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 plant at home to
Located in Norway, Northern Lights is the world''s first CO2 transport and storage project open to industry, owned equally by TotalEnergies, Equinor and Shell. Operational since 2024, the
The first phase of the project has a storage capacity of 1.5 Mt CO2/year, which has been fully booked by customers from Norway and Continental Europe. Final Investment Decision of the
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 investment for the
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
Scheduled for completion in 2026, the projects will have a combined storage capacity of nearly 40 MWh, making them among the largest battery projects in Norway to date, with a total
The project''s importance, operational framework, difficulties encountered during development, and potential to influence industrial decarbonization in the future are all covered in
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 years,
Equinor, Shell and TotalEnergies are investing in the Northern Lights project — Norway''s first licence for CO₂ storage on the Norwegian Continental Shelf and a major part of the initiative that
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