Norway's Carbon Capture and Storage Project Estimated to Cost $2.6B
wants to prove that the CCS technology can work by capturing CO2 at two industrial sites and storing it under the seabed on the Norwegian continental shelf.One project to capture the emissions is located at a cement plant in southern Norway, part of Germany's HeidelbergCement, while the other is at a Fortum's waste-to-energy plant in Oslo.Excluding operating costs, estimated total investments are between 12.9 billion and 17.1 billion crowns, depending on whether one or two CO2 capture plants are built, the study by Atkins Norge, a part of SNC-Lavalin Group, and Oslo Economics showed."The measure
Penguin Wave Energy Converter Sinks
. During the testing period the device fulfilled expectations and accomplished what the prototype was built for, having survived waves of over 18 meters, proving technology, mooring construction, cable connection, control software and power take off construction.The CEFOW project, coordinated by Fortum will continue with the deployment of two commercially ready devices. The first of these, the new Penguin WEC 2 will be installed to the EMEC test site this spring
EIB Invests in Commercial Wave Energy
is attached to the sea bed in the near-shore area. It generates electricity from the movement of the waves (surge phenomenon) and is connected to the electricity grid onshore. The company is based in Finland and operates in multiple continents. It is backed by owners including European utility company Fortum. Wave energy represents the largest untapped clean renewable energy resource, with a global potential greater than the capacity of all the installed fossil fuel plants in Europe combined. AW-Energy has ongoing projects on many continents. The company has successfully demonstrated the WaveRoller
WaveRoller Obtains DNV GL Verification
longest campaigns recorded with a wave energy converter. The results strengthen our belief that wave power is going to be a remarkable renewable energy production form in the 2020s and that the WaveRoller technology will be an important player within the wave power industry," said HeliAntila, CTO of Fortum. Previous WaveRoller PTO bench tests and simulations also matched field performance, providing significant impetus for AW-Energy’s newest project: a full scale PTO- testing-facility, currently under construction in Finland. Full-scale next-generation WaveRoller PTO units will undergo rigorous
February 2025
