When the sun stays out for a few extra hours in summer, where do we store the excess energy? This is one of the biggest challenges facing the renewable energy industry. When looking at countries like Norway, which is currently powered by 50% renewable energy, mostly coming from hydropower, they run into the same old problem: having high influxes of energy and then dips. How do you store energy when you have excess and then use that same energy when the grid is in higher demand? That's where energy storage comes into play.
In today's episode, David Banmiller speaks with Freyr Battery CEO and co-founder Tom Jensen. Tom’s company is currently constructing one of the largest battery cell production facilities in Europe, aiming for capacity of a whopping 43GWH. The facility is based in northern Norway and is being constructed utilising the abundant renewable energy from the grids. Freyr is committed to supporting cluster-based R&D initiatives and the development of an international ecosystem of scientific, commercial and financial stakeholders to support the expansion of the battery value chain in their region.
David explores why Freyr’s technology sticks out from the crowd. What are some of the roadblocks to furthering battery storage initiatives and how can they be overcome? What are some ways that we can recycle older batteries and give them another life? How is inflation affecting Freyr's current efforts? All of these questions and more, on The Interchange: Recharged.
The Interchange is brought to you by JinkoSolar, a leading solar panel manufacturer and energy storage integrator.
JinkoSolar now offers energy storage for a variety of residential, C&I, and utility projects.
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