Norway : Tapping the vast potential of alternative energy
Norway holds an enviably strong energy position in the world market thanks to deep resources in oil, gas and hydro power. But even with this abundant supply, Norway’s energy picture is no longer a simple matter of oil and water. The growing demand for clean, emission-free power is fueling large scale innovation and investment in the potential of alternative energy. Wind, geothermal, solar, tidal and osmotic power sources are being developed by a cluster of industries and research institutions across the country. According to Terje Riis-Johanse, the Minister of Energy, Norway is already well-versed in alternative energy use, “Incredibly, 60% of Norwegian energy consumption is already based on renewable energy,” he pointed out in a recent speech. Experience with renewables and new technology applications are driving the sector towards a bright future. Large firms such as StatoilHydro, Statkraft and REC are bringing major resources to bear on their projects, while growing companies like Vindteknikk, Hammerfest Strøm, Geoenergi, and Energreen are developing niche technologies that are finding increasing markets worldwide.
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