With a modern distribution network the electricity system can be more efficiently used. This means at the same time helping customers with energy efficiency measures, such as automatic direction of consumption to low cost periods; realising the potential of small scale renewable electricity production; and supporting the introduction of electric vehicles. The concept is called ‘smart grids’ and Vattenfall is developing a pilot project on the Swedish island of Gotland.
Øystein Løseth, President and CEO, Vattenfall, Sweden
Øystein Løseth, President and CEO of Vattenfall AB, Europe’s 5th largest energy company, based in Sweden. Born in Norway 1950, Master of Engineering, Technical University of Trondheim, Norway (Norges Tekniske Høgskole) and Studies in Economics, Bedriftsøkonomisk Institutt, Bergen, Norway.
Different positions at Statoil(Bergen, Stavanger, London, Oslo), Naturkraft (Oslo), Statkraft SF (Norway and the Netherlands), Nuon (the Netherlands).
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