It has been 13 years since the Norwegian petroleum industry came together and created the organization INTSOK. In that time, the Norwegian petroleum cluster has achieved NOK 120 billion in international turnover and 230 members. But the future export potential within renewable energy could be even greater than oil and gas, according to Norwegian Renewable Energy Partners INTPOW.
Clean tech innovation takes the prize
In the past several years, there has been a clear increase in the number of clean tech finalists for the Confederation of Norwegian Enterprises’ Innovation Prize, the award recognizing commercially successful products and services with the most promising future. This latest trend highlights the revitalization of two of Norway’s traditional industries, oil and shipping, and brings them into a new green technology era.
Moving from oil to offshore wind
Norway has forty years’ experience exploring, developing and operating oil fields in harsh environments and deep waters in the North Sea. Now some of those same petroleum-related companies are building and developing large offshore wind farms worldwide.
Wind power – the paradox of plenty
Norway is blessed with abundant hydropower resources, holding approximately half of Europe’s reservoir capacity, and is the only industrialized nation meeting almost all of its domestic electricity needs through hydropower. However, Norway still needs to develop its wind power if it is to meet the EU’s 2020 goal for renewable energy and promote development of its power-intensive industries at home, says Øyvind Isachsen, Norwegian Wind Energy Association (NORWEA) secretary general.
Norway’s pioneering role in osmotic power
Statkraft currently generates enough osmotic power at its prototype power plant in Tofte, the world’s first, to barely run an electric kettle. The estimated technical potential of osmotic power globally is similar to half of Europe’s annual electricity consumption.
Hydropower future lies in emerging markets
Norway has already developed 75% of its enormous reservoir capacity for hydropower. In the future, growth for the Norwegian hydropower industry will come from projects abroad, and the biggest potential will be in emerging markets, according to SN Power.
Norway’s bright global footprint
Norway is not readily associated with sunshine. During peak wintertime, there are northern parts of Norway shrouded in near total darkness. Yet the Norwegian solar power industry employs 2,000 to 3,000 people domestically and generates more than NOK 10 billion per year in turnover, according to the Norwegian Solar Energy Society, and has a global presence stretching from California to China.
Renewable Energy- Norway’s next great adventure
When Åslaug Haga served as Norway’s oil and energy minister during 2007-2008, she felt there wasn’t enough focus on renewable energy in the country. But the Norwegian oil industry was booming and the EU hadn’t yet established the 2020 environmental goals. Now she is the leader for a newly created renewable energy project for the Federation of Norwegian Industries that will prepare the oil nation for this next great industrial adventure.