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.

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.

Why is Norway a leader in battery manufacturing?

As a pioneer in the clean energy sector, Norway has also shown strength in battery manufacturing. As the global demand for sustainable energy solutions grows, Norwegian battery manufacturers are at the forefront of this change.

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 should we invest in EV battery recycling in Norway?

Our BESS holds immense potential for contributing to Norway’s burgeoning clean energy landscape. Upon installation at the EV battery recycling facility, Hydrovolt, it will play a pivotal role in optimizing energy utilization and unlocking new revenue streams.

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.