All posts by Margrethe Harboe

Why a Norwegian battery company is building a plant outside of Atlanta, Georgia

A Norwegian battery company has been working since 2022 to open a supersize factory outside of Atlanta that will bring more than 700 jobs to the region.

Freyr Battery is developing a manufacturing process for lithium-ion batteries that it says will be less expensive and have less waste than the processes many competitors use. The batteries would be available for stationary energy storage and for use in electric vehicles.

The Georgia plant is one of the many projects whose existence is at least in part due to the Inflation Reduction Act, President Joe Biden’s 2022 climate law.

 

But Freyr has hit some potholes on its way to the Peach State.

The company said in November that it would not meet a target for one of its technical milestones by the end of 2023, and it was delaying the opening of a large-scale plant in Norway. One upshot was that the plant in Coweta County, already in the works about 40 miles southwest of Atlanta with a projected opening of 2026, would go online before the one in Norway.

Investors reacted negatively and the company’s share price dropped by about half.

 

This all occurred in Birger Steen’s first few months as Freyr’s CEO. The company board appointed him to the role in September, and said the previous CEO, cofounder Tom Einar Jensen, would become executive chairman. Steen has about 30 years of experience in the technology sector, including stints leading Microsoft’s operations in Norway and Russia.

Read full article here.

AmCham Mentorship Final Group Gathering: The Future of Work & Leadership

AmCham Mentorship Final Group Gathering: The Future of Work & Leadership

AmCham’s recent final 2023-24 Mentorship Program session, warmly hosted by Bain & Company, featured engaging presentations and discussions led by Partner Erik Nordbø and Citi Norway’s Managing Director & Country Officer Pål Rokke.   

The Future of Work   

The post pandemic era prompted a reevaluation of work-life balance and changing workplace motivations, with 58% of workers across 10 major economies considering the impact on their personal lives. Erik Nordbø shared the key themes that are reshaping work and the relationship between workers and firms – including automation, leveraging technology and the mainstream adoption of flexible arrangements, emphasizing the increasing importance of talent as a valuable resource in this era of business transition.

Presenters

Erik Nordbø – Partner

Pål Rokke – Managing Director & Country Officer

20 Years of Leadership Perspective   

Pål Rokke shared reflections on his journey and emphasized Citi’s leadership principles along with his personal reflections. Taking ownership, delivering with pride, and succeeding together are at the core of the winning culture – these principles are the underlying success factors to delivering client and operational excellence at Citi. “The true measurement of leadership can only be earned by influence, and the proof of leadership is found in the followers,” Rokke stated.

 

The final portion of our session was dedicated to open mentor/mentee reflections on our respective nine-month experiences. What worked well? How can the popular program, now in its eight year, improve?   

    

One mentor acknowledged that “nurturing trust in the first phase of the program is key – establishing goals and needs for both parties.” Further, a mentee emphasized that “success is in creating and following the laid-out plan with concrete ambitions.” Another leader enthusiastically expressed the “constructive, open and honest conversations” and that “the program is uplifting and provides a surge of energy!”   

About the AmCham Mentorship Program

With its unique cross-industry orientation, AmCham’s Mentorship Program offers a dynamic, internationally minded arena for leadership development. The program pairs emerging corporate talent with seasoned executives and the result: a collaborative arena that fosters improvement and reflection, prepares young leaders for the challenges of the international marketplace, and forges bonds between AmCham’s transatlantic member companies.   

2024-25 Registration Now Open! 

Registration is now open for the 2024-25 and ninth edition of our popular Mentorship Program. Kicking off in May, the program pairs participating Patron-level member leaders with top-performing employee mentees and includes:

  • Six one-on-one tailored mentor & mentee meetings (ca 1.5 hours each)
  • Four group sessions with special guest speakers
  • Professional development and new perspectives  

 For further information and interest in the program, please contact janice.gundersen@amcham.no.

Sustainable Energy in America 2024 Factbook

The Sustainable Energy in America Factbook – produced annually for the Business Council for Sustainable Energy by BloombergNEF – provides valuable year-over-year data and insights on the American energy transformation.

In 2023, U.S. clean energy sectors proved resilient as both mature and emerging decarbonization industries grew despite interest rate and supply chain difficulties. A suite of federal policies provided clear signals to the market, which responded with record-breaking levels of investment and deployment.

The 2024 Sustainable Energy in America Factbook covers the progress of the energy efficiency, natural gas, and renewable energy sectors. Download the report to find the latest data on these clean energy industries, as well as sustainable infrastructure, energy storage, hydrogen, renewable natural gas, electric vehicles, digitalization, industrial emissions, carbon capture storage, and more.

Read full report here.

Meeting the moment: combating AI deepfakes in elections through today’s new tech accord

As the months of 2024 unfold, we are all part of an extraordinary year for the history of both democracy and technology. More countries and people will vote for their elected leaders than in any year in human history. At the same time, the development of AI is racing ever faster ahead, offering extraordinary benefits but also enabling bad actors to deceive voters by creating realistic “deepfakes” of candidates and other individuals. The contrast between the promise and peril of new technology has seldom been more striking.

This quickly has become a year that requires all of us who care about democracy to work together to meet the moment.

Today, the tech sector came together at the Munich Security Conference to take a vital step forward. Standing together, 20 companies [1] announced a new Tech Accord to Combat Deceptive Use of AI in 2024 Elections. Its goal is straightforward but critical – to combat video, audio, and images that fake or alter the appearance, voice, or actions of political candidates, election officials, and other key stakeholders. It is not a partisan initiative or designed to discourage free expression. It aims instead to ensure that voters retain the right to choose who governs them, free of this new type of AI-based manipulation.

The challenges are formidable, and our expectations must be realistic. But the accord represents a rare and decisive step, unifying the tech sector with concrete voluntary commitments at a vital time to help protect the elections that will take place in more than 65 nations between the beginning of March and the end of the year.

While many more steps will be needed, today marks the launch of a genuinely global initiative to take immediate practical steps and generate more and broader momentum.

What’s the problem we’re trying to solve?

It’s worth starting with the problem we need to solve. New generative AI tools make it possible to create realistic and convincing audio, video, and images that fake or alter the appearance, voice, or actions of people. They’re often called “deepfakes.” The costs of creation are low, and the results are stunning. The AI for Good Lab at Microsoft first demonstrated this for me last year when they took off-the-shelf products, spent less than $20 on computing time, and created realistic videos that not only put new words in my mouth, but had me using them in speeches in Spanish and Mandarin that matched the sound of my voice and the movement of my lips.

Read full article here.

Tech giants pledge to fight AI deepfakes ahead of elections

Technology giants are planning a new industry “accord” to fight back against “deceptive artificial intelligence election content” that is threatening the integrity of major democratic elections across the world this year.

A draft Tech Accord, seen by POLITICO, showed technology companies want to work together to create tools like watermarks and detection techniques to spot, label and debunk “deepfake” AI-manipulated images and audio of public figures. The pledge also includes commitments to open up more about how the firms are fighting AI-generated disinformation on their platforms.

“We affirm that the protection of electoral integrity and public trust is a shared responsibility and a common good that transcends partisan interests and national borders,” the draft reads.

Read full article here

Norway – US Business Summit

Norway – US Business Summit on the occasion of the Royal Visit by H.R.H. Crown Prince Haakon of Norway to California and the state of Washington   

Norwegian and American businesses are invited to take part in exclusive business events during the Royal Visit.

For the Business Program, H.R.H. will be accompanied by Norway’s Minister of Trade and Industry, Jan Christian Vestre; Minister of Digitalisation and Public Governance, Karianne Oldernes Tung; and State Secritary of Energy Astrid Bergmål.

Join us for an exciting program uniting leaders and decision-makers from Norway and the US. Together, we’ll delve into how technology, AI, and innovation can propel us towards a sustainable future, threading through all conference topics.  We’ll foster an atmosphere conducive to idea exchange, collaboration exploration, and relationship building, ensuring a fulfilling experience for all attendees through structured and informal interactions.

The business events hosted by Innovation Norway with partners provide a unique opportunity to meet key players, explore new business and investement projects, and strengthen existing partnerships. 

Norway and the US – stronger together for a sustainable future!  

More information here

Norway and USA agree on additional agreed facilities and areas under the SDCA

Defence Minister Bjørn Arild Gram and U.S. ambassador to Norway, Marc Nathanson, signed an amendment agreement under the Supplementary Defense Cooperation Agreement (SDCA). The agreement declares intent to establish eight additional agreed facilities and areas in Norway. Pending the consent of the Norwegian Parliament, these sites can be used by Norway, the United States and other allied forces for a number of military purposes. The signing contributes to a further development of the SDCA, which the Norwegian parliament agreed to in June 2022.

– In today’s security environment, we must continue to strengthen the relationship with our allies. It is important for our security and for the entire Nordic region. The United States is our closest ally, and the bilateral cooperation between our two countries has developed over more than 75 years. The security challenges and the operational requirements are greater and more serious now, compared to when the SDCA was negotiated in 2021. More agreed facilities and areas in Norway will also have a positive effect in a Nordic context, says Defence Minister Bjørn Arild Gram.

Read full article here.

How We Grew In 2023: StormGeo Shipping Product Updates – StormGeo

Taking a look back at 2023, it has been a year filled with growth for the StormGeo community. As we rush into leading innovation in maritime technology for 2024, let’s reflect on our 2023 milestones and sneak a peek at what is coming in the new year.

Where StormGeo focused on innovation in 2023:
We enabled our customers to escalate their decarbonization strategy, with both compliance and profitability in mind.
We made data validation and sharing even more streamlined to enhance decision-making across multiple stakeholders.
We invested in empowering our customers to shape the future of our growth by embedding their feedback in our development roadmap.

More data-driven decarbonization strategies
While the shipping industry in 2023 was navigating decarbonization through new regulations and a sense of uncertainty, we focused on making shipping professionals feel more confident in a volatile landscape. For that reason, we prioritized combining our people’s expertise with technology to deliver solutions that go beyond AI and put the human factor at the core of our product. The result of it? A complete suite built by Regulations, Technology, and Shipping experts to help shipping companies develop, implement, and optimize their environmental strategy based on accurate data and actionable insights.

Read full article here.

Hun blir ny direktør i MSD Norge

Andreea Mocofan tar over ledelsen av MSD Norge den 1. mars – med forbehold om saksbehandlingstiden for arbeidstillatelse ettersom hun kommer fra et EU-land, skriver MSD Norge i en pressemelding. 

Mocofan, som skal lede 100 ansatte i Norge, overtar etter Muhammed «Mo» Ali, som fratrådte i fjor. Hun har ifølge selskapet bred erfaring fra PWC og globale stillinger i Pfizer. 

Ali fratrådte sin stilling før sommeren i 2023, av personlige årsaker, opplyser selskapet. 

– Som ansvarlig for MSDs kreftportefølje i Romania, er Mocofan en sterk tilhenger av samarbeid og partnerskap, skriver MSD Norge. 

– Å ta vare på pasienten er ikke noe én aktør kan gjøre alene. Mens den norske helsetjenesten er verdensledende på mange områder, har den erkjente utfordringer der vi på leverandørsiden må bidra. Vi bør sikte mot å bygge kapasitet i helsetjenesten gjennom innovasjon, og dermed sette pasientens behov først. Partnerskap er den eneste farbare veien, sier Mocofan. 

Read full article here.

Equinor to take full ownership in Empire Wind through a swap transaction with bp in the US

Under the agreement, Equinor will take 100% ownership of Empire Offshore Wind Holdings LLC. Subject to certain conditions, Equinor will also take over bp’s 50% share of the South Brooklyn Marine Terminal (SBMT) lease. Bp will take over Beacon Wind Holdings LLC and the associated project company that holds the Astoria Gateway for Renewable Energy site and will become the operator of the Beacon Wind projects. The transaction will be cash neutral, except for standard settlements of cash and working capital items.

The agreement provides Equinor and bp with the flexibility to pursue their respective priorities under their corporate strategies. Equinor has more than 20 years’ experience with offshore wind and entered the US offshore wind market already in 2017 – and has also built a strong offshore wind portfolio with assets in key markets like UK, Poland, Germany, and South Korea.

Following the signing of the agreement, a bid was submitted for the Empire Wind 1 project in New York’s fourth offshore wind solicitation round, which closed at 3pm ET today 25 January 2024.

It has also been agreed with the New York State Energy Research and Development Authority (NYSERDA) to terminate the Offshore Wind Renewable Energy Certificate (OREC) Purchase and Sale Agreement for the Beacon Wind 1 project.

Read full article here.