Lyse Energi in €44m grid upgrade to meet Norway population rise

Norway’s Lyse Energi is to carry out a multi-million upgrade of its electricity grid.

The work will be carried out in the Stavanger region of southern Norway in response to rapid population growth, which in turn is drawing heavily on electricity resources.

As well as connecting new customers to the network, Lyse will install bigger substations and improve the energy efficiency of its monitoring and operating system.

It will also install real-time meters in households to offer pricing services that could shift electricity consumption from peak load periods to hours of lower prices.

Funding for the project – which is scheduled to be carried out from next year until 2015 – has come in the form of a €44m ($56m) loan from the Nordic Investment Bank.

The bank’s president, Henrik Normann, said: “NIB’s loan allows much needed investments in order to sustain further economic growth in the region. Installing electricity meters may also help increase households’ awareness of energy efficiency.”


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...