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3 FAQs about [New energy storage project in oslo]
How much money will Oslo bring to the project?
The City of Oslo and the companies will bring up to 6 billion NOK (620 million EUR) to the table, said Raymond Johansen. This amount is necessary for the project to be fully funded. The Norwegian state has already given a funding guarantee of 3 billion NOK (310 million EUR).
How much CO2 does Oslo emit a year?
The waste-to-energy plant at Klemetsrud is currently responsible for 17 per cent of the city’s emissions, and is the biggest single emitter of CO2 in Oslo. From 2026, up to 400,000 tonnes of CO2 will be captured each year. This corresponds to the annual emissions from 200,000 cars.
How can a new project benefit from safe storage?
Safe storage is supported by monitoring programmes and reservoir simulations that new projects can benefit from. The Storage Directive (European Parliament and Council Directive 2009/31 / EC on the geological storage of CO) is the legal framework for environmentally safe storage of CO within the EEA.