Snow dump is fast charging Europe’s biggest battery

A snowy and wet couple of weeks and the absence of any real winter are turbo charging power reservoirs in the Nordic region.

BY LARS POULSSON, BLOOMBERG NEWS

Operators of the huge dams in Norway pull the levers that drive much of the power market in northern Europe. They have the ability like no one else to direct supplies by holding back—or opening the floodgates when the power is needed and the price is right. The electricity is free from carbon emissions but as dependable as a traditional fossil-fuel plant.

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Statkraft builds Ireland's first battery project
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Norway was a net power importer in 2019
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Norway's electricity import at nine-year high
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