Our strategy: Electrification for a new era

Electrification is key to achieving Norway’s climate targets. Our market analyses show a significant increase in electricity consumption towards 2040, driven by green industry and new energy solutions.

We must also safeguard security of supply and system resilience in a period marked by increased uncertainty and major changes both in Norway and Europe. This requires us to renew and reinforce the power grid at a faster pace and with greater efficiency. Read more about Statnetts strategy. 

We must make sound, long‑term decisions while also increasing our pace. The strategy therefore emphasises that we will work sustainably, safely and cost‑effectively in the years ahead.

The transition plan: Statnett’s strategic plan for sustainability

The future will place greater demands on both the power system and Statnett.

We manage the power system and the transmission grid on behalf of society, while society’s natural areas, climate and local communities are affected by our activities. It is important that we balance these considerations in a responsible way for future generations. Statnett’s transition plan is designed to support this.

The plan focuses on four key areas

  • Climate: The plan includes science‑based targets and actions for achieving them, in line with the State’s expectations. Read more about our targets and measures for climate. 
  • Nature: The plan provides direction and momentum for Statnett’s work to safeguard nature and addresses key objectives in the Global Biodiversity Framework, in line with external expectations. Read more about our targets and measures for nature. 
  • People: The plan recognises that a successful transition depends on placing people at the centre. The social dimension includes our own workforce, workers in the value chain and affected local communities. Read more about our targets and measures for people. 
  • Governance: The plan helps ensure that sustainability is integrated throughout the company – from strategy to daily operations – through clear frameworks, principles and follow‑up.

The transition plan operationalises Statnett’s corporate strategy on sustainability and will guide our sustainability work in the years ahead.