Does Norway have a battery market?

Today Norway has not one, but two huge battery markets. “There are two market drivers for batteries: EVs and stationary energy storage. Energy storage is coming on strong now. It’s the key to turning intermittent wind and solar into a stable energy source,” explains Pål Runde, Head of Battery Norway.

Who is supplying end-of-life lithium-ion batteries?

Eco Stor, an Oslo-headquartered portfolio company of Norwegian utility company Agder Energi, will provide the joint venture with end-of-life lithium-ion batteries. Morrow Batteries, a battery manufacturer, will also supply lithium-ion battery manufacturing scrap from its planned facilities in Norway.

Is Norway a good place to buy EV batteries?

An early adopter of electric transport, Norway continues to capture EV battery headlines. Electric cars now account for 79 per cent of new cars sold in Norway, and the MS Medstraum was recently launched as the world’s first electric fast ferry. In a global report on lithium-ion batteries, Norway ranked first in sustainability.

Will eco Stor provide end-of-life lithium-ion batteries?

Subject to the parties entering into mutually acceptable definitive agreements, Eco Stor will provide the joint venture with end-of-life lithium-ion batteries. Morrow will also contribute lithium-ion battery manufacturing scrap from its planned facilities in Norway.

Does Li-Cycle recycle lithium ion batteries?

Li-Cycle's new facility, the Norwegian Spoke, will be able to process up to 10,000 tonnes of lithium-ion batteries per year, including battery manufacturing scrap, full EV packs, and energy storage systems. Li-Cycle recycles lithium ion batteries.

What is a battery energy storage system?

Battery Energy Storage Systems (BESS) are critical to achieving a sustainable global energy transition at speed. By using batteries to store electrical energy, BESS can help us decarbonise our grids and balance the intermittent nature of renewable energy sources like wind and solar power.