3. BYD. BYD is a Chinese company that designs and produces battery-electric vehicles and energy storage solutions. BYD''s battery technology is widely used in electric cars, buses and solar energy storage systems. 4.
After setting impressive EV battery records, Norway has turned its focus to an even larger market: batteries for stationary energy storage - a market expected to reach EUR 57 billion by 2030.
Elinor Batteries plans for a giga-scale battery factory near Trondheim, Norway. Based on 100% renewable energy and nordic mineral resources, the factory will supply sustainably produced
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Today Norway has not one, but two huge battery markets. “There are two market drivers for batteries: EVs and stationary energy storage. Energy storage is coming on strong now. It’s the key to turning intermittent wind and solar into a stable energy source,” explains Pål Runde, Head of Battery Norway.
According to international experts, Norway has everything it takes to become a global leader in the battery industry. No other new, green industry can create as much welfare. The setting is quite similar to how Norway built global leadership from scratch in the oil business. A giga-scale factory for battery cell production located in Mid-Norway.
An early adopter of electric transport, Norway continues to capture EV battery headlines. Electric cars now account for 79 per cent of new cars sold in Norway, and the MS Medstraum was recently launched as the world’s first electric fast ferry. In a global report on lithium-ion batteries, Norway ranked first in sustainability.
“There are two market drivers for batteries: EVs and stationary energy storage. Energy storage is coming on strong now. It’s the key to turning intermittent wind and solar into a stable energy source,” explains Pål Runde, Head of Battery Norway. An early adopter of electric transport, Norway continues to capture EV battery headlines.
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