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Norway s new energy storage project construction

Aker Solutions Secures EPC Contract for Northern Lights Phase

Aker Solutions has been awarded a significant contract for the second phase of the Northern Lights carbon storage project by Equinor, acting on behalf of the Northern Lights joint

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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

Norsk Hydro Unveils Ambitious 84GWh Pumped Storage Project in Norway

The Illvatn project, estimated to cost NOK 1.2 billion (approximately $113 million), aims to commence construction in 2025, with a target for full operational status by 2028 or 2029.

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TotalEnergies and partners approve phase two of Northern Lights CCS project

TotalEnergies, along with partners Equinor and Shell, has reached the final investment decision (FID) for the second phase of the Northern Lights Carbon Capture and

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6 FAQs about [Norway s new energy storage project construction]

Is Norsk Hydro planning a 84gwh pumped storage project?

Norsk Hydro, a leading Norwegian aluminum and renewable energy company, has announced plans for an 84GWh pumped storage project in Luster Municipality, Norway. The Illvatn project, estimated to cost NOK 1.2 billion (approximately $113 million), aims to commence construction in 2025, with a target for full operational status by 2028 or 2029.

What projects are under development in Norway?

Another project under development in Norway is a new power plant at Torolmen, in the Årdal municipality, with an estimated annual production of around 30 GWh. The total investment for this project could reach NOK290 million (US$27.4 million), with potential construction starting as early as 2027.

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).

Will Norsk Hydro invest in illvatn 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. A plan change application is currently under review by the Norwegian Water Resources and Energy Directorate (NVE), with the final investment decision anticipated by the second quarter of 2025.

How is Northern Lights' CO2 transport and storage infrastructure progressing?

Construction of Northern Lights’ CO 2 transport and storage infrastructure and Heidelberg Materials’ capture facility in Brevik is progressing. As of now, the Brevik CCS is 76 percent complete, while Northern Lights’ storage facility is 94 percent complete.

What does the Northern Lights project mean for Norway?

Aker noted that the contract features a balanced risk-reward structure, incorporating aligned incentives to ensure efficiency and safety. The Northern Lights project represents a significant step toward reducing industrial carbon emissions and reinforces Norway’s leadership in global CCS initiatives.

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