Claus Lønborg

Sweden has decided to double our electricity production to 2045 to 300 TWh/year to enable the transformation to a 100 % Net Zero society. This means that we will need a lot of new green electricity from hydro, nuclear, wind and PV to meet this target. Another very important part is to continue operating our existing green power production safely as long as possible. We have studied the lifetime extension of Oskarshamn 3 the last years and based on these studies concluded that there are large possibilities to extend the lifetime from 60 to 80 years (2065) and based on these comprehensive studies decided to do all necessary preparations and studies for an upcoming investment decision. One critical item besides safety and investment volumes is that the market models are upfated so that the necessary and essential system services that i.e. nuclear is delivering are remunerated in a fair way and that financing models are developed that supports these necessary investments in the future more volatile energy landscape.

262

3 Kommentarer

We are celebrating a new PPA: Alcoa’s aluminium smelter Lista in Farsund municipality will receive a total of 2.600 GWh from Statkraft over three years, starting in 2025. Why is this a reason to celebrate?   📈 High energy prices make it difficult for industrial companies to produce at competitive prices. ↕️ Fluctuating prices, as we have seen over the last years, increase uncertainty in the calculation of final product prices. ✅ Through our power purchase agreement, we fix a price at a competitive level and support Norwegian industry in their ability to plan and offer their products at competitive terms in the market – now and in the future.   This agreement is made possible, among other things, through a tax change that came into force this year in Norway. We as a producer are now able to offer shorter PPAs to power-intensive industry, where the resource rent tax is not based on the spot price, but on the contract price entered into.   I thank the team who made this possible: At Statkraft, Originators, Portfolio Managers, Risk Managers and many other front- and back-office functions work together to make these contracts become reality for our clients, and I am proud to be working with such innovative colleagues. You always put the customer first.   Now go and enjoy your summer holiday! 😊   Link to the press release (in Norwegian): https://lnkd.in/dyrpJRWu

338

3 Kommentarer

So it is.

9

1 Kommentar

Sustainable investment in our Business Line Metal Recycling production. Machines goes electric👌 Real practical investment to lower recycling production CO2 emissions💪 The journey goes on👏 Top of our very sustainable recycling activities (creates Handprint) - example of practical sustainability work (reducing Footprint) by Fortum Recycling & Waste #sustainability #circulareconomy #metalrecycling #cables

62

Winter is coming🥶🥶…… As of November 16 Karlshamnsverket is in the yearly Strategic Power Reserve again - the lifeline of the Swedish power system. We see from year to year the increased importance of Karlshamnsverket with more and more starts - a clear sign of the effects of lack of dispatchable power after the forced shutdown of the nuclear power plants in Oskarshamn and Ringhals and previously Barsebäck. We also see a significant increase of other products to secure the power system like system services, countertrade etc that we deliver from the whole fleet including Karlshamnsverket. We are proud that Karlshamnsverket continues to be the lifeline of the system and are investigating how it can be transformed to a green reserve - just like we are doing with our gas turbine fleet where we have switched from fossil fuels to green fuels on several of our gas turbines and continue with the remaining ones to get a fully green gas turbine fleet. But the longterm answer is that Sweden needs more dispatchable power like nuclear power to overcome the imbalances and problems that we currently have.

114

Tibber has just launched its gas power plant killer. To reach Net Zero by closing these emitters, we need to progress the four Ds of the energy transition: decarbonisation, decentralisation, digitalisation and democratisation. Tibber nails all four with the Grid Rewards Virtual Power Plant for Homevolt. Swedish and Dutch Homevolt customers were ushered into our VPP last week. The home battery could already optimise around dynamic power prices, local solar production and EV charging. Now, Tibber's machine-learning algorithm will also remotely charge and discharge these batteries in Europe's balancing markets. There is enormous value in filling the gaps between supply and demand, particularly as more intermittent renewables enter the grid. Until now, massive energy incumbents used fossil fuels to reserve this value for themselves. Grid Rewards empowers households to earn money from their batteries, enable more renewables and keep the neighbourhood lights on - all from the comfort of home.

64

3 Kommentarer

Ethical, transparent and constructive lobbying - these have been the guiding principles for our lobbying work at Fortum already before the Finnish Transparency Register Act. Therefore, we have seen the new legislation as positive development in Finland, and waiting now other countries to join the trend! As we see it, the Transparency Register Act is not only a legal obligation, but also an opportunity to increase understanding of the role of lobbying in democratic decision-making and to improve the coordination of lobbying activities within own organisation. More below in a blog post by my team member Fredrik Blomfelt 👇 #transparency #lobbying

9

How close is Norway’s hydrogen horizon? In our Power-to-X report, Petter Knudsen, PA Head of Energy in Norway, joins a range of energy experts to find out >>https://lnkd.in/d-fHZtv3 #hydrogen #energytransition

13

HTHPs can act as virtual batteries on the grid - Enerin CEO at #Arendalsuka   🇳🇴 Enerin CEO Arne Høeg will be attending Arendalsuka this week, known as Arendal Week, which has been described this year as the biggest political gathering to shape policy in Norway since 2012. He will speak in a panel discussion at 'Det lille hotell', Torvgaten 5, 11:00-12:15.   Tomorrow, the Arendal panel is asking renewable energy companies: How will Norway become a leader in the green shift ❓ The inventor of the HoegTemp Arne Høeg will speak about why heat pumps are tipped as being one of the pivotal technologies to support electrification and climate goals.   ⚡ He will address how high-temperature heat pumps (HTHPs) can take pressure off, and stabilise, electricity grids through the upgrading of renewable and waste energy into substantial heat and steam, which can be combined with thermal energy storage (TES).   ❗ Some of the best solutions are the simplest. For example, installing water tanks on site is an easy and space-efficient way of storing energy through the heating of water when renewable energy is cheap.   ♻ The heated water can then be used later during peak hours when there is high demand and expensive electricity – a bit like a virtual battery with a minimal carbon footprint. This will take pressure off electricity grids struggling to supply sufficient levels of electricity in some countries, especially in those with plentiful renewables. Only last week, COO Trond-Atle Asphjell was commenting on the massive call on electricity needed for the energy transition over the next 20 years in an environment where there is insufficient grid capacity across many countries.   In Norway, there is a high proportion of electrically generated steam, but it is anticipated that over the next two decades industry would need twice as much electric power than what is currently available.   It is widely recognised that heat pumps offer one of the best solutions to replace fossil fuel energy consumption across many industrial sectors, and buildings, by utilising waste and thermal energy from cold and hot energy storage and by upgrading it for further use.   Enerin’s HoegTemp can also co-generate cooling and steam in a temperature range of -30°C to 200°C which reduces energy consumption for steam and cooling by 50 to 70 per cent, which is why high-temperature heat pumps should be high on the political agenda.   We can meet the climate goals set out for 2030/2040 through policies that support sustainable and secure supplies of clean, circular energy for electrification.   Read more about Enerin’s HoegTemp at www.enerin.no.   The HoegTemp can be seen below, installed at the IVAR biogas plant in Norway. #electrification #HTHPs #heatpumps #grids #batteries #energy #policy #energy #efficiency #climate #decarbonisation #biogas #TES #RES #heat #steam #buildings #industry #power Empire State Realty Trust New York City Housing Authority (NYCHA) SUSHEAT Julia Short

17

We at Energy Opticon AB have had the great opportunity to take part in the Global Innovation Accelerator (GIA) initiative via Energimyndigheten, in collaboration with Business Sweden, which has enabled meetings and contacts with energy companies, energy-intensive industries and suppliers of hydrogen systems on the German energy market. We've had many interesting discussions about challenges, current needs and future possibilities with hydrogen systems and flexibility solutions. Energy Opticon's software tool for economic total optimization of energy and hydrogen systems, Energy Optima 3, is ideal for both short- and long-term production planning and finding economy and ROI for these companies' investments in hydrogen production, especially in combination with different trading markets. Energy Optima 3 makes the green energy transition easier to handle and decisions more secure and accurate. If you want to know more about the goals, work and results from the GIA project, read here: https://lnkd.in/da-qR2iZ It has been really nice to work with the professional team from Business Sweden, Carl Sernbo, Rosie Downer, Annika Kranefeld, Björn Savlid and Erica Jaeckel, and the hydrogen market expert Stefan Liesner - we are grateful for all your combined efforts and for all the new contacts we have made. To be continued! 😊 #hydrogen #gia #flexibilitysolutions #integratedenergysystems #energyoptima3 #smartenergysolutions #productionoptimization #longtermoptimizations #industries #cogeneration #hybridsystems #hydrogensystems #greenenergytransition #värmewende #germany #energytrading #ancillarymarkets #cleantech #swedishinnovation

28

2 Kommentarer

Here is another opportunity for business driven environment protection. Arcada University of Applied Sciences is looking for co-operation with businesses that can use reed as a raw-material in their products. That's an important step in creating a useful value chain to reduce the eutrophication of the Baltic Sea.

9

It is great to see that more and more forums are talking about probabilistic methods vs. deterministic methods. Do you know the difference for a sector like the power grid? Did you know that not only can you utilize the existing grid infrastructure much better i.e in a cost effective way, but also save costs for maintenance and re-investments. Infinigrid AS we have done this for over a decade with sucess together with our clients.

19

1 Kommentar

Fingrid’s management review Q3/2024 has been published. “Strong development of the grid continues – ensuring a sufficient electricity supply calls for joint measures.” ✔ The transmission reliability rate of Fingrid’s grid was high, at 99.99930 (99.99996) per cent. ✔ Electricity consumption in Finland grew to 60.5 (56.7) terawatt hours in January–September. ✔ The electricity consumed in Finland was clean, with an emission factor of 31 (35) gCO2/kWh. ✔ The company’s investments were higher than in the previous year. The company estimates that the gross capital expenditure in 2024–2027 will amount to roughly EUR 2 billion, EUR 747 million of which is committed. ✔ The need for new connections to the main grid for electricity is high, and the number of connection enquiries continued to grow. 1139 (1126) MW in renewable production capacity was connected to the main grid. ✔Turnover for January–September was significantly higher than in the previous year. The balance service’s share of the company’s turnover was 54 (58) per cent. Grid investments and expansion of the operations as well as the weather-dependency of the power system have increased the company’s costs. ✔Profit before taxes was EUR 139.1 (-101.2) million. The company’s financial position remained strong. #greentransition #sustainability #electricitygrid #fingrid #managementreport

86

In times of war or aggression by foreign forces, the underground positioning of UPHS provides an additional layer of security. These systems are less likely to be targeted due to their concealed nature. This strategic advantage ensures that energy resources remain protected during times of conflict. The ability to maintain a reliable energy supply in such scenarios is crucial for national security and resilience. By safeguarding energy infrastructure, UPHS contributes to a nation's capacity to respond effectively to external threats. #EnergyTransition #SustainableEnergy #RenewableEnergy #EnergyStorage #SENS 🌍⚡

15

1 Kommentar

Congratulations to the Swedish TSO, Svenska kraftnät, on their fresh from the shelf and very first Balancing Market Outlook 2030! ⚡⚡⚡ Firstly, the report is highly readable and clear with a broad scope addressing the full balancing market and services traded and some forecasts for the coming 5 years period. In recent years, Transmission System Operators in Europe have been working hard on improving market design for ancillary services and enable market integration across boarders, but also, and not less important, to explain the markets, the many services and why they are needed, to a broader audience (current and future market actors). In the Balancing Market Outlook, Svenska Kraftnät highlights some of the most recent key events, with a large milestone ahead: transition to 15 minutes in 2025. We are in the midst of the energy transition and markets must develop to support it. This creates an incredibly high complexity for all market players. Therefore, a report like this, providing an overview and projections, is very welcome for current and future market actors, and will certainly open up new discussions on how markets can be improved even further. Feel free to share your thoughts in comments here!

15

1 Kommentar

Power-to-X report author and energy strategy expert Christian Rønberg explains the role of hydrogen in Norway’s future energy ambitions. Read the report in full: https://lnkd.in/d-fHZtv3 #hydrogen #energytransition

12

AABENRAA WINS THE FUTURE (again!): In another episode of municipalities driving the green transition, I am so excited to share the news that the Danish Business Authority has granted Aabenraa Kommune, utilities company Arwos, DTU - Technical University of Denmark, PtX pioneer European Energy, #AabenraaHavn and EUC Syd 35 million DKK (€4,6m) for a three year #sectorcoupling and #technicalwater project. In the project, Arwos and #DTUSustain / #DTUWindandEnergySystems will develop a Technical Water facility capable of supplying ultra-pure water for large-scale Power-to-X (PtX) production, using the municipality's wastewater. This will not only preserve groundwater, a scarce resource, but also significantly better the condition of the municipality's fjords as spillage will be minimised. 📣 "There is no doubt that Aabenraa Municipality is leading the way in large-scale sustainable development", says Mayor Jan Riber Jakobsen, and continues: "The number and size of renewable energy facilities in the municipality, including one of the world’s largest biogas plants, Northern Europe’s largest solar park, and the world’s largest PtX facility, demonstrate our leadership. I am pleased that we have secured funding for a project that will optimize conditions for these PtX facilities." The project will yield critical knowledge on technical water and sector coupling to support the green transition locally and nationally, and includes a partial build of the crucial sector coupling infrastructure; a tracé for wastewater, technical water, heat and e-methanol. The grant is part of a 100m DKK call under the Just Transition Fund. Thank you Ole Damm Anne Pagh Kold Anne Kikkenborg Søren Houmøller a.o. - this is such great news and we can't wait to get started! PRESS RELEASE HERE (DK): 👉 https://lnkd.in/dchmupd9 #sectorcoupling #wastewater #surplusheat #ptx #greentransition #circularsystems #buildingthefuture Energy Cluster Denmark GESEK - Komitéen for Grøn Energi og Sektorkobling Green Power Denmark DI Energi Tom Ahmt Ditte Lundgaard Jakobsen Thomas Overgaard Jensen Thomas Chr. Otzen Kruse Lotte Lindeloff Emil Vikjær-Andresen Hans Brask

83

8 Kommentarer

Facinating discussion how Nordic companies are enabling building of circular battery value chain. Battery business is relative new in Europe, however, in Nordics we have long tradition of chemical industry. This offers knowhow, experienced people and flexible solutions for battery investments. #futurebattery24

64