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Norway plans to use some of its vast sovereign wealth fund to develop sustainable energy. Despite being flush with oil, an unspecified proportion of Norway’s USD 400 billion savings account called the Government Pension Fund is being earmarked for investment in environmental projects that not everyone in the government approves of.

As the world's fifth-largest exporter of oil and Western Europe's biggest exporter of natural gas, Norway has found itself under increasing pressure to improve its environment profile. The new plan includes offsetting Norwegian emissions by stopping deforestation in developing countries and planting trees. On the domestic front, money is to be earmarked for investment in renewable energy and new taxes on fuel introduced as part of a 'carrot and stick' strategy promoting more environmentally friendly behaviour and reducing greenhouse gas emissions.

become a leader in the global technology race in the new experimental and costly technology known as carbon capture and storage (CCS)

After ten years of research and development, Statkraft believes the time is now right to build the first osmotic power plant prototype and is therefore stepping up its initiatives and investments to develop the technology. With this decision Statkraft will have invested more than NOK 100 million to develop a new, renewable energy technology. The research work is supported by The Research Council of Norway.  The global technical potential for osmotic power production is estimated at around 1600 TWh, including around 200 TWh in Europe and 12 TWh in Norway, or 10 percent of Norway’s current power production. The innovation has already attracted attention in the international energy community.

With a range of approximately 60 miles (100 kilometers) the all electric Micro-Vett Fiat Doblò 5 seat station wagon, powered by a 18 kWh Altairnano NanoSafe® battery pack is undergoing field trials in Oslo, Norway. The battery pack was  recharged three times, in less than ten minutes using a high voltage rapid charging system

Odyssee is a detailed database on energy efficiency data & indicators, for the EU-15 members and Norway.

The leading Norwegian manufacturer of photovoltaic cells and panels expects PV power generation costs to decline to only 8 cents/kWh as of 2010, provided installations benefit from at least 1800 hours/year of sunshine. That is the case in the countries around the Mediterranean, the southern parts of the USA, India, China, Australia and many other parts of the planet.

The Dutch and Danish power grid operators have announced they are to carry out a feasibility study into the possibility of an underwater electricity cable between the two countries, reports ANP news service. The two firms say the so-called Cobra cable will facilitate the use of renewable power. 'Strong connections between European countries can significantly increase how much wind power can be distributed on European grids,' Peter Jorgensen, one of the directors of Enereginet is quoted as saying. On Thursday the NorNed cable between the Netherlands and Norway – at 580 kms the longest underwater power cable in the world – was officially opened by the Dutch economic affairs minister Mara van der Hoeven. The cable has been operational since May.

Dr Schmid calculates that a DC grid of the sort he envisages would allow wind to supply at least 30% of the power needed in Europe.

four weeks

StatoilHydro has decided to build the world’s first full scale floating wind turbine, Hywind, and test it over a two-year period offshore Karmøy. The The company is investing approximately 400 million NOK. Planned startup is autumn 2009.