10 March 2022
Norway wants to invest in green conversion with extra oil revenues
The Norwegian Minister for the Climate and Environment, Espen Barth Eide, recently stated that Norway’s enormous petroleum revenues should go to financing the green conversion. The country’s petroleum revenues for 2022 are estimated at NOK 1,750 billion as a result of increased electricity prices.
“If you are concerned about increasing the room for maneuver in the Norwegian economy, that the green transition should go fast, that we should create new jobs, then this is a good situation for us. But it is a cruel situation for everyone. We cannot just say “hurray”, we must take co-responsibility”, said Espen Barth Eide.
“We are facing the largest development of Sweden’s electricity network ever”
The Swedish Minister for Energy and Digital Development, Khashayar Farmanbar (S), noted that Sweden is currently facing the largest development of its electricity network and must get rid of its dependency on Putin’s Russia and the oil sheiks in the Middle East. “As long as we are dependent on Putin’s Russia and the oil sheiks in the Middle East, we are vulnerable”, said Khashayar Farmanbar.
Linde Energy plans to build the largest solar park in the Nordics
Swedish company Linde Energy plans to build Sweden’s first, and according to the company, the Nordic region’s largest solar park of its kind. The new facility, which is named Solvallen, will consist of an agrivoltaic system that combines agricultural activities and solar parks. In the new Solvallen facility in Vässlingby, this means that solar production via vertical, double-sided solar panels is combined with the cultivation of grass.
“This project contributes to resolving a national goal conflict, namely that between electricity production and agriculture. Instead, these are combined in an effective way”, said Peter Ström, Head of Electricity Production at Linde Energy.
Hitachi Energy opens another factory in Dalarna
Hitachi Energy recently announced that they will open a new 2,500 square meter factory in Smedjebacken in August 2022 to meet the increasing demand for high voltage direct current systems (HVDC). HVDC technology plays a significant role in the global energy transition as it enables large-scale integration of renewable energy. The production of classic HVDC valves that are used for ultra-high voltages as well as FACTS valves that are used to stabilize electricity networks till be moved from the company’s facility in Ludvika to the new factory in Smedjebacken.
Plagazi and Powercell enter into cooperation for new hydrogen park
Plagazi has hired Powercell Sweden to conduct a feasibility study to investigate the possibility of using PowerCell’s innovative fuel cell technology in the Köping Hydrogen Park project. PowerCell Sweden offers a compact and robust fuel cell system that can be used as a sustainable reserve generator for Köping Hydrogen Park or as a conversion mechanism that enables Plagazi to sell green electricity produced from green hydrogen. The green electricity could be fed directly into the electricity grid whilst providing district heating to Köping municipality.
About Nordic Green News
The Nordic countries are some of the most dynamic and successful economies in the world. They are also leaders in sustainability, from renewable energy, biofuels, carbon capture and storage and the hydrogen economy, circular economy business models and battery development, the Nordics are pioneers in policy design, technology development and consumer uptake. Mundus Nordic Green News is covering this transition for the international community. Every day we curate the stories of most relevance to international businesspeople and policy experts from the flow of news. Mundus Nordic Green Indices summarise the meta-data from our daily coverage to enable easy tracking of trends. We supplement these with our own opinion pieces and commentary.
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