Following a historic vote in parliament on December 15th 2020, the Norwegian Government announced its funding decision for the ‘Northern Lights’ CO2 transport and storage project. The project aims to create a carbon capture and storage hub in Norway, open to third parties. It will be the first ever cross-border, open-source CO2 transport and storage infrastructure network and offers European industrial emitters the opportunity to store their CO2 safely and permanently underground.

Equinor will explore opportunities within the realm of floating solar power. Together with Moss Maritime the company wants to start testing near the island of Frøya in the late summer of 2021. The plant will measure 6400 m2 and rise 3 meters above sea level and appears to be made of interlinked rigid structures.

According to Equinor, carbon capture and storage will be vital to reach the global climate goals of the Paris Agreement. They are very pleased that the Northern Lights partners and leading European companies have taken the first steps to realize a European CO2 transport and storage system! In simple terms, carbon capture and storage deals with removing CO2 from emission sources and storing it permanently underground, so that it is not released to the atmosphere.