Research and Development Services for Industrial Flexibility in the Nordic Region

This project aims to evaluate the economic and commercial feasibility of enhancing flexibility from large industrial loaders in the Nordic power system, focusing on Denmark, Finland, Iceland, Norway, and Sweden, with a long-term perspective extending to 2040. The project will analyze the costs and timelines required to improve this flexibility and identify potential barriers to its successful implementation. Key outcomes include: 1. A comprehensive understanding of how different industry sectors can contribute to flexibility, including emerging industries, the localization of flexibility, and the speed of development based on investment cycles. This insight will aid market participants and online companies in their planning efforts. 2. Identification of unnecessary obstacles and cost drivers that hinder the development of new flexibility, providing crucial information for regulators and decision-makers. This analysis will serve as a foundation for formulating effective flexibility strategies. The ultimate goal is to produce a detailed report that offers concrete recommendations for policy design, market structure, and industrial strategies in the Nordic countries, while also fostering greater interest in industrial flexibility and its commercial potential across various sectors.