Education in the Faroe Islands School. Many Faroese pursue higher education out of the islands, mainly in Denmark; in August 2015 a report showed 1,345 Faroese students in Denmark, 904 in the Faroe Islands and 182 in other countries. Studni, the Faroese Student Grant Fund, provides student grants and loans to Faroese students, to study either in the Faroe Islands or abroad. Higher education is offered by the, Tórshavn based, University of the Faroe Islands (). It was founded in 1965, as Academia Færoensis, by members of the Faroese Academy of Sciences. The university is divided in two faculties: the Faculty of Humanities, Social Sciences
Economy of the Faroe Islands lithium-ion battery became operational in 2016. Planners also consider converting the existing hydropower to pumped-storage hydroelectricity. Tidal power and Thermal energy storage solutions are also considered. The islands have a goal of 100% green electricity production by 2030. In 2014 50.8% of the electricity production of SEV in the Faroe Islands came from green energy like hydro and wind, while 49.2% was produced by the thermal power plants, which was 12.4% less than in 2013. Total annual production: 305.4 GWh (2014) of which the production of thermal, hydropower and wind power was: The Faroe Islands have no electricity connections to