Norway's hydropower pumped storage capacities, amounting to 83 TWh, are increasingly being leveraged to regulate renewable energy surpluses in Europe and stabilize electricity prices. The electricity market in Europe faces growing instability, exacerbated by the increasing share of renewable. . Important both for electrification and green industry as well as postpone or even reduce the need for grid investments How fast, how long, how often and when is the flexibility available? Customers save money – the grid capacity is used better! Customers can earn money on contributing to a better. . Euroflex is a local flexibility market in Norway aimed at managing electricity demand during peak periods. It involves grid companies like BKK, Elvia, and Glitre Nett, who buy flexibility services to either reduce consumption or boost production. Initially focused on the Agder region, Euroflex has. . The latest forecast for Norway's energy transition. Get detailed analysis of how growing electrification demand outpaces new power capacity, the effect of rising power demand from data centers, the decline of oil and gas exports, and whether Norway is on track to reach its emissions reductions. . European CO2 reduction goals have led to an increase in variable energy sources such as wind and solar, and consequently to an energy system that will need more flexibility in the future.
Menu
