storage

October 21, 2025 – Elinor Batteries has been awarded the contract to supply battery solutions for three large-scale battery parks in Southern Norway, boosting energy storage capacity,

84 GWh pumped storage project planned for Norway

Norsk Hydro, a Norwegian aluminum and renewable energy company, is planning a 84 GWh pumped storage project in Luster Municipality, Norway. The Illvatn project, with an

Oslo''s First Pumped Hydro Storage: A Game-Changer for Norway

Norway''s capital just leveled up in the renewable energy game with its first pumped hydro storage (PHS) facility. Think of it as a mountain-sized battery that stores Oslo''s

Egypt set for giant solar-plus-battery storage project

Norwegian developer Scatec ASA has signed a 25-year power purchase agreement (PPA) for a 1 GW solar array and 100 MW/200 MWh battery storage project in

Oslo Gravity Energy Storage: The $2.1 Billion Bet Reshaping

As of March 2025, Norway''s government has committed $2.1 billion to gravity energy storage systems – but what makes this 19th-century physics concept suddenly viable

Wenergy Secures Industrial Energy Storage Project in Norway

Wenergy has recently signed a new industrial and commercial energy storage project in Norway. The Stars Series liquid-cooled ESS cabinets will be deployed at critical nodes of the

Norway Energy Storage Outlook

Repurposing used EV batteries for stationary storage bolsters the nation''s energy resilience. Furthermore, Norway pioneers the exploration of hydrogen as a versatile energy

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4 FAQs about Norway independent energy storage project

Will Norsk Hydro build a 84 GWh pumped storage project?

(Photo: Narrativ/Hydro) Norsk Hydro, a Norwegian aluminum and renewable energy company, is planning a 84 GWh pumped storage project in Luster Municipality, Norway. The Illvatn project, with an estimated price tag of NOK1.2 billion (US$113 million), is expected to begin construction in 2025, targeting 2028 or 2029 for full operation.

Is Norsk Hydro planning a new pumped storage power plant?

In April 2020, the Norwegian Ministry of Energy granted Norsk Hydro a concession to develop the Illvatn pumped storage power plant. An application for a plan change is being processed by the Norwegian Water Resources and Energy Directorate (NVE).

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.

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.