Why do we need batteries in the Nordic energy system?

The storage systems can store electricity when generation is high and prices are low, and then release it again when demand is high, stabilising prices and enabling renewable energy to be used more efficiently. In addition, batteries will play a critical role in ensuring supply security in the Nordic energy system.

What makes the Nordic power market unique?

The Nordic power market is intriguing with all its distinct characteristics. For example, due to its cold climate and energy-intensive industries, demand for power is high.

Why do Nordic hydro reservoirs have a large capacity?

This is due to the exceptionally high wholesale prices, which encouraged the use of stored water in reservoirs. The Nordic hydro reservoir capacity is close to 125 TWh, of which some reservoirs are capable of storing large amounts of energy for multiple years.

Does the Nordic power market have a low marginal cost?

Moreover, a vast majority of the production mix (mainly hydro, nuclear, and wind) has very low short-term marginal costs. So, let’s take a closer look at the Nordic power market.

Is Energi the most forward-looking Renewables Group in the Nordic region?

This acquisition reinforces Å Energi’s ambition to be the most forward-looking renewables group in the Nordic region. Å Energi is Norway’s biggest renewable energy group, with operations throughout the value chain from electricity generation to end users.