About Norway Bergen Energy Storage Project Subsidy
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About Norway Bergen Energy Storage Project Subsidy video introduction
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6 FAQs about [Norway Bergen Energy Storage Project Subsidy]
Is there a full-scale CO2 management project in Norway?
Various governments have worked to realize a full-scale project for capture, transport and storage of CO2 (CCS) in Norway. The Norwegian Parliament approved the full-scale CO2 management project in Meld. St. 33 (2019–2020) Longship - capture, transport and storage of CO2 in 2021. The Longship project will be completed in 2025.
Can Northern Lights store CO2 in Norway?
Northern Lights JV DA, which is the transport and storage operator in Longship, has signed letters of intent with several companies. In addition, Northern Lights is in dialogue with a large number of European companies that are looking at the possibilities of storing their CO₂ in Norway.
How much did the Norwegian government pay for the Northern Lights project?
The Norwegian government covered about 80% of the cost for the first phase of the Northern Lights project. “The support from the Norwegian government and European Commission has been important contributing factors to successfully completing Phase 1 and advancing Phase 2.
Which companies are investing in the Northern Lights project?
Equinor, Shell and TotalEnergies are investing in the Northern Lights project — Norway’s first licence for CO₂ storage on the Norwegian Continental Shelf and a major part of the initiative that the Norwegian government calls Longship. Carbon capture and storage will play a major role in the Norwegian climate solution.
Will Norway develop a full-scale CCS value chain in 2025?
The project is said to reflect the Norwegian government’s ambition to develop a full-scale CCS value chain in Norway, demonstrating the potential of this decarbonization approach. Longship, with captured CO2 from Brevik and Northern Lights’ transport and storage, will be operational in 2025.
Can Norway transport CO2?
In 2024, Norway signed bilateral MoUs (Memorandum of Understanding) with Denmark, Sweden, Belgium and the Netherlands to allow for cross-border transport of CO. Can we guarantee that CO2 is safely stored?
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