Norway s new energy storage project construction implementation plan

The Illvatn project, with an estimated price tag of NOK1.2 billion (US$113 million), is expected to begin construction in 2025, targeting 2028 or 2029 for full operation. “We have carefully developed this project over an extended period, in close dialogue with authorities and the local community. [pdf]

FAQS about Norway s new energy storage project construction implementation plan

Is Norsk Hydro planning a 84gwh pumped storage project?

Norsk Hydro, a leading Norwegian aluminum and renewable energy company, has announced plans for an 84GWh pumped storage project in Luster Municipality, Norway. The Illvatn project, estimated to cost NOK 1.2 billion (approximately $113 million), aims to commence construction in 2025, with a target for full operational status by 2028 or 2029.

Is Norsk Hydro planning a new pumped storage power plant?

In April 2020, the Norwegian Ministry of Energy granted Norsk Hydro a concession to develop the Illvatn pumped storage power plant. An application for a plan change is being processed by the Norwegian Water Resources and Energy Directorate (NVE).

What projects are under development in Norway?

Another project under development in Norway is a new power plant at Torolmen, in the Årdal municipality, with an estimated annual production of around 30 GWh. The total investment for this project could reach NOK290 million (US$27.4 million), with potential construction starting as early as 2027.

When will a new pumped storage power plant be built?

(Credit: Narrativ/Hydro) Hydro is set to construct a new pumped storage power plant in Luster Municipality, Norway. Construction is expected to commence in 2025, with operations anticipated to begin in 2028 or 2029. The total investment for the project is estimated at around NOK1.2bn ($110m).

Can a plan change be implemented in Norway?

An application for a plan change is currently being processed by the Norwegian Water Resources and Energy Directorate (NVE). The project’s implementation depends on a positive response to the application, with the final investment decision expected by the second quarter of 2025.

Will Norwegian hydro develop illvatn pumped storage power plant?

In April 2020, the Norwegian Ministry of Energy granted Hydro a concession to develop the Illvatn pumped storage power plant. An application for a plan modification is currently under review by the Norwegian Water Resources and Energy Directorate (NVE).

Czech energy storage project construction

In an announcement released on March 7, 2025, the executive arm of the European Union said that the Czech scheme will support the installation of at least 1.5 GWh of new electricity storage facilities. [pdf]

FAQS about Czech energy storage project construction

How will a storage system help the Czech energy sector?

The storage system will support the transformation of the Czech power sector and contribute to the stabilisation of the power grid by providing power balance services. “Europe's energy sector is changing dynamically, but a secure energy supply and network stability remain the cornerstones.

Will a house-sized battery help stabilize the Czech energy grid?

The House-sized Battery Will Help Stabilise the Czech Energy Grid *The battery storage capacity is 10 MW and it exceeds the current largest battery in the Czech Republic by more than 40%. *The system can hold 9.45 MWh of energy, three times the size of the ČEZ battery in Tušimice.

How does the Czech TCTF work?

The Commission found that the Czech scheme is in line with the conditions set out in the TCTF. In particular, the aid will be (i) granted through a competitive bidding process open to all technologies; (ii) limited to 50% of eligible costs of a project; and (iii) granted no later than 31 December 2025.

Portugal new energy storage power station construction

The collaboration between Galp and Powin has begun the installation of a large-scale battery energy storage system in Alcoutim, a small town located in the sunny Algarve region of southern Portugal. The project focuses on a 5 MW/20 MWh storage system at the Galp solar park in Alcoutim. [pdf]

FAQS about Portugal new energy storage power station construction

Why is Portugal launching a solar energy storage project?

This initiative aims to enhance the flexibility and stability of Portugal's power supply system amid its record-breaking solar electricity production. On July 31, the ministry announced the allocation of €99.75 million through a call for tenders to install energy storage projects totaling 500 MW.

What does Portugal's energy policy mean for the energy sector?

The Portuguese Ministry of Energy has allocated €100 million for grid flexibility and energy storage projects to be completed by the end of 2025. This initiative aims to enhance the flexibility and stability of Portugal's power supply system amid its record-breaking solar electricity production.

How much money will Portugal spend on energy storage projects?

This included six projects from Spain’s Iberdrola, which secured nearly EUR 20 million in public funding. Portugal’s Ministry of Energy has announced that it has allocated EUR 100 million ($104.2 million) to 43 energy storage projects which should be installed by the end of 2025.

What is the biggest energy storage grant in Portugal?

The biggest grant was awarded to Solara4Phase4 to the tune of EUR 16.4 million. A total of 43 projects were selected from 79 applications in Portugal’s 2025 energy storage procurement. This included six projects from Spain’s Iberdrola, which secured nearly EUR 20 million in public funding.

What is Portugal's Energy Strategy?

The strategy includes a target of 20.4 GW of operational PV systems by 2030, comprising 14.9 GW of large-capacity plants and 5.5 GW of decentralized generation. Additionally, Portugal has launched its first tender for biomethane and green hydrogen as part of this comprehensive energy strategy.

How many projects were selected in Portugal's 2025 energy storage procurement?

A total of 43 projects were selected from 79 applications in Portugal’s 2025 energy storage procurement. The biggest grant was awarded to Solara4Phase4 to the tune of EUR 16.4 million. A total of 43 projects were selected from 79 applications in Portugal’s 2025 energy storage procurement.