Technical FAQs 4

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.

Can Norway construct a battery cell Gigafactory?

Several companies are planning to build battery cell Gigafactories in Norway. Although the emerging industry is promising new ‘green’ economic growth for the oil-dependent country, it is reliant on lithium and other raw materials that are extracted elsewhere.

Who is heading the Norwegian Giga Battery Factories project?

The project is headed by the Norwegian University of Science and Technology (NTNU) with scientific partners from IFE, SINTEF and Technical University of Braunschweig. The Norwegian Giga Battery Factories (NorGiBatF) is a competence project funded by the Research Council of Norwegian and several Norwegian industry partners.

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.

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