Country profile: Norway's energy sector
With the news that at the start of September, the Norwegian government confirmed its decision to move forward with the country’s three CO2 capture projects from the feasibility study, we take a deeper look at Norway’s energy scene as a whole.
Norway has a population of over five million people and relies mainly on its hydroelectricity production.
More than 99 percent of the electricity that is produced in the mainland of Norway is generated by hydropower plants. In 2007, The electricity production (in total) from hydropower plants came to nearly 135.3 terawatt hours (TWh).
The biggest hydroelectric power station in Norway is the Kvilldal Hydroelectric Power Station in Suldal. Suldal is situated in the traditional district of Ryfylke. The Kvilldal Hydroelectric Power Station was opened in 1982 and it has a capacity of 1,240 MW and produces 3028 GWh. The power station also has four Francis turbines (a type of water turbine developed by James B. Francis in Lowell, Massachusetts).
The smallest hydroelectric power station in Norway is the Kysinga Hydroelectric Power Station in Rindal. Rindal is part of the Nordmøre region of Norway. The power station came into operation in 2010 and has a capacity of just 1.25 MW.
Norway is the third-largest exporter of energy in the world.
In 2011, Norway was the eighth largest crude oil exporter in the world. It was also the world's third largest natural gas exporter, having significant gas reserves in the North Sea.
10 percent of Norway’s electricity production between 2004 and 2009 was imported.
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.