Technical FAQs 4

What is the Nordic battery collaboration?

The Nordic Battery Collaboration is a key initiative. The decision to carry out this report was taken by Business Sweden, Business Finland, Innovation Norway and the Swedish Energy Agency together. All parties are financing the report. The report is conducted by Business Sweden.

Is the Nordic battery value chain a good investment?

In 2021 the Swedish Energy Agency and Business Sweden published two reports* concluding the complementary strengths within the Nordic battery value chain, a strong momentum for industry potential, a shared interest in joint trade and investment promotion as well as a need for coordinated actions.

Does Norway have lithium-ion storage batteries?

At the time, Europe did not yet have any grid-scale lithium-ion storage batteries. Since then, Norway has successfully installed nearly 3 GW of battery capacity, connecting with the UK and German markets via interconnections and harnessing its vast hydropower resources.

How much battery capacity will the Nordic countries have by 2030?

The Nordic countries are expected to have almost 1800 MW of installed battery capacity by 2030, not including batteries in electric vehicles. Figure 06.3: Expected battery capacity in the Nordics by 2030, not including batteries in electric vehicles.

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