Aurora, Amazing Northern Lights

In Bulfinch's Mythology from 1855 by Thomas Bulfinch there is the claim that in Norse mythology:
The Valkyrior are warlike virgins, mounted upon horses and armed with helmets and spears. /.../ When they ride forth on their errand, their armour sheds a strange flickering light, which flashes up over the northern skies, making what men call the "aurora borealis", or "Northern Lights".
While a striking notion, there is not a vast body of evidence in the Old Norse literature supporting this assertion. Although auroral activity is common over Scandinavia and Iceland today, it is possible that the Magnetic North Pole was considerably further away from this region during the centuries before the documentation of Norse mythology, thus explaining the lack of references.
The first Old Norse account of norðrljós is found in the Norwegian chronicle Konungs Skuggsjá from AD 1230. The chronicler has heard about this phenomenon from compatriots returning from Greenland, and he gives three possible explanations: that the ocean was surrounded by vast fires, that the sun flares could reach around the world to its night side, or that glaciers could store energy so that they eventually became fluorescent.