Nordic Smart Grid Alliance
Nordic Smart Grid Alliance will bring together the Nordic excellency in safe and stabile energy supply. This is consistent with the common Nordic energy market adding the elements of green transition and highlighting the common values. In the long run, the alliance is expected to contribute to an increased attractiveness and knowledge of the Nordics as an international testbed and as a potential destination for foreign investments.
Business Sweden Nordics helps you open doors to key stakeholders in three markets, supports you before, during and after the events, and advises you on how to take the discussions forward post-activity.
The companies joining the smart grid alliance will get the chance to learn more about capacity building in the field of smart energy, as well as have the exclusive opportunity to network with industry stakeholders and decision-makers. But most importantly Swedish companies will explore smart energy business opportunities in different markets.
Is your company interested in joining the alliance to screen up opportunities or partnerships? Fill in the registration of interest and we will get back to you!
Event details
27 September | Copenhagen, Denmark, see agenda here.
27 October | Oslo, Norway (Exact location tbd)
End of November | Helsinki, Finland (Exact location tbd)
Fixed participation fee: 15 000 SEK. Possibility for 50% subsidy if qualified as SME.
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The Nordic Smart Grid Alliance builds on the takeways from the Nordic Energy Talks 2021
In December 2021, Business Sweden organised Nordic Energy Talks which paved the way for the smart grid alliance. The focus of the webinar was to discuss how the Nordics can transform the energy sector and fulfill the climate targets, highlighting the region as an exporter of green products such as affordable electricity, hydrogen, and steel by accelerating our collaboration.
Smart Grid Alliance will look into the future summarizing the trends and identifying the needs
A smart grid panel at the Nordic Energy Talks made the following trend conclusions:
- Flexibility is not just a temporary need while the grid is reinforced - it is the new normal for the energy system.
- The Nordic competitive edge lies in a strong grid and good resources for clean energy, along with perceived high trust among various stakeholders in the value chain.
- What is next is the “need for speed” - more streamlined permitting processes, increased digitalisation and higher utilisation of system integration.
Investments in technologies for demand flexibility are needed
The grid networks play an essential role in the increased electrification of society. In Europe, grid expansion plans are estimated at USD 70 billion annually 2021-2030. These investments are likely to be higher due to the sharpened targets of reducing emissions by 55 per cent instead of 40 per cent by 2030 (compared to 1990 levels).1)
In parallel, existing grids need to be modernised and digitalised to be able to optimise energy use. According to the IEA, the need for hour-to-hour flexibility in 2050 is estimated to become four times higher, with batteries and demand-response systems as some of the enablers. Investments in technologies for demand flexibility are therefore needed - an estimated 500 GW should be enabled in the market to be in par with the expansion pace required for the Net Zero Emissions scenario by 2050 2)
1) IEA Nov 2021 Analysis – Smart Grids. Adjustments might be applicable due to current geopolitical situation.
2) IEA Nov 2021 Tracking Report on Demand response. Adjustments might be applicable due to current geopolitical situation.
iNTERESTED IN KNOWING MORE?
gET IN TOUCH!
Elina Rantanen
Senior Project Manager
Finland, Helsinki
Anna Sundlöf Eriksson
Project Manager
Norway, Oslo
Hanna Leffler
Trade & Invest Commissioner
Denmark, Copenhagen & Iceland, Reykjavik
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