Hydro plans to build a new pumped storage power plant in Luster Municipality, Norway. With construction starting in 2025 and operations beginning in 2028/2029, the total investment for the project is estimated at approximately NOK 1.
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. 5 million tonnes of CO2 per year.
Å Energi has acquired a majority stake in the Isokangas energy storage project near Oulu. The 50 megawatt/1hour energy storage facility to be completed in 2026 is a significant milestone in strengthening the flexibility of the Nordic electricity grid and the security of energy supply.
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