Norway has always been committed to sustainable development initiatives, but now Norway suceeds in producing energy floating above the water. Norway is no longer focused on traditional solar panels anymore or on energy generated atop the mountains or from the deep fjords thanks to Norwegian startup, Alotta. Alotta is focusing on hybrid floating solar power systems that amalgamates solar panels with battery storage potential. This innovation floating above the water is surely making waves.
Norway is turning the focus to solar panels with floating technology
While floating solar technology is not entirely new, the Norwegian startup has shown slightly out-of-the-box thinking. There are several advantages to relying on floating solar panels. Firstly, these panels are cooled down for greater efficiency. Floating panels lets us use up unused water surfaces and does not have any land requirements.
Alotta has looked at the advantages of floating solar panels and created a hybrid energy system specifically meant for water bodies. Floating solar technology gets combined with a high performance battery storage system to ensure clean power is produced without relying on diesel. The beauty part of going hybrid is that this system works constantly to generate energy, irrespective of the weather conditions.
Being a hybrid system, diesel use is cut down considerably. In the process, there is less greenhouse gas emission and operational costs are cut down. This results in a flexible and self-contained energy system
Alotta is expanding globally from Norway to Chile
Alotta has enjoyed success in terms of a well-considered hybrid energy system, but also in the form of its business milestone. Alotta has secured €5,4 million to scale up operations all thanks to a 15-year Power Purchase Agreement (PPA) with Mowi Chile. Mowi Chile is the world’s largest salmon farming company. As per the agreement with Mowi Chile, Alotta will supply renewable energy to Mowi’s remote aquacultural site located at Huar Norte in the Los Lagos region.
This decision by Mowi Chile is rather strategic and a way to move towards sustainability efforts. Chile’s salmon farming industry is the second largest globally with more than 600 off-the-grid farming sites. All these farming sites result in 60 million liters of diesel burning yearly. By relying on Alotta’s hybrid energy system, a cleaner and more sustainable option becomes available for the salmon fishing industry. The excitement builds as Chile brings Alotta as a solution to off-grid coastal communities.
Alotta, a company that is not just responsible for solar installations
Alotta has a dual business model. On one hand, the company designs and installs solar systems and on the other hand, Alotta manages long-term energy supply contracts through Alotta Energy. The company therefore looks at owning and operating clean energy systems. Alotta ensures that clean energy gets delivered to clients who are not required to invest in cleaner energy systems on their own.
Alotta’s business model is the reason why Alotta has global appeal and is attracting companies like Mowi Chile. Mowi Chile is one such organization that wishes to go down the sustainable energy route; however, the corporation does not have the necessary experience in terms of sustainable energy systems. Alotta will then step in ensuring everything from the installation to the deliverance of clean energy is taken care of. Although Alotta is not the first company in Norway to rewrite the rulebook, Norway is getting used to 500 giants floating in the sea and is ready to unlock energy from water.
Alotta seems ready to float towards future success
Founded in 2020, Alotta is still a relatively new company that is showing its devotion to the clean energy game. Alotta has already proved that its hybrid energy system can be beneficial in Norway and in Chile. Now Alotta is keen to expand to other remote and offshore regions ensuring that diesel reliance is fully minimized. Norway surely has started a floating energy revolution all thanks to Alotta. Plus, Norway has started absorbing world pollution and Alotta proves this.
