Norway: Powered by NatureBuenos Aires, November 3, 2010

Norway in a Nutshell

•4 ½ million people

•Hydropower accounts for about

98-99 per cent of the total

electricity production.

•Norway has a great deal crude

oil and natural gas. Norway is

one of the largest exporters of

crude oil in the world.

•Why is such a small country so

innovative in energy?

Energy Competence

•Norway has a responsibility, as well as a national advantage, within

the energy sector.

•Knowledge and competence from traditional sources such as

hydropower and oil and gas will be able to play an important role in the

work to find solutions that improve the production and use of energy.

•Norway has the ambition to create value in the energy and

environment domestically and around the world

Key to innovation is government funded research

Government Support is Key

•Ministry of Petroleum and Energy

•Research Council of Norway

•Enova

•Innovation Norway

Research Council 2010 Budget

Approximately NOK 23.6 billion (about 4 ½ billion USD).

The Bio-oil Refinery Project, part funded by the Research Council of

Norway and Aston Unversity (UK), are developing integrated bio-oil

technology to transform biomass more efficiently into biofuels through

fast pyrolysis.

FMEs: National Centres for Environmentally Friendly Research

Public, Industry and Research As Partners

Enova

Enova has supported 14 wind

power projects that are expected

to deliver an annual production

of about 1,600 GWh .

About NOK 130 billion annually is

spent on new construction and

rehabilitation of existing buildings.

Enova's goal is to reduce energy

consumption and increased use of

renewable energy in buildings.

Innovation Norway

Supporting a profitable partnership

Competent Norwegian supplier

IRD-contract

Competence Reference and/or market channel

New or improvedproduct/service/process/method

Demanding customer

Innovation

IRD-contracts in the innovation process

Idea Development Commercialization Growth

Tax-incentives

Commercial sources

Non commercial sources

Business Angels Venture Capital & PE

Stock Exchange

Tax deducation scheme (Skattefunn)

R&D grants

Risk loans

Seed Capital

Stipends

IRD-contracts

Regional development grants

International Growth

Some Norwegian Success Stories

Osmotic Power

Solar Technology in Cold Norway?

•Norway has a long metallurgical

history, from which solar

comptence is easy to modulate

for the solar industry

•There is a great deal of activity

in this sector in Norway, and

they are creating value around

the world based on their solar

processes

Hywind

Turbine size: 2.3 MW Turbine weight: 138 tons Turbine height: 65 m Rotor diameter: 82.4 m Draft hull: 100 m Displacement: 5300 m3 Diameter at water line: 6m Diameter submerged body: 8.3 m Water depths: 120-700 m Mooring: 3 lines

Wastewater Innovation

Thank you for your attention!

Alana.prashad@innovationnorway.no