Battery

Setting new benchmarks in one of the most important future technologies

Targeting a position in the battery industry and exploring synergies with Arendal Fossekompani’s battery initiative Ampwell.

Scaling up energy storage systems will be critical to address the hour‐to‐hour variability of wind and solar PV. Energy storage enables electricity to be saved for a later creating efficiencies and capabilities for the electric grid – including the ability to reduce greenhouse gas (GHG) emissions.

HydePoint

Ownership share

33,3%

Innovative and cost-efficient solution to solving the energy transmission needs of future offshore wind farms.

Glomsdam Kraftverk

Ownership share

50%

Partner

Vest-Telemark Kraftlag

The hydropower plant will utilize the height of fall below the existing dam at Glomsdam. From Glomsdam and to the lake Drang is another height of fall of approximately two meters. In order to increase the fall height, the project includes canalization to the lake Drang, to lower the water level below the existing dam construction. Expected average annual production of 7,27 GWh

Bøylestad Energy Park

Ownership share

33,3%

1,800,000 square meters ready for the green industrial revolution.

Kilandsfoss Kraftverk

Ownership share

33,3%

Kilandsfoss Kraftverk has a consession to utilize the height of fall between Flatenfoss hydro power plant and Bøylefoss in Nidelva. The concession given March 8, 2013, gives Kilandsfoss kraftverk AS the right to utilize a gross fall height of approximately 6,1 m. The drain capability of the hydro power plant will be approximately like Flatenfoss hydropower plant, of about 140 m3/s. Expected average annual production of 42 GWh

Seagust

Ownership share

47,5%

Partner

Ferd
Vattenfall

Combines globally leading offshore wind capabilities with leading Norwegian long-term industrial owners. Highly competent and credible partners. Global offshore wind track record combined with Norwegian heritage. Vergia and partners with group synergies, e.g. towards Volue. Potential to scale globally.

North Ammonia

Ownership share

50%

Partner

Grieg Edge

Strong energy and maritime capabilities enabling a differentiated end-to-end ammonia concept. Attractive emerging market opportunity. Complementary partners with expertise across the value chain. Unique credibility and access to customers. Scalable concept with diversified pipeline.

Focus areas

Targeting the emerging offshore windpower markets in Scandinavia, the Baltics and beyond.

Early mover in the next leading fuels for the maritime sector.

Developing energy parks in the Norwegian market, facilitating the establishment of power intensive, green industry.

Small scale hydropower projects utilizing the height of falls in the Arendal watercourse. Looking at opportunities to expand the portfolio.

Innovative and cost-efficient solutions to solve the energy transmission needs of future offshore wind farms.

Working towards taking a position within the solar value chain, considering solar photovoltaics (PV) as well as heating- and cooling technologies.

Seeking to enter the field of carbon capture, an important emissions reduction technology that can be applied across the energy system.