NTNU Energy Transition Podcast
#75 How Statkraft is renewing the way the world is powered (with Henrik Sætness)
Oct 7, 2024
Henrik Sætness, Executive Vice President at Statkraft and a key figure in renewable energy, shares valuable insights on revolutionizing energy production. He discusses the company's strategic shift from hydro to a diverse focus on wind and solar across 20 countries. Sætness highlights the challenges posed by geopolitical events, particularly the implications of the Russian invasion of Ukraine. He also emphasizes the need for collaboration to tackle complex issues in energy production and the evolving opportunities in offshore wind and sustainable investments.
33:31
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Quick takeaways
- Statkraft has shifted its focus towards wind and solar energy, reflecting a broader trend in the renewable energy sector's evolution and cost-effectiveness.
- The company's proactive investment in flexible energy solutions like solar with battery storage addresses market fluctuations and rising global energy demands.
Deep dives
Startkraft's Strategic Shift Towards Renewables
Startkraft has undergone a significant strategic shift to embrace renewable energy, moving away from its traditional focus on hydropower. By the end of the 2010s, the company recognized the increasing complexity and challenges in global hydropower projects and initiated a new direction in 2018 aimed at expanding its investments in wind and solar energy. This adaptation reflects a broader trend in the energy sector, where renewable sources are becoming increasingly cost-effective and prevalent, transforming how power is produced. Startkraft's commitment to capturing momentum in the wind and solar markets positions it as a forward-thinking leader amidst the evolving global energy landscape.
