StormGeo Sees Green Steel Lifting Nordic Power Demand

StormGeo sees green steel lifting Nordic power demand

StormGeo says the Nordics may be entering a new phase of electricity market development as green steel projects and data-centre expansion begin to alter demand patterns in the region’s northern zones. The company’s latest long-term market outlook points to a shift away from a market shaped primarily by local oversupply and towards one with heavier structural industrial load. The near-term trigger is the growing likelihood that large power-intens…

Green steel expansion can set the stage for energy market shift in the Nordics

The Nordics are set for a new phase of structural growth in electricity demand with expected realisation of green steel fabrication projects that can trigger a significant shift in the regional market landscape, according to the latest Nordic Long-Term Market Outlook – 2050+ from StormGeo. Expansion of fossil-free steel production using green hydrogen generated by electrolysis has taken a big step forward with developer Stegra recently securing …