What will happen if the Norwegian energy balance goes down?
A lasting larger deficit in the Norwegian energy balance is unlikely as this will lead to high electricity prices and thus less new industry. Similarly, a larger surplus will quickly be ofset by more consumption. At the same time, it is likely that new industry can outcompete existing ones – if there is not enough new production.
How can energy storage technologies help integrate solar and wind?
Energy storage technologies can provide a range of services to help integrate solar and wind, from storing electricity for use in evenings, to providing grid-stability services.
Will lower technology costs provide more storage & flexibility in ?
Towards we assume that lower technology costs will provide more storage and flexibility, but this is uncertain. On the continent and in the UK, average electricity prices in the Base scenario decrease from today's level of around 80-85 €/MWh to around 65 €/MWh in , and further to around 50 €/MWh in .
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External forecasts show that the costs for emission-free production, energy storage, and various forms of flexibility will continue to decrease. This reinforces the transition and generally leads to
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Concentrated solar power, pumped hydro and batteries, installed storage capacity in and - Chart and data by the International Energy Agency.
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Cost, shipping, energy density drive move to 5MWh
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