What is the future of battery production in Norway?

Battery cell production is one new industry Norway is keen to enter, hoping to benefit from access to green power and proximity to European customers keen to source batteries away from China.

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.

Where is Norway's first battery cell production site?

(Corrects name of CEO in fourth paragraph to Lars Christian Bacher from Christian Bacher) By Nora Buli ARENDAL, Norway (Reuters) -Battery start-up Morrow on Friday opened Norway's first battery cell production site on the country's south coast, with plans to deliver the first units by the end of the year and adding more production step by step.

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.

Is Norway a good place to buy EV batteries?

An early adopter of electric transport, Norway continues to capture EV battery headlines. 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.

Why is Norway suitable for battery manufacturing?

Norway is particularly suitable for battery manufacturing because of its process industry and material technology industrial track record, a long tradition of engineering and industrial innovation, abundant access to renewable power, and a labor model that ensures competent and committed employees.