Montel News - Energy Insights
Fears raised over Nordic green transition amid H2 and battery woes
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Recent announcements by energy giants to shelve hydrogen plants in Norway, Sweden and Denmark have sent shockwaves through the power markets. And combined with the struggles of battery producers, many have been left wondering if the Nordic region’s energy transition has stopped or slowed to a glacial pace. Reporting by Olav Vilnes, Editor Nordics, Montel. Contributor: Sigbjorn Seland, chief analyst Storm Geo.
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Although countries in the region have set ambitious targets for emissions reduction and renewable energy development, a lack of infrastructure, funding, and market demand is slowing progress. hole io
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The struggles in both hydrogen and battery sectors are particularly concerning. Are there specific challenges unique to each industry in the Nordic context, such as Escape Road infrastructure limitations for hydrogen or raw material sourcing for batteries?
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